Timing Games - MEV CC 7
Mitigation of timing games was heavily discussed during the MEV-Boost community call this past week. Here we provide a summary and general thoughts, as well as a full transcript of the call. The transcript was auto-generated by YouTube, cleaned by ChatGPT, and then enriched with speaker information and verified for accuracy by us. These calls are fantastic and we highly recommend them to Ethereans who follow the MEV space. Earlier in the call, but not transcribed here, participants discussed ...
Timing Games - MEV CC 7
Mitigation of timing games was heavily discussed during the MEV-Boost community call this past week. Here we provide a summary and general thoughts, as well as a full transcript of the call. The transcript was auto-generated by YouTube, cleaned by ChatGPT, and then enriched with speaker information and verified for accuracy by us. These calls are fantastic and we highly recommend them to Ethereans who follow the MEV space. Earlier in the call, but not transcribed here, participants discussed ...
Rules and strategies of a protocol
This essay was originally published on September 29, 2023 on Substack.Ethereum developers are often accused of changing the rules by which the game is played. For the class of people who view a blockchain’s spec as infallible, this is a valid criticism, but it is also true that rules do not define how a game is played—they define how a game can be played. Rulesets outline solution spaces, implicit combinations of all possible actions; meanwhile player strategies are what determine the path an...
Rules and strategies of a protocol
This essay was originally published on September 29, 2023 on Substack.Ethereum developers are often accused of changing the rules by which the game is played. For the class of people who view a blockchain’s spec as infallible, this is a valid criticism, but it is also true that rules do not define how a game is played—they define how a game can be played. Rulesets outline solution spaces, implicit combinations of all possible actions; meanwhile player strategies are what determine the path an...
Explaining the Friend.Tech experience with Pokémon Blue
The year is 1999, you show up at school and all the other kids are circled around your best friend. He's playing Pokemon Red, battling the Elite Four with a level-99 Charizard. You want to be cool; you want to be him. Even though you think Pokemon is a dumb grind, you finally cave in and buy a cartridge. You go with Pokemon Blue to differentiate yourself. You get home and boot the game, but your experience is nothing like what you saw at school. Instead of crushing endgame content with a...
Explaining the Friend.Tech experience with Pokémon Blue
The year is 1999, you show up at school and all the other kids are circled around your best friend. He's playing Pokemon Red, battling the Elite Four with a level-99 Charizard. You want to be cool; you want to be him. Even though you think Pokemon is a dumb grind, you finally cave in and buy a cartridge. You go with Pokemon Blue to differentiate yourself. You get home and boot the game, but your experience is nothing like what you saw at school. Instead of crushing endgame content with a...
User Generated Content Data Platforms
Why is this a conversation?To most readers it makes little difference whether data in a figure is sourced from Dune Analytics or Coin Metrics. However, for an analyst the two platforms are nearly incomparable. The data you see in figures from Dune doesn’t exactly exist—to be more precise, it isn’t decoded. For example, if you want daily Bitcoin transaction fee data from Coin Metrics, you type `fee` in the search bar and the dataset has been curated by paid employees.By contrast, user-generate...
User Generated Content Data Platforms
Why is this a conversation?To most readers it makes little difference whether data in a figure is sourced from Dune Analytics or Coin Metrics. However, for an analyst the two platforms are nearly incomparable. The data you see in figures from Dune doesn’t exactly exist—to be more precise, it isn’t decoded. For example, if you want daily Bitcoin transaction fee data from Coin Metrics, you type `fee` in the search bar and the dataset has been curated by paid employees.By contrast, user-generate...
Dichotomous Volatility
We’re living in crazy times: the expected volatility of US Treasuries is at its highest value since the launch of Ethereum.Source: TradingViewIn heavy contrast, Ethereum is less than two weeks removed from its all-time low in volatility (on a 90-day rolling basis). Depressed volatility is common in the middle of a bear market, and volatility is generally low across the entire cryptosphere, but for those who like the analogy of Ethereum as The Internet Bond, the behavior could not be more out ...
Dichotomous Volatility
We’re living in crazy times: the expected volatility of US Treasuries is at its highest value since the launch of Ethereum.Source: TradingViewIn heavy contrast, Ethereum is less than two weeks removed from its all-time low in volatility (on a 90-day rolling basis). Depressed volatility is common in the middle of a bear market, and volatility is generally low across the entire cryptosphere, but for those who like the analogy of Ethereum as The Internet Bond, the behavior could not be more out ...
