CD95: Bitcoin Miner Incentives with Nick Hansen and BitMEX Research
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EPISODE: 95
BLOCK: 781708
PRICE: 3593 sats per dollar
TOPICS: Mempools, Miner Extracted Value, Free Markets, Out of Band Payments, Mining Centralization
BitMEX Research on Twitter: twitter.com/BitMEXResearch
Nick Hansen on Twitter: twitter.com/hash_bender
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(00:05:20) Mempools never clearing
(00:15:30) Bitcoin mining incentives
(00:23:29) Minor extracted value (MEV)
(00:46:36) NFT sale and block entry
(00:48:00) Auction process and fees
(01:03:13) Outbound payments and miner centralization
(01:30:26) Discussion about the ViaBTC block and allegations of foul play
(01:32:00) Explanation of selfish mining and spy mining
(01:43:14) Mitigation strategies for potential mining shenanigans
(01:56:52) Discussion on the decentralization of the mining industry