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.
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- Source: https://podcasters.spotify.com/pod/show/uncommoncore/episodes/EIP-1559—with-Su-Zhu-and-Hasu-eff92b
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