@joonian @matthewde_silva So I realized that the argument that "there's no value for ETH in ethereum as of today" is even wronger than I thought.
@joonian @matthewde_silva The reason is that as of today, abstraction is not even implemented in ethereum. There are clear efficiency advantages to using ETH as a means of paying for gas: it's already baked into the protocol, zero gas cost to pay for gas (so no "tax tax"), network protocol supports it...
@joonian @matthewde_silva It's not fair to rely on hypothetical future features to argue against something, and not admit *planned* future features as arguments in its favor.
@joonian @matthewde_silva Also, ETH is the only medium of exchange on ethereum where the gas cost of transactions is 21000, and not ~40000.
Abstraction would change this, but as I said, we have no active plans to do full abstraction.
Abstraction would change this, but as I said, we have no active plans to do full abstraction.
