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Jimmy Butler asked about how much he’s been affected by his ankle:
“Zero. My ankle’s fine. We just didn’t win, there’s no excuse. They beat us.”
(via @BradyHawk305)
L2s will not be able to achieve lower fees than @solana at scale. Even an L2 on solana will end up being as expensive as @solana at best.
This is because fees aren't driven by the resources used, like compute or bandwidth, but by state contention. If 100 seconds worth of compute wants to write to the same state all in the first second, there is no way to eliminate that hotspot. Priority fees prioritize who gets access to the first second, and the price will be dependent on the economic opportunity costs of the state.
Resources themselves, bandwidth, or compute, are already ridiculously cheap, and there is not enough demand to fill up 1gbps (>200ktps) worth of independent transactions, let alone 10gbps. Because there is effectively an oversupply of raw materials at any given time, the baseline cost will be nearly zero
Project Olympus was a big success and we'd like to congratulate all of our Olympians on a job well done!🔱 💪 However, that is just the beginning of your journey with Zeus! 👇 🧵