Row 42514

Row ID: 42514 | Dataset Entry | Axioma AXP Content Repository

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It's actually a rational proposal if you read WHY this is needed. OP is bullshitting that this only benefits validators and is for greed.

**The main purpose is to fix a prisoner's dilemma situation, and to avoid off-chain side-deals.**

The problem with Solana is that it doesn't use a public mempool and doesn't have a strong separation between block builders and proposers. And it hasn't solved MEV.

Any rational Solana user would purposely pay less fees by side-dealing with the validators directly to include their transactions. This would allow the user to pay less, and the validator still earns more fees. This is a huge issue after the recent 1.18.11 and related updates.

Of course, there are probably better solutions for fixing the economic incentives through other means. I see this as a temporary workaround for a broken situation.

My main problem with this proposal is that there has been very little research done on its full effects. It was proposed in Dec 2023 and has gone through very little public discussion. In contrast, Ethereum updates often go through months or years of research and modeling before getting sufficient community approval for a big change like this.

FieldValue
text It's actually a rational proposal if you read WHY this is needed. OP is bullshitting that this only benefits validators and is for greed. **The main purpose is to fix a prisoner's dilemma situation, and to avoid off-chain side-deals.** The problem with Solana is that it doesn't use a public mempool and doesn't have a strong separation between block builders and proposers. And it hasn't solved MEV. Any rational Solana user would purposely pay less fees by side-dealing with the validators direc…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-22
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url_encoded Z0FBQUFBQm5Lak9kY2h4dlFxYVFLU05MaExFUDI4UkFlVVRWSEdrUHIwSG05M09TQTJ2YWxsVmd1b0JXLXdRZDlHRTFPSjdWcDFwV0ZNRUJsMmpBOXp3UzluYnlrc1dHcXBlZHdlbFozMERDTHpjbi15UkVfOXM3SENSdHFwQ0V6X2VqTlFBazdVMzNITXc5Nlg0TU5IbUhFOThjYWxYR3NZMzFXOUdWbEhQOXRjYXhvUnpibF9iUjRabzhaWWJlajhDLWVaRUoxMXVQazFwQjB0aVBzUHNsNWxZODRldDVrS2hxY1A1b05aZXFDeVVFQ0k3T2RPZz0=

Raw Record

{
  "text": "It's actually a rational proposal if you read WHY this is needed. OP is bullshitting that this only benefits validators and is for greed.\n\n**The main purpose is to fix a prisoner's dilemma situation, and to avoid off-chain side-deals.**\n\nThe problem with Solana is that it doesn't use a public mempool and doesn't have a strong separation between block builders and proposers. And it hasn't solved MEV.\n\nAny rational Solana user would purposely pay less fees by side-dealing with the validators directly to include their transactions. This would allow the user to pay less, and the validator still earns more fees. This is a huge issue after the recent 1.18.11 and related updates.\n\nOf course, there are probably better solutions for fixing the economic incentives through other means. I see this as a temporary workaround for a broken situation.\n\nMy main problem with this proposal is that there has been very little research done on its full effects. It was proposed in Dec 2023 and has gone through very little public discussion. In contrast, Ethereum updates often go through months or years of research and modeling before getting sufficient community approval for a big change like this.",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1OYl9NUGR6ZTJIWUR6LWM4MnpURXFiWGRQVk5sRUpQYzBZTTlXNkVzeEZ6LXlGOHExeVNqU21UakJUOTNDWmVXb05xUUJCN01YNmV4N2dpS1k3UUhZWWc9PQ==",
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}
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