Exploring Miner Extractable Value (MEV) in Bitcoin Mining

Walt Smith of cyber.fund joins me to discuss thoughts on MEV and where it may be going on Bitcoin. 

We discuss:

• Defining MEV

• 10 minute block time?

• Does it centralise Bitcoin?

• Suffering from success

• The approach on shitcoins and spam

Timestamps:

(00:00) - Intro 

(02:02) - Defining MEV

(06:02) - Replace-by-fee (RBF)

(11:01) - Concern regarding miner centralisation 

(18:56) - Growth of private mempool flow & MEV potential?

(24:55) - Are mining pools transparent with fee payouts?

(27:01) - Expressivity on Bitcoin 

(31:21) - Sponsors

(35:24) - Does the 10 minute block time mitigate MEV?

(40:27) - Is Bitcoin more than ‘money’?

(46:05) - Fake L2's on Bitcoin

(51:24) - Does MEV lead to miner centralisation? 

(56:15) - Closing thoughts on MEV

Links:

• X: @waltjsmith

• X: @cyberFund_

• Site: cyber.fund

• Article: The Spectre of MEV on Bitcoin

Sponsors:

• Swan.com (code LIVERA)

• CoinKite.com (code LIVERA)

• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera

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