The Gwart Show | Blockspace Media

Welcome back to The Gwart Show! We’re re-joined by Max Resnick (@MaxResnick1) of the Special Mechanisms Group (@specialmech) to discuss Ethereum's potential shift towards faster block times and multi-proposer systems. He explores the implications for L2s, MEV, and market structure. The conversation covers Ethereum's comp21etitiveness with Solana, the future of DeFi, and the challenges of centralization in crypto.Timestamps:00:00 Start01:06 Matt's background02:47 ETH vibes right now04:39 Consensus around new EIPs09:47 Node burdens13:22 What about the L2 roadmap16:47 Did ETH just rug L2s?18:11 The future of roll ups21:25 Is Base extracting value from users?24:25 What is the multi-proposer?25:39 Community response27:12 Outcompeted by Solana29:50 Who doesn't agree?30:43 Changes for block builders32:21 What does ETH Foundation think?33:01 Benefits of 2 sec block times?35:15 Trading back to L1?37:11 L1 value = MEV available40:42 Yield APR & loan APR converge?41:45 Is the end game 100% staked ETH?44:56 Moral judgements leading development45:47 Restaking48:14 Why does ETH win against Solana?52:06 Infrastructure vs apps54:01 What apps are unlocks54:44 Stablecoin chokepoints1:01:12 MEV on Solana1:06:50 Future of AMMs1:07:12 Trusted execution environments1:09:56 SUAVE1:11:57 Service provider adoption of EIPsFollow our host: @gwartygwartFollow our guest on Twitter: @MaxResnick1👋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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Gwart Show! Today we’re joined by Bitcoin bull and on-chain analyst Checkmate to discuss Bitcoin's market dynamics, mining economics, and market outlook given the bear victory laps on the timeline. He shares thoughts on on-chain analysis, altcoin markets, ETFs, and the role of Bitcoin in the global financial system, offering a bullish perspective on its long-term potential.Timestamps:00:00 Start00:53 Checkmate intro04:07 Checkmate charting product07:29 Who's the customer?10:37 Current market outlook14:49 Why's everyone bearish?19:03 Different this time?23:46 Institutional interest28:14 Bitcoin development34:39 Bitcoin's future39:40 Actually useful indicators45:27 On-chain metrics49:12 nation-state adoption54:52 Miners holding BTC1:04:28 BTC ETFs1:08:55 ETH ETFFollow our guest on Twitter: @Rob1HamFollow 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rob Hamilton, CEO of AnchorWatch and mini-script fan boy, joins The Gwart Show to break down the nuances behind Bitcoin script, why we should’t be scared of a soft fork for rollups (if we need one!) and what a world with more Bitcoin functionality looks like. Rob and Gwart embark on discussions of L2 tokens, Bitcoin consensus rules and the value of VCs in Bitcoin. Timestamps:00:00 Start00:32 Rob's background03:13 2013-202205:37 What is AnchorWatch?13:02 Miniscript19:53 Target user of AnchorWatch21:33 Current Bitcoin development35:45 Covenant use cases38:34 Stablecoins42:16 USD to BTC rails44:41 Do rollups scale?50:38 Challenges of trustless rollups1:00:04 VC funding coming to Bitcoin1:03:30 Ponzi coming to Bitcoin1:13:29 End of altcoin ponzi games?1:16:40 Do stablecoins need decentralized chains?1:20:41 Bitcoin & IRL resources1:23:06 Blockchain commodity value1:25:23 Token unlocks1:30:34 Government permission required1:36:27 AnchorWatch as a memecoin1:39:43 Funding for ideas1:45:49 Antpool centralization via proxies1:52:13 Lacking developer funding1:57:20 P2P node encryptionFollow our guest on Twitter: @Rob1HamFollow 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Evgeny Gaevoy, CEO of Wintermute, discusses market making in crypto, DeFi evolution, blockchain technology's relationship with capitalism, Solana's approach, GameFi potential, and the future of crypto in light of AI advancements. He shares insights on token design, DAO governance, and contrarian views on crypto's long-term prospects.Timestamps:00:00 Start00:52 Evgeny background02:25 Crypto vs tradfi04:04 Caring about more than market making05:23 Wintermute business line07:10 Why use a market maker?10:11 Good vs bad market making?12:07 On-chain price discovery13:48 Is NOT having on-chain price discovery a failure?15:27 ICO benefits18:02 Good token design20:22 Should token holders have rights?24:09 Equity + tokens WTF?26:04 DOA governance27:35 Has governance gotten worse?30:41 Big unlocks in DeFi?34:45 Rebuilding TradFi on -chain (yawn)39:23 Will crypto market makers get out competed?42:56 ETH roadmap blues44:12 Capitalist systems or bust47:11 Solana49:38 Bro, do u even Bitcoin?50:27 What does DeFi solve?51:29 What does DeFi NOT solve?52:31 GameFi thesis53:23 Why does GameFi still suck?55:40 Star Trek = DeFi failFollow our guest on Twitter: @EvgenyGaevoyFollow 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices