Ep20: The Future of Fees

Alkimiya founder, Leo Zhang, discusses the past, present, and future of Bitcoin's fee market. Leo describes how Bitcoin's blockspace is undergoing commoditization, how it mirrors/differs from other commodities markets.

Follow our guest on Twitter: @Leozayaat @alkimiya_io

Follow our host: @cbspears

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00:00 - Intro

02:29 - The Vision of Alkimiya

07:06 - Future of Block Space Commoditization

10:10 - Comparison with Traditional Commodities Markets

13:19 - Impact of Ordinals and Mempool Sniping

15:03 - Physical vs. Synthetic Block Space

19:19 - Proposer-Builder Separation (PBS)

24:09 - The Future of Bitcoin's Fee Market

33:22 - State of Alkimiya and Future Plans