Ep49: OP_CAT is bad, filters are useless, and MEV is inevitable w/ Post Capone

There aren't that many good critics of OP_CAT left, so we asked Post Capone to provide his perspective.

October 30, 20241h 41m

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Show Notes

There aren't that many good critics of OP_CAT left, so we asked Post Capone to provide his perspective. This conversation touches on tons of topics -- filters, ethereum/solana vs Bitcoin, witness discount, alternative bitcoin clients, and of course MEV.

Follow our guest: @p0stc4p0n3

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Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin.

00:00 Intro

02:59 Recap on BitVM & Linus Interview

04:44 Bias and Analytical Neutrality

07:15 Bitcoin vs. Ethereum

10:11 ETH/BTC Ratio Call

11:42 Ethereum Market Dynamics

18:12 Free Market Ideology in Bitcoin

22:10 Ordinals and Satoshi Dice Comparison

28:05 Filtering Transactions & Censorship

30:15 Witness Discount Explanation

42:00 UTXOs

46:40 Alternative Bitcoin Clients

52:30 Soft Fork Necessity and Activation

55:06 Criticisms of OP_CAT

01:00:30 Constraining the Application Layer

01:02:45 Realities of Expressive Code & AMMs

01:12:10 Potential for Miner-Enforced Soft Fork

01:16:40 MEV Reality

01:28:17 Future of MEV and Order Types

01:33:10 Closing Thoughts and Future Predictions

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