Bankless

66 - Crypto’s Existential Threat | MEV Panel: Phil Daian, Georgios Konstanopolus, Charlie Noyes

May 24, 2021
Phil Daian, a leading researcher and software engineer behind Flashbots, joins Georgios Konstantopoulos and Charlie Noyes, both partners at Paradigm, to tackle the critical topic of Miner Extractable Value (MEV). They explore how MEV poses threats to blockchain security and user experience, discussing the implications of transaction ordering manipulation. The trio dives into innovative solutions, the evolving landscape post-ETH2, and the ethical responsibilities within the crypto industry, igniting a philosophical debate about the future of decentralized finance.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

MEV: A Unifying Concept

  • MEV is a critical, unifying concept in cryptocurrency.
  • It encompasses software security, financial arbitrage, and system design.
INSIGHT

MEV as an Internal Threat

  • MEV is an internal and unbounded threat to blockchains.
  • It arises from the temporary "God mode" of block proposers.
INSIGHT

MEV as Security Budget

  • MEV can be a source of security budget funding.
  • Blockchains without block rewards could use MEV for security.
Get the Snipd Podcast app to discover more snips from this episode
Get the app