The main reason why you would want to use an ept chain, rihttet, that's what it's called, is em. It's the governance, right? So, if you have a dap ten, you of course, won't like the chain to workin a way that's, that's good for your business model. Doest make some sense? I guess i'd like to hear your thoughts onsert of the thea sort of cosmos or pokadot, kind of a rbottle to that, which is to say, you know, should shouldsort of diaps be living on their own chains, ah, and then sort of have
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.