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. 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 explains everything from first principles and it helps 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. ------ 📣 NOTIONAL | Real DeFi Yield https://bankless.cc/Notional  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ROCKET POOL | STAKE YOUR ETH https://bankless.cc/RocketPool  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ LIDO | LIQUID ETH STAKING https://bankless.cc/lido  🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger  ------ Topics Covered: 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 ------ Resources: Matt Cutler https://twitter.com/mcutler  Blocknative https://twitter.com/blocknative  End Game with Vitalik https://youtu.be/b1m_PTVxD-s  Ultra Scalable Ethereum https://newsletter.banklesshq.com/p/ultra-scalable-ethereum  The Guide to the Ethereum Roadmap with Jon https://youtu.be/xuLyZaty9iI  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures