Episode 250

Ethereum's EIP-1559 Will Solve Some Problems But Big Ones Will Remain - Ep.250

Taylor Monahan, CEO of MyCrypto, and Tim Beiko, Ethereum Foundation core-dev facilitator, discuss the upcoming upgrade to the Ethereum network, EIP 1559. Show highlights: why Tim believes EIP 1559 is necessary what narrative is driving EIP 1559 what...

Unchained

June 29, 20211h 13m

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Show Notes

Taylor Monahan, CEO of MyCrypto, and Tim Beiko, Ethereum Foundation core-dev facilitator, discuss the upcoming upgrade to the Ethereum network, EIP 1559. Show highlights:

why Tim believes EIP 1559 is necessary
what narrative is driving EIP 1559
what problems the network upgrade will solve
how Ethereum transactions/fees work
whether gas prices are correlated with ETH/USD
the 3 main protocol changes that EIP 1559 proposes
why Taylor, as the CEO of a wallet provider, is wary of EIP 1559
how EIP 1559 will affect Ethereum’s block size
what changes wallet providers are considering due to EIP 1559
whether ‘Black Swan’ events will be more or less likely after the network upgrade
how EIP 1559 will affect miners
whether Tim or Taylor believes that miners could fork Ethereum to stop EIP 1559
how EIP 1559 will change the state of miner extractable value (MEV)
how Taylor and Tim feel about the Ethereum as sound money narrative in light of EIP 1559
when EIP 1559 will go live

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Episode Links

Taylor Monahan

Twitter: https://twitter.com/tayvano_
MyCrypto: https://mycrypto.com/

Tim Beiko

Twitter: https://twitter.com/TimBeiko
Ethereum Foundation: https://ethereum.org/en/foundation/

EIP 1559

Resources: https://hackmd.io/@timbeiko/1559-resources
Taylor Monahan tweets
Actual proposal: https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md
Research: http://timroughgarden.org/papers/eip1559.pdf

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