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.