➡️ “It doesn't talk about AMMs in relation to CTV creating on-chain AMM-style marketplaces”
Of course not. It was explaining how AMM marketplaces create centralizing MEV.
➡️ “The need for introspection relates to needing to look at the previous price of the AMM, to determine what the new price should be.”
I explained how you might create a state machine using output UTXOs to model the AMM pricing curve. If you don’t understand the concept, you could ask an AI to explain it to you.
➡️ “I'm not sure how exactly this would be done, but even if it were possible to validate or invalidate certain pathways, you would still need a ridiculous amount of compute for this.”
You don’t fully understand the concept so you assume it must take “ridiculous” compute.
I showed how it might be possible, but it may or not be feasible. I don’t know and neither do you. The point is that nobody knows for sure and it’s likely that nobody has looked into it either.
I don’t need to prove it’s safe. The people advocating for the feature do.
➡️ The BIP119 PR is probably the best resource for risks discussed
I reviewed the links you sent. I didn’t see any analysis of non-technical risks. If I missed anything, please forward it to me.
You seem like a well-read person on the topic and you can’t seem to refer me to anyone who’s done a non-technical risk assessment.
I guess we can leave it there unless you want to discuss anything further.
techfeudalist /
npub1nz…0yxqu
2024-09-27 00:38:29
in reply to nevent1q…3xm5
Author Public Key
npub1nz3cd3mx4jf9paxwrdgqvchaprjdge9pj9t58mkusw74q5saajkqu0yxquPublished at
2024-09-27 00:38:29Event JSON
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"content": "➡️ “It doesn't talk about AMMs in relation to CTV creating on-chain AMM-style marketplaces”\n\nOf course not. It was explaining how AMM marketplaces create centralizing MEV. \n\n➡️ “The need for introspection relates to needing to look at the previous price of the AMM, to determine what the new price should be.”\n\nI explained how you might create a state machine using output UTXOs to model the AMM pricing curve. If you don’t understand the concept, you could ask an AI to explain it to you. \n\n➡️ “I'm not sure how exactly this would be done, but even if it were possible to validate or invalidate certain pathways, you would still need a ridiculous amount of compute for this.”\n\nYou don’t fully understand the concept so you assume it must take “ridiculous” compute. \n\nI showed how it might be possible, but it may or not be feasible. I don’t know and neither do you. The point is that nobody knows for sure and it’s likely that nobody has looked into it either. \n\nI don’t need to prove it’s safe. The people advocating for the feature do. \n\n➡️ The BIP119 PR is probably the best resource for risks discussed\n\nI reviewed the links you sent. I didn’t see any analysis of non-technical risks. If I missed anything, please forward it to me. \n\nYou seem like a well-read person on the topic and you can’t seem to refer me to anyone who’s done a non-technical risk assessment. \n\nI guess we can leave it there unless you want to discuss anything further.",
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