Cryptocurrency: Miners Frontrun Unencrypted Trades, Signal Chat Adopts MOB Shitcoin
infinite self parody here :
https://www.mobilecoin.foundation/about "At MobileCoin, we believe governments have a legitimate interest in regulating the economic lives of their citizens. Good monetary policies help keep economies healthy and currency controls help fight criminals and terrorists."
Lol.
https://www.coindesk.com/ethermine-adds-front-running-software-to-help-miner... https://ieeexplore.ieee.org/document/9152675 Flashboys 2.0 - Miner Extractable Value (MEV) https://medium.com/@danrobinson/ethereum-is-a-dark-forest-ecc5f0505dff https://medium.com/flashbots/quantifying-mev-introducing-mev-explore-v0-5ccb... https://www.coindesk.com/bad-sandwich-defi-trader-poison-front-running-ether... https://medium.com/offchainlabs/meva-what-is-it-good-for-de8a96c0e67c Alice can simply limit order, until limit users get censored out, leading tokens, markets, and networks to collapse and die due to friction, graft, high cost diminishing returns, etc. Some class of miner attacks are mitigated with zk / homomorphic / encryption, leaving miners nothing to see and preferentially mine but the txfee. Only the set of AMM+seller+buyer would be parties that can see the market tx data. Some crypto could even avoid prefs on txfee by contracting to release a hidden mining fee as second stage mine after the trade tx is mined, forcing miners to mine all tx equally, or starve and exit mining biz. Bitcoin-BTC is obviously subject to mining games based on its 100% cleartext content... censorship there by statistical mass, no cryptographic guarantee of unfettered unobserved fair access. https://eprint.iacr.org/2021/139 https://link.springer.com/content/pdf/10.1007/3-540-44647-8_31.pdf http://users.ece.cmu.edu/~reiter/papers/1994/TOPLAS.pdf Early days.
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