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Blockboy

@0xblockboy.eth

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Blockboy
@0xblockboy.eth
I just collected Vitalik: An Ethereum Story (Streaming Ticket) by Ethereum Stories https://ethereumfilm.xyz/
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Blockboy
@0xblockboy.eth
Who ultimately gains from the market efficiency properties of MEV? (arbs/liquidations) It seems like individuals for the most part lose no matter what but in general its in service of building a more robust and liquid system
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Blockboy
@0xblockboy.eth
in the game of MEV, it seems like a constant cat and mouse, is there any times in history when these types of games just end and everyone goes home? Or is the market for alpha just constantly evolving and constantly being fulfilled by the next group of seekers
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Blockboy
@0xblockboy.eth
I wonder how sophisticated the prediction market traders are, feels like they either... stream real-time high-signal data to consistently extract and calculate exact probabilities to trade on or they are all copy bots following each other which creates micro market bubbles
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Blockboy
@0xblockboy.eth
L2s are not extracting value from ETH, txn supply is just substantially greater than demand. its the call before the storm. The extra supply will let the developers and users mess around use cases till they find one that hits. Then scale limited again.
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Blockboy
@0xblockboy.eth
so CeFi-DeFi arbitrage for capital-rich whales with access to the vast ocean of information, while the rest of us minnows scramble over the limited pool of on-chain transactions @Alextoberoff @0xsurajs https://frontier.tech/a-tale-of-two-arbitrages
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Blockboy
@0xblockboy.eth
Lots of unknowns, curious if you have any thoughts...
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Blockboy
@0xblockboy.eth
Security: The decentralized nature of the system can make it more resilient to attacks and manipulation but the increased complexity of the system may introduce new attack vectors and vulnerabilities.
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Blockboy
@0xblockboy.eth
Efficiency May enables faster transaction times and lower fees, as multiple proposers can process intents concurrently, but it may also require additional resources and infrastructure to support multiple proposers, which could increase the cost and complexity of the system.
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Blockboy
@0xblockboy.eth
Decentralization Reduces the need for centralized intents, making the system more resilient to censorship and manipulation but it does introduce the general risk of malicious proposers colluding to manipulate intents.
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Blockboy
@0xblockboy.eth
so the multi-proposer architecture could change the way intents are handled but it does not seem to remove them entirely, @MaxResnick1 any thoughts on this... 👇🏻
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Blockboy
@0xblockboy.eth
dont mind me, just maximizing shareholder value
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Blockboy
@0xblockboy.eth
Imagine the intent centered projects that just got funding and now have to watch their VC's mev bros talk about overhauling the whole protocol to take out pre-confs
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Blockboy
@0xblockboy.eth
so im not sure I see why would an enterprise whose core business is not to create a strong ecosystem/platform would want to spend any extra time developing and maintaining a sovereign chain when in reality they could just take advantage of a general purpose one
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Blockboy
@0xblockboy.eth
this seems like it would cause the creation of a bunch of small chains that only have some core contracts but then depend on interop to collect fees. it seems more valuable to just opt for more native interop and contract embeded fees by just building on a general purpose chain?
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Blockboy
@0xblockboy.eth
Its like if @nyt allowed their crossword to accepted Starbucks stars as currency. I guess it would be assumed that the game would be built on Starbucks L2. But in the same world where its easy to launch l2s, wouldn't nyt want their own chain too?
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Blockboy
@0xblockboy.eth
lets say it was easy to launch an L2, so Starbucks does with a native 'stars' token for their loyalty points program. This could technically be an ERC on general chain but having their own L2 would allow them to collect fees if adjacent partners interacted/built on their network
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Blockboy
@0xblockboy.eth
Will enterprises "launch L2s"? It feels obvious that @base aligns to Coinbases core business model, but does that extend? I see platforms adopting them to offer a more reliable ecosystem solution for their partners, but besides that, like what would @Starbucks do with an L2...
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Blockboy
@0xblockboy.eth
L2 MEV is a prime design space to test txn ordering... private mempools, full builder control, UX as the goal, reduced overall risk rollups should be testing new designs like all the DEXs did when bots came for them TEE, intents, Mev Taxes, Auction design and so much more
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Blockboy
@0xblockboy.eth
Everyone acts like state and history growth are the end of the world but who is the home staker we are trying to save? I buy the ethos and roughly understand the economics for solving growth, but sorry I don't see an average joe risking 100k by running their own validator
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