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

[godelski]

I don't want instant transactions. Clawbacks are very useful. Now the trick is to get that decentralized which means things like smart contracts? But still I haven't seen a good solution.

[evantbyrne → godelski]

Well everyone pays an extra ~3% on all of their transactions for that privilege, plus whatever costs retailers factor in for rampant credit card fraud. I wouldn't consider Visa the gold standard of how financial transactions should work the whole system is very clunky and prone to abuse.

[godelski → evantbyrne]

> Well everyone pays an extra ~3%

You do realize crypto currencies have transaction fees, right?

Yes, I'm willing to pay for goods and services.

[evantbyrne → godelski]

Not 3%! That's a lot of lost spending power for the privilege of having your insecure cc number stolen at a gas pump.