4 ms·

>Not in America they won't lol, it's illegal. In fact it's illegal for US persons to trade securities out of a non-SEC regulated brokerage account Is this comm

>Not in America they won't lol, it's illegal. In fact it's illegal for US persons to trade securities out of a non-SEC regulated brokerage account Is this comment referring companies issuing equity directly on-chain? Of course it's currently illegal. That doesn't mean it's illegal in all global jurisdictions or that savvy traders won't find a way to have financial liberty, even if it means moving countries/jurisdictions, opening up a corporation elsewhere etc.. >Isn't the new monetization strategy in crypto literally to reorder blocks and front-run transactions due to the massive time quanta? What a disingenuous way to frame the concept of MEV.. That's quite an unobjective bias you have. >The little guys as always are the most likely to get hurt. The little guys are most likely to get hurt when there's a lack of transparency. In an internet age with transparent tools, the little guys should have freedom with accountability (e.g. they can't even invest in startups).

arcticbull 5y ago
Why would we voluntarily give up the security afforded by the SEC? The front-running thing is literal observable fact. If you know what transactions are to be included in the next block, and you're in charge of ordering them on a multi-minute timeframe, and you know pricing on exchanges in real-time why would you not take advantage? Why would you not front run? There's no law stopping you is there? > The little guys are most likely to get hurt when there's a lack of transparency. In an internet age with transparent tools, the little guys should have freedom with accountability (e.g. they can't even invest in startups). Which is exactly the issue with the blockchain. You're given a peek at the chain but that's not what matters.
- elevenoh 5y ago
  >If you know what transactions are to be included in the next block, and you're in charge of ordering them on a multi-minute timeframe, and you know pricing on exchanges in real-time why would you not take advantage? Why would you not front run? There's no law stopping you is there? Check out time-lock encryption, auctioning transaction order rights, or Automata's conveyor service etc. There's some powerful ideas floating around to bring MEV to negligible levels. This is the beauty of crypto: users will flow to the most efficient blockchain. If MEV is their primary concern, they'll flow to that which nullifies it :)
  - arcticbull 5y ago
    Bitcoin is the world's least efficient blockchain, so how is it the largest? I suspect people flock to the number-go-uppest blockchain.
    - elevenoh 5y ago
      There's a lot involved in market dynamics - BTC or otherwise :)
      - deleted 5y ago
        [deleted]
anonymoushn 5y ago
> What a disingenuous way to frame the concept of MEV.. That's quite an unobjective bias you have. "stealing money from unsophisticated users" seems like a correct characterization of MEV
- elevenoh 5y ago
  "the new monetization strategy" doesn't seem like a correct characterization of MEV.
CaptainZapp 5y ago
> That doesn't mean it's illegal in all global jurisdictions or that savvy traders won't find a way to have financial liberty, even if it means moving countries/jurisdictions, opening up a corporation elsewhere etc.. Sure, you can always move your trading to El Salvador, which plans to use bitcoin as official currrency. What could ever go wrong with that? [1] https://www.bbc.com/news/world-latin-america-57398274#:~:text=El%20Salvador%20has%20become%20the,possible%20votes%20on%20Tuesday%20night https://www.bbc.com/news/world-latin-america-57398274#:~:tex....

arcticbull 5y ago

Why would we voluntarily give up the security afforded by the SEC? The front-running thing is literal observable fact. If you know what transactions are to be included in the next block, and you're in charge of ordering them on a multi-minute timeframe, and you know pricing on exchanges in real-time why would you not take advantage? Why would you not front run? There's no law stopping you is there? > The little guys are most likely to get hurt when there's a lack of transparency. In an internet age with transparent tools, the little guys should have freedom with accountability (e.g. they can't even invest in startups). Which is exactly the issue with the blockchain. You're given a peek at the chain but that's not what matters.

elevenoh 5y ago
>If you know what transactions are to be included in the next block, and you're in charge of ordering them on a multi-minute timeframe, and you know pricing on exchanges in real-time why would you not take advantage? Why would you not front run? There's no law stopping you is there? Check out time-lock encryption, auctioning transaction order rights, or Automata's conveyor service etc. There's some powerful ideas floating around to bring MEV to negligible levels. This is the beauty of crypto: users will flow to the most efficient blockchain. If MEV is their primary concern, they'll flow to that which nullifies it :)
- arcticbull 5y ago
  Bitcoin is the world's least efficient blockchain, so how is it the largest? I suspect people flock to the number-go-uppest blockchain.
  - elevenoh 5y ago
    There's a lot involved in market dynamics - BTC or otherwise :)
    - deleted 5y ago
      [deleted]

anonymoushn 5y ago

> What a disingenuous way to frame the concept of MEV.. That's quite an unobjective bias you have. "stealing money from unsophisticated users" seems like a correct characterization of MEV

elevenoh 5y ago
"the new monetization strategy" doesn't seem like a correct characterization of MEV.

CaptainZapp 5y ago

> That doesn't mean it's illegal in all global jurisdictions or that savvy traders won't find a way to have financial liberty, even if it means moving countries/jurisdictions, opening up a corporation elsewhere etc.. Sure, you can always move your trading to El Salvador, which plans to use bitcoin as official currrency. What could ever go wrong with that? [1] https://www.bbc.com/news/world-latin-america-57398274#:~:text=El%20Salvador%20has%20become%20the,possible%20votes%20on%20Tuesday%20night https://www.bbc.com/news/world-latin-america-57398274#:~:tex....