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.
