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170 - Burning MEV with Justin Drake and Dom
Bankless
The Benefits of Adding a Second Business Model to Blockchains
The value of an iPhone is worth more than sort of a commodity phone, right? So Apple sells really good phones and so they're able to charge a premium. That's why there's a premium on Ethereum block space. But what's also interesting is this idea of a second business model here. Second business model is contention. And you're kind of able to sell both of those products to the highest bidder. The way that we can quantify that is by just asking ourselves how much more burn would we have had we had MEV burn. We'd be burning on the order of 250,000 ETH per year. On top of that, we'd be saving 200 ETH that we wouldn't
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