phildaian

3 ms·

1.
by phildaian 8y ago
If you find something wrong with it, consider this an open offer for me to revise or withdraw the paper as a result. That being said, I've been studying blockchains for years, and this paper has been reviewed by some very high caliber
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by phildaian 8y ago
Well, we show (among many other results) that today's system is potentially unstable assuming miners are rational and profit maximizing. I don't think that's paranoia in a system that gives you 0 security guarantees unless y
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by phildaian 8y ago
I'm not saying he has preconceptions about the book, I'm saying his opinion of the book is creating unwarranted preconceptions about our work. The paper doesn't comment on money markets much at all, and cites pretty unambiguo
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by phildaian 8y ago
Yes, the people who created DEXes do know about and advertise this issue, because this is work we've been doing since early 2017 and discussing with them even earlier. In fact, I advise a lot of those projects, and many consider me th
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by phildaian 8y ago
I linked you to several sources for my definitions and you haven't commented on any of them, so no idea how you could reach that conclusion. I've explained to you that even with your restrictive definition, our paper covers analo
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by phildaian 8y ago
Author of the paper here. I justified our use of the word "frontrunning" on a Twitter thread: https://twitter.com/phildaian/status/1116698738343460864 There are a few different points here. Firstly, th
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by phildaian 8y ago
Great explanation! For an in depth and relatively formal (and mathematical) look at this from an economist I recommend https://faculty.chicagobooth.edu/eric.budish/research/HFT-Fr...