Leo Zhang (Alkimiya) on creating a market for Bitcoin blockspace (EP.542)

Bullish:

• $BITCOIN FEES - Discussing the growing demand and interest in Bitcoin fees as more mature businesses move on-chain.

  • “I think fees are the most interesting, because this is an experience that affects everybody, every end user... the demand for this type of instrument is growing very, very fast as more mature businesses are starting to become entirely on chain.”

    Leo·0:00

  • “I think there's a lot of reasons why consumers of blockspace might wanna take a view on Bitcoin fees... This is a market that I think needs to exist, and I'm glad that Alchemy is doing it.”

    Nick·0:00

  • “I think the core points in that blog post still ring true... especially for something like crypto where there's a lot of mercenary interest for specific ecosystems.”

    Leo·0:00

  • “I think the people who were really, who talked about it or pushed out because they're, you know, marked as concerned crows, or idiots... I think the underlying theme is exactly what the Fred Wilson article talked about.”

    Leo·0:00

  • “I think the moral of the story there is that it's very difficult to create this kind of physical settle physically settled block space... I think synthetics approach is much more reasonable.”

    Leo·0:00