Is money eroding our cypherpunk?
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- Опубликовано: 10 июл 2024
- We look at a conversation between Dankrad and Peter.
x.com/dankrad/status/17913797...
Timeline
0:00 - Introduction
1:54 - What is MEV?
2:50 - The birth of MEV relayers
4:21 - MEV today
5:30 - What's the issue?
8:49 - Why am I bringing this up?
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All thoughts and opinions are my own. 
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Nice, definitely like these sorts of videos discussing important/ interesting things happening in the Ethereum Ecosystem!
3:05 hahahaha that was as much expressive as it can get
“Blowing money out their butts”
love this type of videos, thanks patrick
More than my tutorials?
@@PatrickAlphaC I cant compare them, tuts are also important which helped me to understand this type of videos..., your tuts helped me to get familiar with tech.
@@abhimanyuajudiya9942 hmm - thanks for the feedback
Thanks for sharing Patrick, this is critical for the Ctrypto-future and no one can explain it to "normal" people as you do.
MEV’s actually a critical topic. Thanks Patrick ❤
Patrick Sir doing what he does best yet another day, thanks for the informative video about this issue 🤝
Liked because I know because it's going to be a great video
Looking jacked
So the mempool doesn't have any type of duplicate detection?
it would be impossible to tell which one is the "duplicate" and which is the original.
If Ethereum developers had prioritized adding privacy on the protocol level early on, MEV would have never become the issue it is today. You can't frontrun what you can't see.
I think that’s a tough take - in the early days, adding privacy natively was definitely overreaching
encrypted mempools wen?
want
Dank is the lazy one. Real easy to say we are trying real hard. Definitely the words of a lazy person.
I think it’s hard both ways. Peter says “be better!” And dank says “we are! How do you think we can be better?”. Peter says “idk, but figure it out”.
Imo it’s hard
Shouldn't the transaction queue be time dependent? Wouldn't that be fair? Why isn't this true? Because the Ethereum developers decided to make money? Looks a lot like cheating. Haha.
We need something to order transactions, and time dependent is… “ok” but also hard to know exactly. If I send a tx, and the node I send it to has a fast clock, but slow to propagate to other nodes.. when did the tx “really” come. And if there are 1,000,000,000 transactions, but we can only fit in 10, is time dependent the best way to do that? Probably not. So there would need to be a better way.
First, there is no central clock in distributed system like blockchain. However, there have been a couple of papers that suggest the idea of eliciting from different nodes of the system the arrival time of each transaction and output a final ordering (e.g. Aequitas, Themis, Wendy). Though, there are known impossibility results (from Social choice theory) that each such mechanism has flaws. The main issue is that time dependence ordering will result in latency wars. The good thing with MEV auctions, I think, is that it can internalize the profit in the system and possibly redistribute it back to the users.
Definitely true...💰💰💷💶💴💵💸 @saanj