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Phil Daian

5 Podcast Episodes

Latest 16 Oct 2021 | Updated Daily

Weekly hand curated podcast episodes for learning

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66 - Crypto’s Existential Threat | MEV Panel: Phil Daian, Georgios Konstanopolus, Charlie Noyes


Phil Daian is a researcher and software engineer and is leading the charge into mapping MEV with the Flashbots Project. Georgios Konstantopoulos and Charlie Noyes are both partners at Paradigm. ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge  🎧 Get this Episode's Debrief: https://shows.banklesshq.com/p/exclusive-debrief-cryptos-existential  ------ BANKLESS SPONSOR TOOLS: 💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini 🔀 BALANCER | EXCHANGE & POOL ASSETS https://bankless.cc/balancer 👻 AAVE | LEND & BORROW ASSETS https://bankless.cc/aave 🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap ------ Bankless Podcast #66: MEV Panel Guests: Charlie Noyes, Phil Daian, & Georgios Konstantopolous In this State of the Nation, we bring on big-brain experts behind projects like Paradigm and Flashbots to explain the complex but critical topic of MEV - commonly known as Miner Extractable Value, but as discussed in this episode, Maximum Extractable Value is a more appropriate descriptor. MEV is arguably the single most important unsolved problem in the crypto space. In the context of incentives and network security, MEV generally refers to the ability of miners & validators to take advantage of their position as securers of the network. Blocks are verified by single entities, and these block producers have tremendous power when they are the ones adding a particular block to the blockchain. We refer to this instance as ‘God-Mode,’ in which a node has the power to assemble & order transactions at will. The threat here is the potential gaps between what is best for the network and what is best for the node. As an internal and unbounded threat to blockchains, solving the problems that MEV presents is critical to maintaining proper consensus and ensuring decentralization and permissionless access. We take a deep dive into potential solutions, and the impact of EIP-1559 and Proof-of-Stake on MEV. Dive in to learn why despite the challenges ahead, Charlie says: “In the absence of certainty, I’m willing to take the optimistic perspective.” ------ Resources: Phil on Twitter https://twitter.com/phildaian?s=20  Georgios on Twitter https://twitter.com/gakonst?s=20  Charlie on Twitter https://twitter.com/_charlienoyes?s=20  Exploring Ethereum’s Dark Forest with Dan Robinson https://youtu.be/MtpRDqrCfbc  Investing in DeFi Paradigms with Charlie Noyes https://youtu.be/dQOhbb5HmLA ----- 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 

1hr 51mins

24 May 2021

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Phil Daian & Stephane Gosselin: Flashbots – The Good, Bad and the Ugly of MEV

Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

Flashbots is a research and development company focussed on Miner Extractable Value (MEV). MEV is the profit a miner can make through their ability to arbitrarily include, exclude, or re-order transactions from the blocks they produce. Flashbots has created a fork of the ethereum geth client, MEV-geth, to allow miners to exploit MEV, currently run by 80% of miners.Co-founders of Flashbots, Stephane Gosselin and Phil Daian, recently joined us to chat about the protocol and to deep dive into the good, the bad, and the ugly of MEV.Topics covered in this episode:Stephane and Phil's backgrounds and how they got into cryptoWhat led them to creating Flashbots and what it doesWhat is Miner/Maximal Extractable Value (MEV)A technical deep dive into how the project works with miners and searchersThe progress on the SGX solutionSpam attacks and reorgs on FlashbotsPhil's reply to the perspective that MEV extraction is theftWhat is Generalized Frontrunning?How MEV differs at L1 vs L2What's the plan for Flashbots going forward?Episode links: Flashbots on GitHubFlashbots on MediumMEV...what do?Stephane on TwitterPhil on TwitterSponsors: Exodus: Exodus the easy-to-use crypto wallet available on all platforms and supporting over 100 different assets. - https://exodus.com/epicenterParaSwap: Give ParaSwap a try at https://paraswap.io/epicenter. This URL will allow you to claim a 50% refund on gas fees for your first swap of at least 1 Eth. This offer is available until May 1st 2021 and refunds will be made every Friday starting April 9th, 2021*Terms and conditions apply. - Solana: Solana is the high performance blockchain supporting over 50k transactions per second to power the next generation of decentralized applications. - https://solana.com/epicenterThis episode is hosted by Friederike Ernst & Sunny Aggarwal. Show notes and listening options: epicenter.tv/389

1hr 38mins

28 Apr 2021

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Episode 168: Flashbots with Phil Daian and Stephane Gosselin

Zero Knowledge

In this week’s episode, Anna and James Prestwich chat with Phil Daian and Stephane Gosselin from the Flashbots project. Flashbots is a research and development organization formed to mitigate the negative externalities and existential risks posed by miner-extractable value (MEV) to smart-contract blockchains They talk about the Flashbots organization and mission as well as the evolving opportunities and dangers lurking in the mempool. Miner extractable value (MEV) is a measure devised to study consensus security by modeling the profit a miner (or validator, sequencer, or other privileged protocol actor) can make through their ability to arbitrarily include, exclude, or re-order transactions from the blocks they produce. Here are some links to previous episodes, the project & MEV: Discussing Plasma and Storage Rent with Karl Floersch and Phil Daian Storage rent with Phil Daian Monsters in the Mempool with Dan Robinson from Paradigm on Zero Knowledge Podcast Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges Flashbots: Frontrunning the MEV crisis on the Flashbots blog Flashbots post on Ethresear.ch Flashbots Flashbots Alpha MEV research roadmap Flashbots MEV Fellowship - collective research process MEV Roast Calendar In case you missed the announcement - zkSessions: DeFi+Privacy has been postponed until Feb 22. Grab your free spot here -> https://hopin.com/events/zksessions-defi-and-privacy Thank you to this week’s sponsor Optimism PBC. Optimism PBC is a Public Benefit Corporation (PBC) building the Optimistic Ethereum Network and the Optimistic Virtual Machine to keep Ethereum half-full. They are calling all curious hackers and seasoned engineers to Come work on the cutting edge of the most interesting problems to push the limits of blockchains, VMs and compilers. No blockchain experience required! You'll work alongside global teams that are defining completely novel businesses and games that need our software to scale. If you're a developer who loves to see your code getting used by innovators around the world, then Optimism is your gateway to paradise. Please reach out to join@optimism.io if you're interested in becoming part of this compassionate, hard-working team! People of all backgrounds are encouraged to apply. *If you like what we do: * Follow us on Twitter - @zeroknowledgefm Join us on Telegram Catch us on Youtube Read up on the r/ZKPodcast subreddit Give us feedback! -https://forms.gle/iKMSrVtcAn6BByH6A Support our Gitcoin Grant Support us on the ZKPatreon Donate through coinbase.commerce *Or directly here: * ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a BTC: 1233mRsCJ9XK6XmCGozaZ49exxvzXLt3PA ZEC: t1R2bujRF3Hzte9ALHpMJvY8t5kb9ut9SpQ

1hr 8mins

17 Feb 2021

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Episode 25: Storage rent with Phil Daian

Zero Knowledge

In this episode, we catch up with Phil Daian once again to dig deeper into the idea of cryptocommodities and storage rent. Cryptocommodities are defined as the resources used for blockchain transactions - for example blockchain memory or computation (such as Ethereum's gas) - and storage rent is the idea of issuing a payment for use of these resources per unit of time instead of as a one-time fee. We discuss how the storage rent idea is becoming increasingly relevant as blockchain technology becomes more widely adopted, and the challenges in implementing this into existing systems. Phil is a researcher with IC3 and PhD student at Cornell Tech as well as the creator of GasToken and member of Project Chicago. Some links: Phil's site IC3 Cornell Tech Project chicago Gas Token


16 May 2018

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Episode 17: Discussing Plasma and Storage Rent with Karl Floersch and Phil Daian

Zero Knowledge

Plasma is a new type of scaling solution that Karl is helping to develop, and Phil tries to tear it apart. Phil also introduces the topic of storage rent, which is an uncomfortable truth we'll have to face sooner rather than later. We sit down and try to dig through and define what Plasma is, what the pro's and con's are and what potential use-cases the technology has. Unfortunately, the second half of the storage rent conversation was lost, but what's there is still valuable enough to share. Hopefully we can get another episode with Phil to dig deeper into the topic. Karl Floersch Phil Daian Plasma


22 Mar 2018