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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Jun 29, 2021

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