Walt Smith of cyber.fund joins me to discuss thoughts on MEV and where it may be going on Bitcoin.

We discuss:

• Defining MEV
• 10 minute block time?
• Does it centralise Bitcoin?
• Suffering from success
• The approach on shitcoins and spam

Timestamps:

(00:00) - Intro

(02:02) - Defining MEV

(06:02) - Replace-by-fee (RBF)

(11:01) - Concern regarding miner centralisation

(18:56) - Growth of private mempool flow & MEV potential?

(24:55) - Are mining pools transparent with fee payouts?

(27:01) - Expressivity on Bitcoin

(31:21) - Sponsors

(35:24) - Does the 10 minute block time mitigate MEV?

(40:27) - Is Bitcoin more than ‘money’?

(46:05) - Fake L2's on Bitcoin

(51:24) - Does MEV lead to miner centralisation?

(56:15) - Closing thoughts on MEV

Links:

• X: @waltjsmith
• X: @cyberFund_
• Site: cyber.fund
• Article: The Spectre of MEV on Bitcoin

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack