The Parallels to EIP-159

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EIP-159 enshrined Ether as the enforced unit of currency to pay for transactions in Ethereum block space. The same idea with MEV Burn is just to impose this contention pricing on everyone, including blood builders and proposers. And governments love, want all economic activity to be in the light. There's black market activity, there's side dealings,. There's untaxed economic activity, or not untaxable, but Untaxed Economic Activity (TEA) In every single part of the world. We can extend that functionality to enforcing economic activity to also be known and quantified and verified on chain.

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…

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------ Topics Covered

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?

——— Resources:

Justin Drake: https://twitter.com/drakefjustin?s=20

Dom: https://twitter.com/domothy?s=20

Hildobby's Dune Board: https://dune.com/hildobby/eth2-staking

Ultrasound.Money: https://ultrasound.money/

------ Related Episodes:

EIP-1559: https://www.bankless.com/-eip-1559-hasu https://www.bankless.com/-eip-1559-expert-panel-tim-beiko

MEV: https://www.bankless.com/-cryptos-existential-threat-mev-panel https://www.bankless.com/125-matt-cutler

Ultra Sound Money: https://www.bankless.com/-sotn-44-modeling-ultra-sound-money https://www.bankless.com/-ultra-sound-money-justin-drake https://www.bankless.com/-moon-math-the-bull-case-for-cryptography

Justin Drake: https://www.bankless.com/134-ethereum-unsensored-with-justin https://www.bankless.com/shanghai-capella-eth-staking-withdrawals-with-tim-beiko-justin-drake-and-anthony-sassano https://www.bankless.com/150-bull-case-for-ethereum-iv-with-justin-drake-dcinvestor-anthony-sassano https://www.bankless.com/devcon-2-justin-drake https://www.bankless.com/15-bad-eth-takes-with-justin-drake https://www.bankless.com/the-pow-vs-pos-debate-lyn-alden-and https://www.bankless.com/-layer-zero-justin-drake

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