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

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 29 June 2021

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero Conjure: https://conjure.finance 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 https://twitter.com/tayvano_/status/1397725861575421953 https://twitter.com/tayvano_/status/1408000351916093441 https://twitter.com/tayvano_/status/1407853518493413379 Actual proposal: https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md Research: http://timroughgarden.org/papers/eip1559.pdf Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hi everyone, welcome to Unchained, your no hype resource for all things crypto.
0:06.9	I'm your host, Laura Shin, a journalist with over two decades of experience.
0:10.7	A starter covering crypto is six years ago, and as a senior editor at Forbes,
0:14.6	was the first mainstream media reporter to cover cryptocurrency full-time.
0:18.0	This is the June 29th episode of Unchained.
0:21.6	Subscribe to my newsletter Unchained Daily for a daily five-minute dose of headlines, memes,
0:26.6	trends, and recommended reads in order to stay up-to-date in the crypto industry.
0:30.8	Head on over to UnchainedPodcast.com and the sign-up link will be right there.
0:34.8	You can also find the link in my Twitter bio.
0:37.6	The Crypto.com app lets you buy, earn, and spend crypto all in one place.
0:42.5	Earn up to 8.5% interest on your Bitcoin, and 14% interest on your stablecoins.
0:48.4	Paid weekly. Download the Crypto.com app and get $25 with the code Laura.
0:54.2	The link is in the description.
0:56.7	TASOS is smart money. That's redefining what it means to hold an exchange value
1:01.0	in a digitally connected world. Discover how people are reimagining the world around you on TASOS.
1:07.3	Conjure brings any asset you want onto Ethereum by allowing for users to create synthetic assets
1:12.0	which track other markets. With zero interest loans and unlimited assets,
1:16.0	it's helping DeFi to consume TradFi. That's C-O-N-J-U-R-E.Finance. Check it out.
1:23.2	Today's topic is EIP-1559. Here to discuss our Taylor Monahan,
1:27.9	founder and CEO of my crypto, and Tim Baker, Ethereum Foundation Core Dev Facilitator.
1:33.5	Welcome, Taylor and Tim. Thanks for having us.
1:36.4	So we're here to discuss this upcoming upgrade to the Ethereum network called Ethereum
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.