The funds that are issued on the L2 are safe, because of the Celestia model and sampling. But the funds that are issued on Ethereum and bridged up have a different trust assumption because of Blobstream. A smart contract cannot do DAS, so you have an honest majority assumption.
Your logic:
We abuse "decentralized" to mean X
But centralized still has X
Therefore we should not call it centralized.
Imo we could just be specific if rollups have X or not and call out abuse of "decentralized".
It's only a semantics/optics discussion, so great bait.
4. Yeah, I read the paper you linked, but it did not categorize what spam is like you did. I wondered if they have a different category of spam. Excited to see more data on this !
3. By sophisticated spam, I meant trying to outmaneuver the auction with other spam. My point was that solving this would not induce other non-spam demand on Base. For that, you would need apps that abuse these low fees. ( and yes we are both excited for them ;))
Nice. Thanks for the response!
1. Ok, convinced
2. I see. That's true for Base as a general-purpose chain. A deterministic arb can be found in run time, given a fixed set of dex-pools in isolation. Searches will probably be better though, especially in long-tail assets.
That means 1 transaction is 1400 bytes ! That's quite large. Do you know what information is encoded in that transaction, that would offload work on nodes syncing? Is it maybe a list of state accessed by the transaction, so you can execute them in parallel?
Decreasing blocktime could be another solution. Also internalizing arbitrage could be something viable. xitter.cf/NashQueue/status/19348…
Highly recommend reading the article yourself. Very excited to see what kind of solution they will cook up.
cc @DistributedMarz @bertcmiller
writings.flashbots.net/mev-a…
4) Could the reason be latency?
OP chains are slower in comparison to Orbit chains meaning they are more mispriced and a target for arbitrage later in the block. For Arbitrum its mostly top-of-block. A latency race rather than blind signing? What if you just go very very fast?
3) >all new throughput [by Base] was captured by spam
I wonder if we had <Solution> this throughput would be captured by non-spam. It does not feel like spam is a blocker to adoption.
It feels like spam would turn into ✨sophisticated spam✨
I wonder if this meme is correct
The logical conclusion would be to price congested state differently. Straw man: have a fixed size queue of all touched state during a block. Touching a state increments it by 1. Decay over some blocks. Expensive state sits at the top of the queue and is priced accordingly.
Maybe. The one thing that the these arb transactions have in common is that they touch the same state. Is mostly just swaps touching the same pools for arbitrage. Meaning that you don't have congestion on the global level because blobs are free but on the local level.
This looks like a huge mispricing of gas. The first line of defense would be to adjust that.
What is the reason for it being so mispriced? I get Solana because there they only do CU and DA is free but I am confused why that's also the case for OP-Stack Rollups.
