BRC-20s: a glimpse at MEV on Bitcoin?

The transaction fee mania has come and gone.

The second wave of an Inscription-based fee surge–the largest since the China Bitcoin mining ban–have left miners on a fresh hangover, desiring more so called ‘BRC-20’ tokens.

While the fees were fun, we also saw a glimpse of the future in how transaction ordering could become more important than historic norms–a form of miner extractable value (MEV) on Bitcoin.

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We are down south in Miami for Bitcoin 2023. Today we are joined by Lee Bratcher, President of the Texas Blockchain Council. We discuss Texas mining, Bitcoin and CBDC bills, domestic ASIC production and garnering public interest.

Today we are joined by Justin Drake an Ethereum researcher that collaborated on the ETH 2.0 consensus change. We talk about variations of mining attacks on Bitcoin.

Bitcoin hashprice has scurried back to pre-Ordinal lows, with Dollars per Petahash per day falling back to $70.

Source: Hashrate Index

*As of May 23.