On The Brink with Castle Island
Leo Zhang (Alkimiya) on creating a market for Bitcoin blockspace (EP.542)
Jul 8, 2024
Leo Zhang, Founder of Alkimiya, discusses creating a market for Bitcoin blockspace, the evolution of Alkimiya, the decision to build on Base, Bitcoin season 2, and the effect of Bitcoin L2s on fees. They explore the cultural shift in Bitcoin, maximizing views, and the fee-transaction count feedback loop.
46:34
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Quick takeaways
- Alchemy introduces a Bitcoin fee exposure product to allow users to speculate on Bitcoin fees, offering stability and predictability.
- Alchemy aims to establish a block-based resource market with financial instruments for users to hedge against volatile fee structures.
Deep dives
Emergence of Bitcoin Fee Exposure Product
Alchemy introduces a Bitcoin fee exposure product to address the need for users to speculate on Bitcoin fees amidst potential fee increases or when looking to secure consistent pricing. Leo Zang, the founder, highlights the importance of this innovative market strategy and its role in the evolving blockchain dynamics.
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