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

Tim Beiko

EIP 1559