Arthur Hsiao

Thanks to @tienshaoku, @ChihChengLiang, and Jason from @0xpantarhei for feedback and discussions.

I make a proposal to introduce a dual-variable resource pricing mechanism as an extension of EIP-1559, which dynamically adjusts both the base fee and target gas in response to real-world demand fluctuations. ethresear.ch/t/maintaining-…

4) Most importantly, this solution is easy to implement since it builds on existing EIP-1559 with minimal changes. The fee market can remain robust and effective whether market demand is growing rapidly or declining.

3) The dual-variable EIP-1559 mechanism solves the fee market breakdown. By automatically adjusting both price and capacity in real time, it maintains economic incentives for validators, provides predictable costs for users, and ensures network security throughout scaling phases

2) However, blob demand growth is not keeping pace with supply capacity, creating an oversupply situation that renders the blob fee market ineffective for extended periods.

1) Ethereum is entering a period of massive network capacity scaling. With the launch of PeerDAS in the Fusaka fork, blob capacity will scale up to 48/72 as planned.

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Specially thanks to @ChihChengLiang for the reviews and discussion.

I’ve been researching the blob fee market and identified a phenomenon I call the “Target Demand Paradox.” ethresear.ch/t/the-target-d…

Typically, we assume that the pricing mechanism enters a price discovery phase once blobs are consumed at the target level. However, this may not be the case. Instead, we will likely need to consume more blobs than the target to properly discover a fair price.

This occurs when the target value falls outside the range of effective demand, causing the blob price to remain at its minimum, even when average blob usage reaches the target.

I won’t list examples like DEX, lending, or stablecoins to rekindle your faith. We don’t need religious leaders in these dark times. Instead, I’ll simply reflect on what value truly means in our society.

Some rise to riches with swift hands, while others see their fortunes slip away like sand. Crypto, like a fleeting dream, leaves nothing behind when we wake.

As token prices continue to slump, crypto nihilism spreads through the community. “Crypto has no use cases!” they declare as they walk away. Builders grow disheartened, watching speculation overshadow everything in the industry.

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The current structure of token launches is feeding a 'down only' paradigm where prices will get rekt Tokens launch at a high FDV, slowly bleed out as airdrop recipients sell, and then collapse as VC's unlock 1/ Some jumbled thoughts on how to unfuck the current paradigm

I am coming to Token Engineering

I'm consistently blown away by the thoughtfulness and creativity that goes into onchain games and the collective effort to bring autonomous worlds to life. #1 / Thread: A compilation of the best content I've found to be critical in building an understanding of Autonomous Worlds.