Stefan Gosselin-co-founder at Flashbots and founder at OneBalance–joins The Gwart Show. We go through block builder centralization, Stephane's vision for Ethereum, properties of censorship resistance, censorship resistance, shared sequencers, and the future of Bitcoin L2s.Timestamps:00:00 Start00:32 Stephane’s background01:38 Beginning in Web304:59 Current projects06:15 Starting Frontier07:46 Infinite Games12:11 Centralization16:02 PBS design22:08 Global vs local consensus29:17 Censorship getting better?34:34 Are block builders price setters?37:09 One Balance41:31 Wallet based roll-up? WTF!44:55 Protocol design49:24 Shared sequencers52:48 Solvers55:45 Private order flow59:19 Solana grants & control1:01:30 Benefits of One Balance1:07:42 Bitcoin L21:12:29 10 yr crypto vision1:13:35 Wrap upFollow our guest on Twitter: @thegostepFollow our host: @gwartygwart👋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

Benedict Brady from Ergonia and Doug Colkitt from Ambient Finance join The Gwart Show, covering various aspects of decentralized finance (DeFi), high frequency trading (HFT), and automated market makers (AMMs). Follow our guests on Twitter: @0xdoug @bqbradyFollow Gwart and the podcast: @gwartygwart @blockspacepodTimestamps:00:00:30 Guest Introductions00:02:13 HFT, AMMs and CLOBs00:9:10 Improving the Ethereum L1 for apps 00:18:10 zkEVMs, validator and rollups 00:22:021 Trading on AMMs00:24:55 Why AMMs on Solana?00:35:03 MEV 00:40:00 Is ~any~ MEV illegal?00:47:16 Everything will run on AMMs? 00:52:55 Block builder centralization01:00:40 What if tradfi built blocks?01:02:08 Solana orderflow is a goldmine01:05:30 Stakeweight QS01:10:35 Memecoins

Walt Smith of Cyber Fund joins The Gwart Show, sharing his take on venture capital in the crypto–and specifically Bitcoin–space. He discusses the potential of Bitcoin rollups, the future of Ethereum, and the drama among crypto VCs. Walt also dives into the idea of merge mining as a scaling solution for Bitcoin and shares his thoughts on the end game of tokenization.Chapter Markers:00:00 Start01:22 Walt's background02:45 Working at Galaxy04:22 Major investments05:36 Restaking08:19 Multi-asset pool model10:55 Open infrastructure "free banking"13:47 Are DOAs dumb?20:24 Tokenizing equities26:32 Interest in Bitcoin29:50 ETH minimum viable issuance35:22 Lido DOA40:15 Restaking controversy44:11 VC cat fights50:04 Bitcoin season 253:04 Bitcoin L2 VC investments55:51 Merge mining Bitcoin58:22 Bitcoin covenants03:34 Attrition to L2 on Bitcoin08:28 BTC vs ETH in 10 years13:49 realistic growth projections17:03 Wrap upFollow our guest on Twitter: @waltjsmithFollow our host: @gwartygwart👋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! This week, Gwart sits down with Janus of the Bitcoin Layers team to discuss–well you probably get it. Still, they do go over Bitcoin sidechains, L2 approaches, tokens & dapps and what not on L2s , if this Zk thing makes sense, CatVM and more.Do we really want this and what do we want are frequently asked questions!Published weekly on Sunday afternoons, "The Gwart Show” gets to the bottom of crypto’s toughest topics.Timestamps:00:00 Start00:32 Janusz background02:32 Sidechains on Bitcoin06:29 New L2s?11:36 L2 approaches17:25 ETH vs BTC L2s19:00 Non-updateable contracts22:09 No receiving BTC on L2s without trust?23:02 L2 onboarding without L1?27:28 L2 product market fit?33:04 L2 app wish list37:34 VCs love shitcoining on Bitcoin40:21 L2s tokens, seriously?45:33 Decentralization & tokens49:59 L2 interoperability55:11 ZK tech & proof verification58:43 Forking bitcoin03:30 CATVM05:14 WTF do we REALLY want?10:20 MEV on L2s18:07 Direct L2 onboarding21:31 Wen stablecoins on BTC?26:35 Gradual dedollarization please!28:12 Wrap upThis show is produced by Blockspace.media

Welcome back to The Gwart Show! This week, Job Charbonneau of crypto venture fund DBA joins Gwart to discuss Ethereum's issuance debate, centralization of stake, roll-ups vs. Solana, the future of DeFi on Bitcoin, solving MEV, crypto's VC landscape shifts, and key insights from his recent Research Day event. Follow our guest on Twitter: @jon_charbFollow our host: @gwartygwart👋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.Timestamps:00:00 Start00:45 Jon's background01:19 Research Day03:21 Favorite Research Day talk06:07 Current VC crypto landscape10:54 Wen Uncommon Core?11:46 Why ETH issuance changes?14:13 Why mess around with issuance?17:43 Concentration of stake19:05 Economic security22:03 Appreciating proof of work24:43 We knew this would happen!27:46 Restaking34:43 Restaking predictions37:00 MEV & order-flow40:52 Why does this taste like a sandwich?45:32 Should we seek to fix MEV?48:02 MEV proposals51:06 Rollup problems56:28 Rollup interoperability dreams1:00:50 Solana1:04:07 Defi Questions or want to sponsor? hello@blockspace.media

Welcome back to The Gwart Show! This week, Colluding Node from the Celestia joins Gwart to unravel the mystery of memecoins, stablecoins, governance tokens, Ethereum scaling via grifters and how Celestia works under the hood. Gwart and C-Node talk about like 20+ blockchains in this podcast so it probably has something for everyone.Follow our guest on Twitter: @colludingnodeFollow our host: @gwartygwart👋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.Timestamps:00:00:00 Start01:29:09 What are blockchains good for?02:29:16 Evolving understanding of blockchains05:34:17 Bullish ETH?08:37:21 The future of DeFi10:50:08 DeFi privacy14:20:12 Are meme coins the final boss of stupid?15:54:19 Permissionless18:39:19 Are lobbyists focusing on the right things?21:44:16 Are lobbyists serving plebs or companies?24:03:17 Companies don't care about P2P tnxs25:52:17 Centralized stablecoins28:30:16 Stablecoins > Crypto?30:06:02 Money separated from state31:52:28 Maker DAI34:12:29 Governance tokens37:24:02 No governance not MORE governance40:00:10 ETH scaling w/ grifters41:45:11 Solution to confusing scaling?43:54:01 Solana reservations47:14:14 Solana nodes48:50:25 Celestia light clients50:51:19 Light clients & trust assumptions52:27:21 Celestia's vision?54:25:07 Sovereign roll ups on Celestia56:34:11 Appchains?57:28:08 Defi interoperabilityQuestions or want to sponsor? hello@blockspace.media

Dean Eigenmann, a Miner Extractable Value (MEV) searcher, joins The Gwart Show to give an insiders look into the MeV landscape, strategies, decentralization challenges, and regulatory concerns. He discusses key differences between Ethereum and Binance Smart Chain, DeFi's future, L2 developments, and offers a critique of Bitcoin.00:00 Start01:23 Dean intro02:16 MEV = Oligopoly03:19 Builder centralization on ETH04:36 PBS design05:53 Enshrined PBS07:32 Atomic strategies & inventory risk09:02 Censorship10:29 Censorship & geographic distribution12:46 MEV on BSC13:43 MEV developer crossover13:59 What chains do they do?14:49 MEV on Solana15:42 Faster chain = less MEV?16:46 MEV on L2's?17:46 Shared sequencing20:06 Intents22:17 Operating at a loss23:52 AMM execution24:52 Define MEV?25:13 Is sandwiching bad still?26:57 Private relays28:05 Can you prevent private relays?29:11 Is there a way to promote geographic distribution?30:48 Is MEV like High feq trading?32:06 Timing games33:12 SEP of BSC33:38 MEV searchers on the downlow35:39 Legal aspects of MEV36:30 Sandwiching illegal?39:49 Regulating builders40:31 OFAC transactions41:41 Encrypted mempools43:11 Ideology45:15 What's missing45:58 Restaking46:42 Rollups good?47:39 Bullish L2's?49:06 ETH L1 innovation49:57 Thoughts on Solana?50:56 BSC happenings?52:31 Bitcoin sucksFollow our guest on Twitter: @DeanEigenmannFollow our host: @gwartygwart👋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

Allen Farrington, co-founder of Axiom, discusses Bitcoin scaling, the role of venture capital in Bitcoin's ecosystem, his thoughts on DeFi, NFTs, and stablecoins, and the potential for Bitcoin to supplant fiat money. He also shares his insights on the ordinals debate and the future of Bitcoin infrastructure.00:00:00 Start00:00:32 Allen intro00:01:22 Allen's background00:06:30 Investing in public Bitcoin companies00:10:44 Axiom00:13:26 What wrong with DeFi00:20:38 How does Axiom decide what to invest in00:24:11 Lightning gaming00:28:49 Criticisms of lightning00:33:02 Do L2s have to have trust tradeoffs?00:36:00 Will BTC kill fiat?00:38:52 How is Axiom NOT like other VCs?00:42:23 Are tokens always silly?00:48:56 Stablecoins00:53:06 Are stablecoins doomed?00:57:56 People want centralized stablecoins00:59:42 What is DLCVM?01:06:25 Rollups01:10:47 Companies must ROI01:19:20 Ordinals01:27:25 The circular logic of scams01:38:56 Wrap upFollow our guest on Twitter: @allenf32Follow our host: @gwartygwart👋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

In this podcast, Tarun shares his insights on ZK technology, DeFi governance, PoW vs PoS, Bitcoin L2s, and more. He discusses the challenges of marketing ZK tech, the importance of dynamic availability in PoW, and the potential for Bitcoin to adopt new opcodes. Tarun also shares his thoughts on the future of DeFi and the crypto industry as a whole.Follow our guest on Twitter: @tarunchitraFollow our host: @gwartygwart👋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.Chapter Markers:00:00:00 Start00:01:44 Tarun's background00:02:04 Uniswap SEC case00:04:47 Tarun's current focus00:09:17 ZK tech's appeal00:14:38 ZK tech applications00:18:48 Solana fees & networking00:25:44 State of DeFi governance00:30:32 PoW vs PoS debate00:40:31 Token voting & centralization00:44:55 Token governance issues00:49:55 PoW as better money00:57:58 PoS issuance & staking01:03:40 PoS & rational agents01:09:11 ETF impact on staking01:15:59 Tarun on Bitcoin L2 Alpen01:18:54 Bitcoin ready for L2 tech?01:21:03 OP_CTV & political will01:22:46 Ideal Bitcoin L2 tech01:25:02 Bitcoin Covenants (OP_CAT)Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media

Welcome back! In Part 2 of The Gwart Show, Alex B shares his insights on Bitcoin, Ethereum, and the broader crypto landscape. He discusses the flaws in Ethereum's proof of stake model, the cult-like phenomena in crypto, the reality of the Lightning Network, and the centralization concerns in DeFi. Alex also touches on the necessity of stablecoins and the constant innovation in crypto tech.Published weekly on Sunday afternoons, "The Gwart Show” gets to the bottom of crypto’s toughest topics.Chapter Markers:00:00:00 Start00:00:03 Intro00:02:44 Anything interesting in crypto?00:15:50 Ethereum's proof of stake00:23:48 Alex's Ethereum predictions00:34:33 Ethereum staking derivatives00:38:50 Bitcoin DLCs & lending00:44:27 Decentralized finance challenges00:48:30 Open source vs liquidity00:53:42 Lightning Network marketing00:59:27 Lightning elegant but limited01:03:39 Stablecoins on LightningThis show is produced by Blockspace.media