Don't let them tell you that the recent decline in L1 fees and mev is bearish for ETH

I have approximate knowledge of many things. Researcher | Planck's Const{ly dev}

Founder /kiwi-news, a decentralized Hacker News

All other things equal, having lower L1 total fees is bullish for a chain because fees are what users pay (and what ETH holders receive as a consolation prize)

Why not? L1 fee decline now makes revenue and Price to fees ration appear much higher than before EIP-4844. It's a fact of life that Ethereum has willfully discounted blockspace from expensive call data to blob space. I'd assume this makes ETH cheaper in the short run.

It has come to my attention that the people involved in the micro cosmos drama on the other app are in fact mostly allowed to vote in nation state elections. 

Considering all the mental illness one can read about over there, this is quite disturbing.