Bankless EIP1559 SmartCon Panel | DC Investor, SquishChaos, James Wang
Aug 12, 2021
Join James Wang, Head of Tokens at Amun and former ARK Invest analyst, and DC Investor, a veteran Ethereum advocate and NFT collector. They delve into the revolutionary EIP-1559, discussing its role in reshaping Ethereum as a global software platform. The conversation touches on skepticism surrounding the upgrade, Ethereum's unique advantages over Bitcoin, and the impact of NFTs on gas prices. They also share personal tales of how Ethereum significantly influenced their lives and careers, highlighting the thrilling potential of this ever-evolving ecosystem.
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EIP-1559's Significance
- EIP-1559 is a pivotal moment in Ethereum's history, comparable to the DAO fork, EIP-999 rejection, and ProgPow rejection.
- It signifies a positive feedback loop where Ethereum usage increases Ether's value.
Ethereum's Early Stage
- Ethereum is in its early stages of development, similar to AWS's beginnings as a storage platform.
- EIP-1559 optimizes ETH1, but true scaling requires ETH2 and building more applications.
Ethereum's Pivotal Juncture
- Ethereum is at a crucial juncture with key developments in security, scalability, user experience, infrastructure, and adoption.
- EIP-1559 enhances user experience, but the merge, layer twos, and NFTs are also driving adoption.