Ethereum - Vitalik Buterin's Dirty Secret 🤫

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In this video, we talk about the often overlooked topic of Miner Extractable Value (Mev) in Ethereum and how it can be used to front run, sandwich trade, and take advantage of trades in the Ethereum network. We discussed how these front-run Bots can make as much as a hundred thousand dollars a month and how this is a problem for users of Ethereum who don't know about it. We also looked at how to protect yourself from MEV, such as trading smaller amounts, submitting transactions with higher gas fees, and breaking up transactions into several small transactions. Finally, we discussed how investing is not the key to becoming rich and that it should only be used to supplement income. This video is a great resource for anyone interested in learning more about Mev and how to protect themselves from it. Keywords: Ethereum, Minor Extractable Value (MEV), Front-Running, Sandwich Trading, Crypto Winter, Gas Fee, Mempool, Decentralized Finance

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Disclaimer: I am not a financial advisor and this video does not constitute financial advice. This video is for entertainment purposes only. Please do your own research before making financial decisions.

#ethereum #eth #vitalikbuterin

[metamoney]

One could say this will go away with more usage in more liquidity as they wouldn’t be so much slippage can’t necessarily blame vitalik for transparency

[ikust]

Merci Gerhard! Passez une belle année … j’espère meilleur que 2022

[Its_just_me_again]

wow great content and so well explained. i had heard the term "front running" before but had not looked into it. thank you and all the best for you in 23

[MR-zyff]

Thanks for the info Gerhard, much appreciated!

[QuicksilverSG]

Thanks for the warning on Ethereum front-running scams. Yet another reason to stick with Bitcoin.

[savirazaria]

This is really interesting, thank you!

[petrus_the_rock]

This happens all the time. TY for the video.

[hanspeter]

Afaik balancer and cowswap are fixing this.

[ikust]

Gerhard : can’t they do that in traditional finance also? Order books ?

[mading_kuer]

so we live in a refugee camp and my friend invested almost $1500 in Ethereum, this is a red flag to just sell everything, he's been trading ETH for a while now

[stinkyman]

I believe in ETH and keep holding in tangem

[JobiWorld]

If you think front running isn't in every single crypto your clueless. Ethereum is just honest about it.

[liminal]

The title of this video is pure clickbait. Front-running has been widely discussed for *years* and Vitalik Buterin been part of these discussions - where have you been, Gurhard? . It's neither a secret nor is it Vitalik's job to protect greedy, incompetent noobs from losing their money. Educating end-users about consensus and DeFi is indeed very important and we're not succeeding on that front but Vitalik is literally the last person to blame for this, Gerhurd.

[ikust]

I must say : disgusted. Even more Bitcoiner …

[wrangler]

This seems like a crypto problem, not an ethereum or vitalik buterin problem. Tsk, tsk its clickbait from Gerhard.

[Kerstin]

This just happened to me on Bitpanda Pro. Sold some coins and received 252 instead of 352 Euro, due to slippage or whatever. I am still stunned.