
36 - The DeFi Blockspace Cycle | Nic Carter
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<p>🚀 SUBSCRIBE TO NEWSLETTER: <a href= "http://bankless.substack.com/">http://bankless.substack.com/</a><br /> <br /> ✊ STARTING GUIDE BANKLESS: <a href= "https://bit.ly/37Q17uI">https://bit.ly/37Q17uI</a><br /> <br /> ❤️ JOIN PRIVATE DISCORD: <a href= "https://bit.ly/2UVI10O">https://bit.ly/2UVI10O</a><br /> <br /> 🎙️ SUBSCRIBE TO PODCAST: <a href= "http://podcast.banklesshq.com/">http://podcast.banklesshq.com/</a><br /> <br /> 👕 BUY BANKLESS TEE: <a href= "https://merch.banklesshq.com/">https://merch.banklesshq.com/</a><br /> -----</p> <p>GO BANKLESS WITH THESE SPONSOR TOOLS:</p> <p>🌐 UNSTOPPABLE DOMAINS - HUMAN READABLE ETHEREUM & CRYPTO ADDRESSES <a href= "https://bankless.cc/unstoppable">https://bankless.cc/unstoppable</a></p> <p>🌈 ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI <a href= "http://bankless.cc/zapper">http://bankless.cc/zapper</a></p> <p>💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS <a href= "https://bankless.cc/monolith">https://bankless.cc/monolith</a></p> <p>🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU <a href= "http://bankless.cc/yearn">http://bankless.cc/yearn</a></p> <p>------</p> <p>36 - The DeFi Blockspace Cycle | Nic Carter</p> <p>Nic Carter recently released an article titled "Public Blockchain Fee Cyclicality and Negative Feedback Loops"...</p> <p>... simplified "transaction fees get higher, and that incentives people transact less, and then that lowers transaction fees and that incentives people to transact more"</p> <p>According to Nic, there's no equilibrium found upon public blockchains with inflexible block size; the demand to purchase blockspace will always be volatile, across all time frames.</p> <p>Another perspective: constraints on blockspace availability dramatically impacts the kind of usage that is feasible to happen on the base-layer blockchain.</p> <p>Transactors who are transacting large transactions will pay for higher fees! This severely impacts the markets that are supported by public blockchains! Constraints on block space are constraints