Today's episode of Bell Curve explores the intricacies of blockchain fee markets, from their origins in Bitcoin to modern innovations like Ethereum's EIP-1559 and multidimensional fee markets. Mike is Joined by Pranav and Sam to dive deep into the challenges of balancing spam prevention and positive user experience by analyzing fee structures in major chains like Solana. They unpack the "fee market fallacy," fee burning debates, and using credits to shape desired user behaviors. This episode delivers a masterclass in the past, present and future of how blockchains price scarce resources.

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Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks.

Use the link below to learn more, and use BELL20 to get 20% off your ticket! Sign up now because the price goes up every month. See you there!

https://blockworks.co/event/digital-asset-summit-2024-london/home

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Resources

EIP-1559

https://eips.ethereum.org/EIPS/eip-1559

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Timestamps:

(0:00) Introduction

(2:58) What are Fee Markets?

(11:53) The Fee Debate

(22:44) EIP-1559 UX Upgrades

(34:57) DAS London Ad

(36:07) Burning Revenue to Miners

(44:17) State of Solana Fee Markets

(55:23) Potential Solution for Solana Fee Markets

(1:04:34) Multidimensional Fee Markets

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.