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
Ethereum is getting yet another economic upgrade! The scarcity engine is getting a massive level up with the advent of the MEV Burn.
With Justin Drake and Domothy, they walk us through the research and reasoning behind this next upgrade
Just when we thought we couldn’t get any more bullish…
0:00 Intro 7:00 What is MEV? 13:30 MEV is Subjective 17:15 The Oil Analogy 21:15 The Benefits of Smoothing 28:35 Builders and Proposers 38:45 Forced Centralization 44:35 Rug Pool Protection 48:30 Distribution 58:20 Pros of Burning 1:05:15 Burning on Overdrive 1:09:30 Does this Hurt Stakers? 1:13:55 Too Deflationary? 1:23:30 Monetary Premium 1:28:15 EIP-4844 1:31:00 The Engine 1:35:50 Wen?
---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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