CD95: Bitcoin Miner Incentives with Nick Hansen and BitMEX Research

Citadel Dispatch

support dispatch: https://citadeldispatch.com/donate ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
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
nostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
nostr account: ⁠https://primal.net/odell⁠
youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/
(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