Content
@
https://ethereum.org
0 reply
0 recast
0 reaction
xh3b4sd ↑
@xh3b4sd.eth
I think today I understood the ETH value accrual thesis that the EF is pursuing using blob space. Justin Drake mentioned that DA will never be commoditized. What he means is that the most secure DA will never be commoditized, because Ethereum DA is limited. The demand driver for DA is the underlying security context. Blobs are free up to a point. All free blob space will always be used. Once blobs are "full", usage causes contention spikes. Those spikes appear to be meaningless today because we only have 3 free blobs per block. So far I always thought that blobs will not generate meaningful revenue because we barely go over that free range. The trick is simply scale. Blob usage spikes above the water line can become pretty big waves, but only if the ocean underneath them is really really deep. Orders of magnitude more economic activity may burn 1.3B USD in blob fees alone every year, even if most blobs are free. That's over half a million ETH tokens gone from circulation annually. Milady
0 reply
2 recasts
8 reactions
