125 - Ethereum's Hidden Power Structures | Matt Cutler

Matt Cutler is the Co-Founder and CEO of Blocknative and a gigabrain when it comes to Ethereum’s hidden power structures and all things blockchains.
Jun 25, 20221 min read

As Ethereum approaches the merge, these power structures are going to change. What will this post-merge future look like? Will users get paid to use Ethereum?

Matt uses first principles to help illustrate the complexities of everything discussed in this insightful episode. By the end of it, you’ll have a better understanding of the purpose of blockbuilders, the new post-merge roles, all things MEV, and so much more.


0:00 Intro

6:27 The Reason for the Merge

10:07 The Values PoS Preserves

13:45 Blockbuilding Explained

16:35 Mining Pools & Incentive Categories

30:25 Why Decentralizing Power Matters

33:40 The Future State of Ethereum

39:21 The Post-Merge World Roles Explained

45:25 MEV Searchers vs. Blockbuilders vs. Stakers/Validators

55:45 PBS & MEV Boost & Who Are the Blockbuilders

1:03:50 Economic Rewards for Blockbuilders

1:17:19 Ethereum Will Eventually Pay Users?

1:19:40 Can Ethereum Stay Decentralized?

1:26:22 ETH The Asset

1:31:39 Where MEV Exists

1:35:16 How Blocknative Fits into All of This

1:37:30 Closing & Disclaimers


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