Mar 29, 2021
Hasu is a pioneer and thought leader in the world of cryptoeconomic research.
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.
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🎙️Bankless Podcast Episode #58: EIP-1559
March 29th, 2021
Guest: Hasu
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 conceptualizes this multi-faceted cryptoeconomic system.
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RESOURCES:
Uncommon Core Blog/Podcast:
https://uncommoncore.co/
Derbit Insights:
https://insights.deribit.com/market-research/
Hasu on Twitter:
https://twitter.com/hasufl?s=20
Some of Hasu’s Writings:
-Analysis of EIP-1559
https://insights.deribit.com/market-research/analysis-of-eip-1559/
-Guide to EIP-1559 https://uncommoncore.co/eip-1559/
-The future of money
https://insights.deribit.com/market-research/the-future-of-money-could-be-discretionary/
EIP-1559 on the Horizon
https://newsletter.banklesshq.com/p/eip-1559-on-the-horizon-market-monday-37f
The Bull Case for Cryptography
https://shows.banklesshq.com/p/-moon-math-the-bull-case-for-cryptography
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Not financial or tax advice. This channel is strictly educational
and is not investment advice or a solicitation to buy or sell any
assets or to make any financial decisions. This video 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:
https://newsletter.banklesshq.com/p/bankless-disclosures