4 ms·
This is a deeply misleading headline. Other people have explained it as well, but Flashbots is a relay for transmitting transactions to the Ethereum network in
by lazzlazzlazz 4y ago
This is a deeply misleading headline. Other people have explained it as well, but Flashbots is a relay for transmitting transactions to the Ethereum network in a way that preserves their privacy (and exposure to something called MEV[1]). It's purely optional and the vast majority of transactions[2] do not actually pass through this relay. MEV is an interesting area of research[3].
Unrelated aside: why is the quality of Hacker News posts and comments on crypto so bad? I experience extreme Gell-Mann amnesia[4] almost every post I read. This is the industry I work in and the amount of misinformation produced and spread on Hacker News is absurd.
[1]: https://arxiv.org/abs/1904.05234 https://arxiv.org/abs/1904.05234
[2]: https://explore.flashbots.net https://explore.flashbots.net
[3]: https://flashbots.notion.site/flashbots/mev-day-836f88806995412dabc1c7bb7ce4e830 https://flashbots.notion.site/flashbots/mev-day-836f88806995...
[4]: https://www.johndcook.com/blog/2021/01/18/gell-mann-amnesia/ https://www.johndcook.com/blog/2021/01/18/gell-mann-amnesia/
- biolotthek 4y ago
- codehalo 4y ago> Unrelated aside: why is the quality of Hacker News posts and comments on crypto so bad? I experience extreme Gell-Mann amnesia[4] almost every post I read. It's because the posters think they are smart. With every passing day that cryptocurrencies become adopted/accepted, their smartness becomes questionable, even to themselves. For them, it is easier to double down on the flawed arguments - well over 10 years now - than accept that while they are smart in some areas, they are not in all.