Bitcoin Miner Incentives and the Concerns of Out-of-Band Transactions

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EPISODE: 95
BLOCK: 781708
PRICE: 3593 sats per dollar
TOPICS: Mempools, Miner Extracted Value, Free Markets, Out of Band Payments, Mining Centralization

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(00:05:20) Mempools never clearing

(00:15:30) Bitcoin mining incentives

(00:23:29) Minor extracted value (MEV)

(00:46:36) NFT sale and block entry

(00:48:00) Auction process and fees

(01:03:13) Outbound payments and miner centralization

(01:30:26) Discussion about the ViaBTC block and allegations of foul play

(01:32:00) Explanation of selfish mining and spy mining

(01:43:14) Mitigation strategies for potential mining shenanigans

(01:56:52) Discussion on the decentralization of the mining industry