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 BitcoinSu 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.