Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, Flashbots co-founder Phil Daian joins the show to go deep on what maximal extractable value (MEV) means and how it’s shaping the Ethereum ecosystem.
Show highlights:
how Phil started working in MEV and why he believes it resembles 'Alice in Wonderland'
Phil's definition of MEV and when he realized this was an actual problem
how Flashbots was born
the story of how Vitalik didn't care about sandwich attacks at the time Uniswap was released
whether it's possible to minimize MEV via more competition
the never-ending debate about whether MEV should be accepted
why Tarun thinks the concept of fair ordering is against nature
how Bitcoin uses social norms to solve its weaknesses
how Google is being called out in court for creating auction to front run its customers
how Flashbots worked prior to and after Ethereum's Merge
why Flashbots complies with OFAC sanctions
what is the Suave project and how it aims to decentralize Flashbots
what the future of MEV looks like
Hosts
Haseeb Qureshi, managing partner at Dragonfly Capital
Tarun Chitra, managing partner at Robot Ventures
Tom Schmidt, general partner at Dragonfly Capital
Guest:
Phil:
Twitter
Disclosures
Links
The Block: Flashbots seeks up to $50 million at a billion-dollar valuation
CoinDesk: Opinion: Miners, Front-Running-as-a-Service Is Theft
CNN: DOJ sues Google over its dominance in online advertising market
Unchained: 51% of Ethereum Blocks Are OFAC Censored
Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? - Ep. 390
The Cost of Decentralization in 0x and EtherDelta
Previous coverage of Unchained on MEV:
Why Is Ethereum Trying to Maximize Value From Users? Two Sides Debate
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