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Austin_Federa
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Going on @Cointelegraph livestream in 30 mins to talk @doublezero from @proofoftalk
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Austin_Federa
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Someone please build a product that gives me a local virtual (tap to pay) credit card in local currency in any country that can be funded with stablecoins with a reasonable exchange rate.
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the new @timedotfun app makes it 10x easier to use as a coinator
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The end state of a blockchain for execution is simple 1) Median fees approach the cost of processing a transaction (opex + capex of validator + rpc) because there are many block builders and plenty of block space 2) Prioritization fees of all types (native priority mechanisms + others) for high economic opportunity events increase (!) because there are lots of actors wanting to take advantage of them, creating competition 3) Capacity tracks with demand (always lags a bit) allowing for sufficiently-abundant blockspace 4) aggregate revenue of the network increases while median fees are flat of decrease. this last one is a bit complex: there are two things to optimize for in blockpacking. 1) high contention limited duration economic opportunities like an arbitrage or liquidation or nft mint for which traders have a high fee tolerance (In the tradfi world this is largely externalized through the costs bore by HFT firms on the infra side) and 2) a volume game on fitting as many base fees (low paying txs) into a block as possible This is it.
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Just recorded a great episode with @valkenburgh of @coincenter dropping next week 👀
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WBRL
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