🎙 EIP-1559 | Hasu

How EIP-1559 Poses to Bring Economic Security to Ethereum

Get access to Market Mondaysearly podcast episodes, the Bankless Badge, and more.

Get on the Bankless Program


Hasu is a pioneer and thought leader in the world of cryptoeconomic research. This week, he joins the Bankless Podcast for the second time. Our last episode with him, Defi vs. Banks, can be found here.

He is a rare voice in crypto, unafraid to speak his mind and break ranks with both Ethereans and Bitcoiners. His takes were often varied and elusive… until the EIP-1559 proposal. Dive in to learn what changed his mind.


🎙️ NEW PODCAST EPISODE

Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed


👀 Want to hear Ryan & David’s after-the-podcast conversation? Full subscribers get access to the raw, unfiltered debrief conversation recorded directly after the episode.

Get the Debrief!


Go Bankless with these sponsor tools:

⭐️ AAVE | BORROW OR LEND YOUR ASSETS
https://bankless.cc/aave​

🚀 GEMINI | MOST TRUSTED EXCHANGE AND ONRAMP
https://bankless.cc/go-gemini​

💳 MONOLITH | GET THE HOLY GRAIL OF BANKLESS VISA CARDS
https://bankless.cc/monolith​

📱 DHARMA | MOBILE ONRAMP DIRECTLY INTO DEFI
https://bankless.cc/dharma


🎙 Bankless Episode #58: EIP-1559

Guest: Hasu

March 29, 2021

Hasu is a renowned pseudonymous researcher in the cryptoeconomic space, and we have been long impressed by his clear, sober ideas. In his second appearance on the pod, we dive deeply into EIP-1559, covering its technicals but also the social & cultural implications of the proposal.

When it comes to the field of cryptoeconomics, Hasu is most compelled by research on establishing and maintening economic security. EIP-1559 embodies these concepts through its transaction fee dynamics, regulation of gas prices, and novel mechanisms for users to buy transactions on the network.

Properly incentivizing validators to come to consensus is necessary for a cryptoeconomically secure platform. EIP-1559 aims to accomplish this by regulating the consumption of resources on the network, fixing the price of gas on a block while allowing its quantity to float.

The changes under EIP-1559 allow Ethereum to incentivize its deflationary mechanism, mitigate Miner Extracted Value (MEV), and improve the user experience for individuals transacting on the Ethereum network. Tune in as Hasu's refreshing and credible perspective helps to conceptualize this multi-faceted cryptoeconomic system.


Resources:


THIS WEEK ON BANKLESS:


🏴 JOIN THE NATION 🏴

Subscribe: Newsletter | iTunes | Spotify | YouTube | RSS Feed

Follow: Twitter | Instagram | Reddit | TikTok | Facebook


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.