Ep20: The Future of Fees
Leo Zhang, discusses fees & the commoditization of Bitcoin blockspace
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Show Notes
Alkimiya founder, Leo Zhang, discusses the past, present, and future of Bitcoin's fee market. Leo describes how Bitcoin's blockspace is undergoing commoditization, how it mirrors/differs from other commodities markets.
Follow our guest on Twitter: @Leozayaat @alkimiya_io
Follow our host: @cbspears
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00:00 - Intro
02:29 - The Vision of Alkimiya
07:06 - Future of Block Space Commoditization
10:10 - Comparison with Traditional Commodities Markets
13:19 - Impact of Ordinals and Mempool Sniping
15:03 - Physical vs. Synthetic Block Space
19:19 - Proposer-Builder Separation (PBS)
24:09 - The Future of Bitcoin's Fee Market
33:22 - State of Alkimiya and Future Plans
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