On: Ethereum has blobs. Where do we go from here?

[danpalmer]

In many parts of the world people are basically cash-only and don't pay fees for handling money most of the time. The "unbanked". This is the market Ethereum wants to serve.

Also I'd challenge 10-20 transactions per month. I think in many near cash-less societies it might be closer to 5 per day.

[SideburnsOfDoom → danpalmer]

> The "unbanked". This is the market Ethereum wants to serve

M-Pesa got there first, and without the taint of cryptocurrency. It's a real, deployed, working system at scale, and has been for years. The idea that a "hope to serve" after a bit more crypto tech innovation will open an untapped market ... well, I wouldn't take it seriously. It's wishful thinking at both ends of the supply and demand equation.

[thisgoesnowhere → SideburnsOfDoom]

You can't invest in M-Pesa tho so it's obviously very bad /s

[medo-bear → danpalmer]

Bosnia and eastern and most of europe in general is certainly not cash-less nor do most people desire that

[justwool → danpalmer]

5 per day?

My budget is $20 dollars a day.

Lmao people are so out of touch with reality.

5 transactions a day? For what? Honestly can I get off this train.