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I'm not surprised at all Many actors (including core devs) in the Ethereum (and other crypto) ecosphere see front running (known as MEV) and the payment for pr
by arlcode 5y ago
I'm not surprised at all
Many actors (including core devs) in the Ethereum (and other crypto) ecosphere see front running (known as MEV) and the payment for protection thereof (known as flashbots) as a "feature" so it's no wonder that other "creative trading techniques" run rampant.
It seems like the reason for every financial regulation in traditional banking is rediscovered in the crypto space just much faster.
- deleted 5y ago[deleted]
- lekevicius 5y agoWhat do you mean by "as a feature"? Devs agree that MEV is a problem (a very hard one), and are trying to solve it.
- diveanon 5y agoHe doesn’t know what he is talking about.
- bsamuels 5y agoThere's a lot of uninformed takes in this thread, but this really takes the cake. There is literally nobody in the Ethereum space who sees MEV as anything other than rent extraction. Flashbots' mission is for MEV to disappear. They're doing that by making it a more open process and to prevent MEV extraction from making the chain unusable via high gas fees. Flashbots RPC exists as a feature because private txPools/RPCs are the only way to be absolutely sure your transaction won't have MEV extracted from it. If Flashbots wanted more MEV, they would only allow transactions via Flashbots RPC that cannot be MEV extracted. By allowing MEV-extractable transactions on Flashbots RPC, they effectively reduce the amount of MEV that is mined.
- arlcode 5y agoI think you are right and I should have put more thought and research into my response. Looking back I've no idea where I got the impression from that MEV is welcomed by the core client Devs.