Welcome back to the Gwart Show! Today we are joined by James Prestwich, a OG Ethereum engineer and leader of @init4tech, an Ethereum research group. On the show, we dive back into Ethereum’s plight, beginning with the fundamentals. We start with a review of Ethereum’s origins, James’ mental model for ETH, why PBS is broken (and was from the start), if Rollups work and how we skipped sharding, Vitalik and more Vitalik, and what Solana really means for Ethereum.Follow our guest on Twitter: @_prestwichTimestamps:00:00 Start00:50 Jame's bio02:30 ETH's evolution06:08 Mental models for ETH08:40 How's ETH doing these days?13:05 Current Roll Up sequencers14:42 Other sequencer models20:48 Fixing PBS24:38 Not addressing known problems28:54 Current roll up landscape31:54 Macro & crypto32:48 Future of roll ups35:01 Real world impact40:22 Goals for ETH42:37 Consensus for ETH46:32 Vitalik 's bad decisions48:48 Vitalik from a tech perspective51:47 Hard & soft power in ETH ecosystem54:16 SOL vs ETH56:28 If SOL is better rails, what should ETH do?58:35 What are you optimistic about?👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

Welcome back to the Gwart Show! Today we are joined by Alex Watts, CEO and co-founder of Fastlane Labs. They discuss MEV, Ethereum's challenges, and UX. He explores the tensions between DeFi and traditional finance, the potential risks of stablecoins, and the need for crypto to focus on real-world outcomes beyond just decentralization.Follow our guest on Twitter: @ThogardPvPTimestamps:00:00 Start00:57 Alex's background01:35 Becoming a Seeker03:13 MEV opportunities04:56 Fastlane06:36 Polygon sidecar?09:36 MEV extraction12:01 Composability17:15 App Specific Sequencing on Solana22:41 End of the PBS experiment27:28 Fixing PBS29:50 Multiple concurrent proposers33:56 Effects of MPC39:59 ETH l1 fees43:37 Future of ETH L145:30 ETH as money50:21 Are l2s parasitic?52:33 ETH & hard truths56:31 Valuing blockchains based on MEV1:04:05 Validators: more than construct blocks1:05:34 Institutionalization of validators1:09:28 Future of blockchain activity👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

We’re rejoined by Mike Neuder, Ethereum researcher and general student of all things crypto-economics, to discuss the future of his bags, AKA Ethereum. We pick up on the conversation a lot of Twitter is having regarding Ethereum’s fraught future. Is it worth the marketcap? Can Solana flippen it? Is the FUD legit? We discuss on this week’s Gwart Show!Follow our guest on Twitter: @mikeneuderCHAPTERS00:00 Start01:01 ETH vibe check05:43 Vibes at ETH Foundation09:56 Make the L1 great again!12:57 Are roll-ups parasitic?17:58 Is Solana eating ETh's lunch?21:20 ETh as money vs utility token27:12 Is "store of value" important?34:21 Is staked ETH money?37:40 Is ETH's blockcpace "Premium"?49:13 ETH security budget decline1:05:25 ETH's monopoly on smart contract blockspace is slipping1:12:28 Unichain, what's that?1:16:45 Vitalik "Unichain makes no sense"1:21:34 Is Unichain good or bad for ETH?1:27:04 MEV1:32:34 Relay vs EPBS system1:35:35 Private order flow1:39:39 Collusion to sidestep PBS1:41:54 What's wrong w/ builders & validators colluding?1:46:30 The advantage of unstaked ETH👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

Kyle Samani of Multicoin Capital–a fund well known for its Solana bags and focus on DePIN–joins The Gwart Show! Today, we discuss Solana's potential to overtake Ethereum, the future of DeFi, token economics, and the emerging DePIN sector. We have some hot takes on Ethereum as a failed project, ultrasound money, etc. Also we talk about moats for dapps, wallets and infra (always infra…)Follow our guest on Twitter: @KyleSamani @multicoincap00:00 Start00:53 Breakpoint & Token impressions08:27 Bitcoin is nonsense10:12 Debt vs commodity money12:55 SOL / ETH flippening19:47 Arguments for ETH27:06 Valuing base on MEV33:50 NASDAQ on-chain34:38 Tokenized equities38:34 Future of ETH42:28 Ultrasound money meme48:17 Deflow, wallets & order flow52:56 Order flow and centralization1:02:57 SVM building L2s1:07:50 DePINs - Decentralized physical infrastructure networks1:13:50 Target prices of SOL/ETH flip1:21:56 Are there any moats for apps?👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

Welcome back to The Gwart Show!In today’s episode we are joined by the Alpen Labs team, a group of ZK dreamers working on SNARK-based verification of a second layer on top of Bitcoin. We hit all the big topics, like the current state of BitVM bridging, thoughts on sequencers, building a moat, Coinbase launching cBTC and EVM compatibility!Follow our guest on Twitter: @david_seroy @simanta_gautam00:00 Start00:31 Intro01:20 Current projects02:13 Applications on Bitcoin04:16 Bictoin L2 landscape10:36 Current state of BitVM bridges14:35 Learnings from EVM19:12 Bitcoin sequencers23:54 Unilateral exit31:31 Data availability35:41 Walled garden L2's41:28 Aplen's edge in the market?46:16 Privacy49:51 The wider L2 landscape58:25 Roll-up tokens1:01:11 Sequencer fees1:03:13 Coinbase launching wrapped BTC1:08:27 EVM compatibility👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

Adam Cochran–a familiar profil pic to anyone on crypto twitter-joins The Gwart Show! They tackle Ethereum's roadmap, DeFi’s PMF, TradFi boys joining the party and regulatory & political challenges. At the end, we get a nice pitch on why we should take Ethereum seriously (or not).Follow our guest on Twitter: @adamscochran00:00 Start01:18 Who's Adam Cochran?04:40 Don't get butt hurt06:09 Adam history09:23 Working on now?10:42 Unique investment profile12:47 ETH roadmap15:34 L1 vs L218:40 BASE roll-ups21:17 Non-financial Ethereum?24:11 All the ETH maxis please stand up25:51 Value in the L128:11 ETH's monetary premium31:21 Solana.... discuss....34:09 Solana apps35:35 Why Degen hate, bro?37:32 The failure of DeFi summer41:26 Bullish of what projects?44:12 Who Wins?45:49 Goldman will "follow fast" you dummies!48:22 Regulations51:19 Politics55:44 Shill me beneath the willow tree57:23 ETH/BTC chart1:00:43 Pitch me Ethereum1:02:10 ETH monetary properties1:04:33 Value ETH on earnings?1:08:22 Wrap up👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

Ludwig Thouvenin from Sorella discusses Ethereum MEV, Uniswap V4, and the launch of Brontes, an open-source MEV dashboard. He explores the complexities of DeFi liquidity, arbitrage strategies, and the future of Ethereum's protocol design, offering insights into the challenges and opportunities in the evolving crypto landscape.Follow our guest on Twitter: @SorellaLabs @0xvanbeethovenLink to the dashboard: https://t.co/tylzKFdetM00:00 Start00:57 What is Sorella?03:38 Types of MEV06:31 Confidence of MEV identification11:28 Assumption & discoveries19:10 Cross-chain MEV22:08 Large firm advantages24:41 Trading vs arbitraging26:26 Big builder landscape29:43 MEV accelerationist views?33:58 Private order flow35:18 Should users know about order flow?37:38 Angstrom DEX41:12 Uniswap 3 vs 442:52 Why doesn't Uniswap have this functionality?45:22 Why a hook, not an app?48:51 System architecture50:00 Slashing & node count50:45 Uniswap LPs, WTF?57:45 Permissionless capital formation1:00:43 Protocol design1:06:41 Foreseeable hazards1:10:21 Ethereum roadmap optimism👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

Gabe Shapiro, crypto lawyer and co-founder of MetaLeX Labs, joins The Gwart Show to discuss DeFi regulation, tokenized securities, and the future of crypto under Trump or Kamala.Follow our guest on Twitter: @lex_nodeChapters00:00 Start00:42 Gabe's background01:21 MetaLeX & Borgs04:16 Problems with DAOs09:40 Foundations vs corporations in DAOs15:03 Well run DAO examples18:06 The risks of tokens + equity21:53 Regulating conflicts of interest24:12 What don't lawyers understand?27:21 Liquid staking tokens30:39 Legalities of MEV36:25 Changing rules43:25 Governance attack vs code exploit48:19 People are the DAO attack vector54:41 Legal risks of single sequencers55:20 WTF is a tokenized security?59:50 Bearer asset laws1:02:46 Crypto corp structures1:07:51 World Liberty Financial1:09:54 Trump vs Harris crypto regulation1:14:37 Regulation = good? umm..1:18:50 Stablecoins1:21:50 Does USDC now control ETH roadmap?👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

Can you short real life? That’s the idea behind Futarchy. By applying financial logic and smart contracts to ordinary life, you can create prediction markets that help people create better decisions. Today Proph3t of MetaDAO joins the Gwart show to discuss what Futarchy is, how it relates to DAO governance for projects like DeFi, where the tokens are at and if traditional entrepreneurs could thrive in a world where DAOs run the ship.Follow our guest on Twitter:  @metaproph3tTimestamps:00:00 Start00:50 Profit's background01:51 What is futarchy?02:22 Problems with DeFi governance03:02 What projects need governance?06:14 How does MetaDAO work?07:25 Markets vs voting09:14 What issues should be decided by futarchy?11:15 Why markets know best?16:20 Would Steve Jobs survive futarchy?17:13 Does futarchy fix bad management?20:34 Are DAOs companies?22:09 Does futarchy always lead to NGU?23:00 What is the Meta token?24:26 Recent MetaDAO proposals25:54 $250k bet on recent proposal28:30 Why build on Solana?29:59 Solana culture31:19 Examples of novel ideas34:02 Professional DAOs37:21 Forking vs voting40:12 Open source protocols vs DOAs41:56 Tokens, tokens, everywhere47:58 Shareholder rights?51:28 It's all prediction markets55:01 Prediction markets a threat to democracy?58:38 Variables in social welfare👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

Welcome back to The Gwart Show! Today we tackle the hard problem of scaling with Rollups, among other conversations. We’re re-joinbed by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin, and Shinobi, an out-spoken Bitcoiner and technical editor at Bitcoin Magazine. Follow our guest on Twitter: @marediashehzan @brian_trollzTimestamps:00:00 Start02:12 L2s on Bitcoin05:10 Do fees & speed effect payment adoption?06:26 Why does lightning suck?11:06 Lightning failed experiment?12:21 Taproot assets on Lightning15:59 Should stablecoins be on L1?19:28 Stables are #1 use case21:12 Roll ups27:51 Why are devs interested in roll ups?30:27 What roll ups are ready today?36:26 Liquidity problems?37:49 Other roll up limitations?38:41 Roll up use case?41:04 Are roll ups just a sneaky block size increase?44:19 One roll up to rule them all45:41 Do roll ups scale execution on BTC?47:14 Single sequencer risk50:12 Is Lightning "connective tissue"?51:19 Unilateral exit in roll ups53:09 Upgrades in roll ups57:07 CATVM1:00:18 New OP codes & scaling1:06:58 Why will BTC expressivity be useful1:08:19 VC backed projects pushing new OP codes1:10:08 What is ARK?1:14:47 MEV on Bitcoin1:21:49 What roll ups will cause problems?1:23:46 What roll ups have traction?1:27:40 Are covenants on a deadline?1:29:16 What's interesting right now?1:30:12 The possibilities of eCash1:32:49 Is Austrian Economics dumb?👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media