Support the show, consider donating: 16LVjxWGTbQuTV7Nxmpa1gCSfidbPpa71S (http://bit.ly/2me3j6i) With both the Bitcoin Unlimited and Segregated Witness efforts far from reaching majority support and exploding transaction fees, the debate around how to scale Bitcoin continues on. One of the key arguments against bigger blocks and Bitcoin Unlimited is that a blocksize restriction is needed to create a healthy fee market. Dr Peter Rizun has been researching the economics of transaction fees in Bitcoin extensively and joined us to discuss what dynamics affect fees and why he thinks the blocksize limit will eventually fall. Topics discussed in this episode:Bitcoin seen through the eyes of a physicistThe dynamics that determine transaction fees in BitcoinHow orphaning risks drive the fee market economicsThe relationship between the block reward and the fee marketWhy the blocksize limit will eventually fallWhy Peter supports Bitcoin UnlimitedThe state of discussion between Bitcoin Core and Bitcoin Unlimited Links mentioned in this episode: Dr. Peter Rizun's talk at Scaling Bitcoin Montreal 2015Dr. Peter Rizun: "A Transaction Fee Market Exists Without a Block Size Limit"XT Nodes - Bitcoin Hashrate DistributionBitco.in ForumLedger - Peer-Reviewed Journal on Cryptocurrency and Blockchain Sponsors: Jaxx: Wallets that Unify the Blockchain Experience Across Devices - http://jaxx.ioLedger: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EPICENTER - http://ledgerwallet.com This episode is also available on :Epicenter.tvYouTubeSouncloud Watch or listen, Epicenter is available wherever you get your podcasts. Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.