The Risk of Block Centralization

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Stephanie: I think block builder centralization is one of the big open questions of amily in general. How much does the natural economic forces of m v lead towards a single entities being a sort of winner tickle in this system? And how can you prevent these entities from having negative impact, if they do emerge, having a negative impact on the rest of the system? She says social norms come into play and actually play a very big role in picking between these two futures.

Listen to conversations between two veterans of the crypto industry: Su Zhu, CEO and CIO of Three Arrows Capital, and Hasu, Strategy lead at Flashbots. Exploring the big ideas in crypto from first principles.

In this episode, Hasu continues the conversation with Danny Ryan and Tim Beiko, two researchers from the Ethereum Foundation. The three are joined by Stephane Gosselin, co-founder of Flashbots, who makes his podcast debut and stands in as Hasu's co-host.

Together, they discuss:

MEV before and after the Merge
mev-boost and proposer-builder-separation (PBS)
The rise of liquid staking pools
Whether Lido should cap its own growth
How the Ethereum Foundation sees its role in interacting with very "protocol-adjacent" projects like Flashbots + Lido

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