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Barnabé Monnot
@barnabe
Capacity increases may have mixed effects on prices, if network effects/induced demand overwhelm the new capacity. What they do not have a mixed effect on: The total realised demand, which increases strictly. This means more users on-chain, more interactions, more useful possibilities to transact. Unequivocally good!
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eric siu 🐈
@randomishwalk
have you ever estimated price elasticity of demand for blockspace?
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Data Always
@dataalways
I scrapped a essay on it about a year ago, but the draft was interesting. Basically it depends so much on what use case you're looking at. L2s have been inelastic to small perturbations for a while, but will be nice to see it for large perts soon. https://dataalways.substack.com/p/1a8bdd95-0691-4908-a286-41ac2ab4b19f
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Barnabé Monnot
@barnabe
I haven't no, one grantee was planning to work on this, but turned out to be not that simple, I don't remember the reason exactly
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