A have haso with me. We'll be going through a kind of a hass wos articlea, and sort of what the significance of eip one five nine is from his point of view. And also, ah, what it might mean for big coin as well. Ah, gong to be discussing one of the most a, well well ated and sort of well read pieces that we've done in for derividancis. It covers atherium improvement proposal one, five five nine.
In this episode, Su and Hasu talk about blockspace market mechanisms and EIP-1559. Read Hasu's analysis of EIP-1559 (w/ Georgios Konstantopoulos)
Topics covered:
- what EIP-1559 is and the problems it solves
- negative-sum vs zero-sum vs positive-sum proposals
- reasons against EIP-1559
- what, if anything, can Bitcoin learn from EIP-1559
- impact on long-term security
- how realistic perpetual issuance is in Bitcoin
- elastic blocksize proposals in Bitcoin
- lessons from the scaling debate
- how parasitic L2s can threaten baselayer security
- how dApps benefit from EIP-1559
- building dApps on appchains vs Ethereum
- why every chain incl. Ethereum specializes over time
- first-price auction vs fixed-price sale
- EIP-1559 as an oracle for on-chain congestion
- moving the Overton window for changes to Bitcoin
Su Zhu is the CEO and CIO of Three Arrows Capital.
Hasu is a cryptocurrency researcher and writer.
Together, they publish on Deribit Insights and uncommoncore.co.