Are we finally ready for a gas limit increase? (erigon.tech) | |
Title is > Are we finally ready for a gas limit increase? and the subtitle > Time to turbo-send ETH to 0$!!! haha, this is so real. Somehow there's quite the perverse circumstance for blockchains to somehow keep their block space expensive, versus scaling to more use cases. There used to be a golden block chain time when scale was a botleneck but everyone wanted to use the most decentralized chains. Back then using Ethereum was expensive and that was good for Ether prices. Now it almost seems like that through settling in expectations and competition to decrease block space cost there isn't really a fundamental frontier to how cheap block space can get. Or is there? Imagine a scenario where we find that the entire planet's block space can be run fairly cheaply, like for the cost of running an expensive data base. That would be a perverse scenario for us right now: We expect numbers to go up, because we think block space is valuable, but we also ideologically want more use of the technology. In the case that block space turns out to be a cheap commodity, what would happen to the coin prices. We'd have to have a lot more usage to justify the same coin prices, I imagine. | |