The Usin Experience of Transaction Fees

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Sol: It's always inevitable that a chain like atherium, er converges into one direction. So you can't respect the wishes of everyone. I think there will be a strong incentive for me to use something like em a cosmos or pokadot. But circling back mto what one, five, five nine means for ap developer, sol,. i wanted to talk a little bit about the useth experience of transaction fees.

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.