Uncommon Core 2.0

EIP-1559 - with Su Zhu and Hasu

Jun 16, 2020

48:58

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Highlights

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Episode notes

Bitcoin

03:37

Cosmos or Pokadot?

02:17

Do You Think the Idea of a Dap on a Theoriem Is Flawed?

02:49

Introduction

3min

Ethereum Security

3min

Prog Po

5min

Is the Miner's Right to Get the Transaction Fees?

2min

Bitcoin

4min

Do You Wish Bitcoin Would Have Been Invented Differently?

6min

Do You Think That the Larger Blocks Supporters Would Have Had Better Proposals?

3min

Cryptocurrency Layer Twos

6min

Do You Think the Idea of a Dap on a Theoriem Is Flawed?

3min

10.

Cosmos or Pokadot?

2min

11.

The Usin Experience of Transaction Fees

2min

12.

The Block Space Market Turns Into a Binary Decision

6min

13.

Oracle for Chain Congestion?

2min

14.

I Think It's a Great Way to Move the Overton Window

2min

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.