Tim Robinson

@timjrobinson

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606 Followers

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This was in Melbourne? I totally want to go to a party like this! Also using your mobile wallet for everything is the experience we want for /appcon

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what an awesome /appcon pitch by @timjrobinson! absolutely love seeing the event take shape in public and the shared sense of urgency to make it happen. let's go, ethereum ⟠

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I've been obsessing over this idea the past few days. I think it's exactly what Ethereum needs. I put together a deck on my vision for appcon: https://pitch.com/v/appcon-6s76ke Would love to help out where I can.

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You can play around with the simulator here: https://ethereum-blob-simulator.netlify.app/ and the source code is here: https://github.com/blue-yard/ethereum-blob-simulator

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So how will ETH accrue value? Being the most useful, scarce, deflationary asset with 10,000+ teams using Ethereum to grow their products will probably do it. Who cares about narratives, ETH has the best fundamentals in the world, it just takes time for them to play out.

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vs ETH at $10k:

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Another interesting feedback loop is the lower the ETH price, the higher the burn! As transaction prices are lower, more transactions are made, and the burn soars. See how different the burn is with ETH at $2.5k:

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Because total blob capacity scales with total validators, after PeerDAS is implemented blobs can scale as high as needed. There are 10k+ nodes to shard the load between them. While other ecosystems struggle under load Ethereum will supply the world with cheap, abundant block-space, while being extremely deflationary.

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It's interesting how quickly blobs go from being free to burning a ton of ETH. It seems almost everyone doesn't understand this tipping point. It also makes me think there might be a better pricing mechanism. Here's what it looks like increasing from today's ~180TPS to 400TPS

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You thought L2's were parasitic and Vitalik didn't think this though? Ah sweet summer child, little do you realize how insane this will get when the Ethereum ecosystem really kicks into high gear.

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Yes that's Ethereum operating at 10k TPS, burning 4.5% a year while L2 transactions cost an average of $0.06, with 16MB blobs. This is the medium-term goal according to Vitalik's latest Surge post: https://vitalik.eth.limo/general/2024/10/17/futures2.html

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Many people arguing about blobs, but so far no one has simulated how they respond to demand... until now. TL;DR: Blobs are insanely bullish long term

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I'm actually thinking the opposite. The reason they're so similar now is because many apps deploy across 5+ chains. With full chain abstraction every app only needs to deploy once and be usable everywhere, so they can pick the chain with the features they desire and be connected to the rest of the ecosystem. Posting state roots to L1 and using blobs will be paramount though as that ensures they can be composable with all the other chains in a secure way without additional trust assumptions.

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I've met 100+ crypto startups this year. The most common mistake I've seen is doing way too much. Focus on being great at one thing and outsource the rest. There are so many great infra/middleware companies in crypto that want builders. They cost little and will save so much engineering time. Remember - composability is crypto's superpower. My favorite startup type of late has been Infinex style, aggregating many existing products and writing the glue code + focusing on amazing UX. Would love to see more startups like this.

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From reading her timeline it seems this lady is gray tribe. She's not making a statement, but an observation of how our minds work, we have a tendency to believe things that make us feel safe and correct.

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Interesting! Tomato, mushrooms, fish, and olives are my most disliked foods.

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When I got my current job I started working 7pm -> 3am and fell in love with the routine immediately, but I'd always hated normal people schedules.

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Spoke to Ubitel recently who are building this, managed to get a private key on a SIM card (https://github.com/SemaphoreNetwork/semaphore_network_ethsim) and uses ZK proofs for proving/verifying you're part of the network. Site is https://www.ubi.tel/ but most of the cypherpunk ideas are private ATM.

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Unfortunately this is not happening tonight due to health issues, will be rescheduling.

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