RT CoinDesk Podcast Network (@CoinDeskPodcast)Blockspace Pod w/ @RyanTheGentry: "I don't really think we need to go overboard in proving that Bitcoin works and has value. I think it stands on its own now at this point... The burden is on you for why you've been wrong for 15 years," in partnership with @blockspace!We discuss:⚡ IPO oversubscribed, upsized to $220 million⚡ BTC Lending very attractive⚡ Square used by 28% of US merchants👇🇨🇦⤵️ 🍕 ...

Blockchain Technology & Market Perspective - The author expresses strong disagreement with the idea of blockspace being a commodity in 2025, suggesting a fundamental misunderstanding of blockchain technology [1] - The author implies that viewing blockspace as a commodity is "nonsense" [1] Individuals & Projects - The author questions the credibility or knowledge of the founder of xpl/plasma regarding blockchain technology [1]

Technology & Innovation - The report highlights the concept of "infinite blockspace" [1]

Market Dynamics & Growth - Crypto's interconnected financial network drives speculation and reflexivity, leading to exponential capital attraction [1] - This self-reinforcing network effect differs from traditional social networks due to its intrinsic reflexivity [1] - The industry anticipates approximately 7 more years of non-linear cyclic growth in the tech sector [1] - A single application can rapidly transform established perceptions within the crypto space [1] Valuation & Competitive Landscape - Blockspace is not a commodity [2] - Ethereum possesses a significant competitive advantage (moat) [2] - Solana also has a competitive advantage, albeit smaller than Ethereum's [2] - Solana has the potential to rapidly alter its competitive position in either direction [2] - Most blockchains are currently overvalued [2] - Some blockchains are significantly undervalued [2] - Valuing crypto networks solely based on traditional finance (TradFi) companies is useful but incomplete [2]

Market Dynamics & Growth Potential - Crypto is a highly connected and speculative financial network, experiencing rapid capital attraction due to its reflexive nature [1] - This network effect is self-reinforcing, exhibiting significant reflexivity [1] - The industry anticipates approximately 7 more years of non-linear cyclic growth in the tech sector [1] Valuation & Competitive Landscape - Blockspace is not a commodity [2] - Ethereum possesses a significant competitive advantage (moat) [2] - Solana also has a competitive advantage, albeit smaller than Ethereum's [2] - Solana has the potential to rapidly alter its competitive position [2] - Many chains are currently overvalued, while some are significantly undervalued [2] - Valuing crypto networks solely based on traditional finance (TradFi) companies is useful but incomplete [2] - NVDA added the equivalent of 260% of Solana's (SOL) market capitalization in a single trading period [1]

Blockspace Characteristics - The assertion that "blockspace is a commodity" is considered intellectually lazy and empirically false [1] - Performing finance on Ethereum is substantively different from doing it on Dogechain [1]

Demands - The market demands privacy [1] - The market demands blockspace [1] - The market demands Avalanche [1]

Market Overview - Stablecoins are considered crypto's first truly viral product [1] - Stablecoins are used by consumers, businesses, banks, and governments [1] - Every stablecoin transaction drives demand for blockspace [1]

Industry Overview - Stablecoins are considered crypto's first truly viral product [1] - Stablecoins are used by consumers, businesses, banks, and governments [1] Market Dynamics - Every stablecoin transaction drives demand for blockspace [1]

Blockchain Scalability Challenges - Blockchains need to evolve beyond simply adding more capacity, focusing on efficient blockspace scheduling and allocation [1] - Current economic security models in many blockchains are overpaid, with resources wasted on producing empty blocks before demand exists [1] - Demand spikes lead to fee spikes, causing user drop-off, as seen with Ethereum NFT mania ($3,000 per transaction) and Bitcoin Ordinals [2] Elastic Scaling Solutions - Cloud infrastructure's elastic scaling, which scales up during demand surges and down when demand decreases, offers a solution for blockchain scalability [2] - Polkadot's execution cores and Agile Coretime allow for real-time reassignment and on-demand renting of blockspace [2] - Elastic scaling enables spinning up a chain for short-term events, similar to cloud computing principles [3] Approaches to Dynamic Blockspace Management - Solana uses dynamic block limits and QUIC/Agave for burst handling [4] - Avalanche subnets allow for spinning up new network space [4] - NEAR Nightshade shards more as traffic increases [4] - Ethereum Layer 2 solutions batch more transactions or compress them better [4]