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🎙 EIP-1559 | Hasu

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🎙 EIP-1559 | Hasu

How EIP-1559 Poses to Bring Economic Security to Ethereum

Ryan Sean Adams
and
David Hoffman
Mar 29, 2021
6
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🎙 EIP-1559 | Hasu

newsletter.banklesshq.com

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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.


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🎙 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.

Twitter avatar for @hasufl
Hasu @hasufl
Many "Ethereum killers" of 2021 remind me of the "Bitcoin killers" of 2015-2018. They still think winning is primarily about the tech.
10:28 AM ∙ Mar 15, 2021
923Likes85Retweets

Resources:

  • Uncommon Core Blog/Podcast

  • Derbit Insights

  • Hasu on Twitter

  • Some of Hasu’s Writings:

    • Analysis of EIP-1559

    • Guide to EIP-1559

    • Why Bitcoin might not survive a Bitcoin Standard

    • The future of money could be discretionary

    • Unpacking Bitcoin’s Social Contract

    • Evangelizing Bitcoin

  • EIP-1559 on the Horizon

  • The Bull Case for Cryptography


THIS WEEK ON BANKLESS:

  • 🗞️ Weekly Rollup (3/26)

  • 🧢 Weekly Action Recap (3/27)

  • 🦄 Alpha Leak | Uniswap V3 (3/23)

  • 🎙️ Ultra Sound Money | Justin Drake (3/22)

  • ❓ AMA | Chris Spadafora of Badger DAO (3/24)

  • 🏴 State of the Nation | David Grider (3/23)

  • ⚫ Token Thursday | The Best Yields on USD (3/25)

  • ✏️ Why ETH is the Best Money the World Has Ever Seen (4/24)

  • ⚒️ Tactic Tuesday | How to Automate Your Staking Rewards (3/23)

  • 📈 Market Monday | History of Ultra Sound Money (3/15)


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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.

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