bertcmiller
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It's simple
Arbs either take 200,000 gas, or they take 130,000,000 gas
MEV either gets leaked to searchers, or captured by sequencers
Not a hard choice
Arbs either take 200,000 gas, or they take 130,000,000 gas
MEV either gets leaked to searchers, or captured by sequencers
Not a hard choice
A bunch of people read that arbs are taking 100m+ gas when they could be taking 200k and decided to reply "actually, this is fine"
MEV is scaling technology
For the first time in years I've got reply guys shilling new chains and coins that "solve" MEV. Nature is healing, they went away for awhile
Today, we introduce a new thesis: MEV has become the dominant limit to scaling blockchains.
Spectacularly wasteful onchain searching is starting to consume most of the capacity of most high-throughput blockchains.
This is a market failure we can no longer ignore.
Spectacularly wasteful onchain searching is starting to consume most of the capacity of most high-throughput blockchains.
This is a market failure we can no longer ignore.
I am highly skeptical of "blind sandwiching"
It seems far more plausible that "blind" sandwiching is simply validators sandwiching and trying to avoid being caught
It seems far more plausible that "blind" sandwiching is simply validators sandwiching and trying to avoid being caught
One of the tough truths about REV is that apps/wallets/users have a lot of power over the fees that they generate.
In turn, the most eye-popping REV amounts are not sustainable because apps/wallets/users will try to internalize them.
Unclear what the long term equilibrium is.
In turn, the most eye-popping REV amounts are not sustainable because apps/wallets/users will try to internalize them.
Unclear what the long term equilibrium is.
Crypto won't beat TradFi if we end up with Jump & Citadel running the shop again on top of a censorship resistant orderbook.
Crypto wins by building new market structures where users have the edge. Backed by cryptography & economics.
Crypto wins by building new market structures where users have the edge. Backed by cryptography & economics.
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