Profile of nicszerman in Optimism

Posts by nicszerman

• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 7:29 p.m.
  Content: Yeah that’s the central idea I was hoping to receive as response! Can we make OP holders benefit from increased ecosystem activity, besides tx fees? For example, extending EVM op codes with app-optimized ops, with larger revenue margins for that extended op set. Just one idea I had. Another might be giving users the option to pay cheaper tx fees is they use OP, while still allowing ETH tx fees; this slightly incentivizes using OP as SoV.
  Likes: 2 Replies: 0
  Likers: madi, hait
  No replies yet.
• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 3:29 p.m.
  Content: Yeah that’s the central idea I was hoping to receive as response! Can we make OP holders benefit from increased ecosystem activity, besides tx fees? For example, extending EVM op codes with app-optimized ops, with larger revenue margins for that extended op set. Just one idea I had. Another might be giving users the option to pay cheaper tx fees is they use OP, while still allowing ETH tx fees; this slightly incentivizes using OP as SoV.
  Likes: 2 Replies: 0
  Likers: Madi, hait
  No replies yet.
• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 2:59 p.m.
  Content: I don’t think the interest misalignment is related to fees being paid in ETH.
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 2:57 p.m.
  Content: Optimism gets a (small) cut of transaction fees.
  Likes: 0 Replies: 1
  No likes yet.
  Replies:

  • diligit: Yes, execution fees = sequencer revenue, are allocated for retroPGF, funds that have not yet been distributed to somehow influence the OP.
• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 2:56 p.m.
  Content: Why is there no issue? It’d be awesome to have a discussion rather than “No issue here.”
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 10:59 a.m.
  Content: I don’t think the interest misalignment is related to fees being paid in ETH.
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 10:57 a.m.
  Content: Optimism gets a (small) cut of transaction fees.
  Likes: 0 Replies: 1
  No likes yet.
  Replies:

  • diligit: Yes, execution fees = sequencer revenue, are allocated for retroPGF, funds that have not yet been distributed to somehow influence the OP.
• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 10:56 a.m.
  Content: Why is there no issue? It’d be awesome to have a discussion rather than “No issue here.”
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 8:37 a.m.
  Content: OP price goes up if transaction fee revenue increases. Optimism seeks reducing transaction fees. OP holder incentive structure is apparently contradicting Optimism’s mission. To give a clear example: Assuming transaction throughput is inflexible in the short term (fair assumption), in the short term OP holders directly gain by approving a random proposal that solely increases transaction fees.
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• Optimism goal is reducing transaction fees, yet OP value comes from governance over transaction fee revenue. Is this contradiction problematic? by nicszerman - No Role
  Posted on: Aug. 28, 2022, 7:13 a.m.
  Content: OP holders apparently gain from increasing transaction fee revenue. This seems directly contradictory to Optimism’s mission. Can this be problematic in the future? Should we think of better ways to align governance interests?
  Likes: 2 Replies: 0
  Likers: mark, hait
  No replies yet.