The Main Negattive Externality

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The main negative externality is that when there is many, let say, arbitrage boats that would go after the same op arbitrate opportunity, only one of them will be able to take it. The implication of that is that the block chain ends up having lots of junck transactions, which don't do anything. And that's redundant computation. That's redundant storage. It's not great. Second one is that, due to m v, and again, m v creates these prioriti gas auctions, the bots end up paying exorbitant amount a in gas prices for including the transactions. And this ends up pushing up the average gas prices of the network. So in a way

Su is sitting out today, and I instead welcome Charlie Noyes and Georgios Konstantopoulos of Paradigm, one of the largest investment funds in crypto. We cover a lot of ground in this episode, including: How Paradigm can so consistently identify and back the category-defining protocols and companies in crypto MEV and how it can be mitigated, including some actionable advice on how you can avoid getting sandwich-attacked today The new features and remaining challenges of Uniswap v3 Paradigm’s thesis for Cosmos and why each blockchain should adopt the IBC protocol Whether Bitcoin's value proposition is still intact at a time where Bitcoin dominance is at an all-time low Our personal “wishlists” for Bitcoin improvement proposals, and whether Bitcoin will ever go to PoS Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/