Anders Elowsson  pfp
Anders Elowsson

@anderselowsson

Currently, the mechanism behaves as follows: * Users purchase blobspace by spending execution gas and blob gas. * The blob gas fee update mechanism is unaware of the cost of execution gas, and thus unaware of the total cost of blobspace. * A relatively high cost of execution gas renders changes to the blob gas fee subordinate in determining quantity demanded. * The mechanism fails to timely converge on equilibrium whenever the cost of execution gas dominates the cost of blob gas.
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