Andrew Clifford, Peter R. Rizun, Andrea Suisani, Andrew Stone and Peter Tschipper made some great articles about Xthin:
-
Is the opposite of centralized: every pool having their own policy and trying to compete for transactions. Many pools == many centers == decentralized. Another way to look at it: this is free market responding to badly designed relay rules.
-
The pool mining a block full of non-public TXs will suffer from this, so there will be incentive to start sharing TXs, maybe they’ll just patch Core to relax relay rules.
-
Nothing new here, but nuking a chain reduces fee revenue, so why do it?
-
I’m talking about one expert buying inclusion from the mining pools with MEV.
-
You increase orphaning risk, but this will probably be very much offset by the all the MEV collected. You can also kick out all the P2P cash transactions that does not pay much in fees, just to collect the big reward MEV transactions. This will result in smaller blocks.
-
Nuking will be done to collect MEV. Much bigger reward than small transaction fees.
You cannot collect revenue by nuking a coin. Unless you are shorting.
But when you are also a miner, this is not a viable strategy.
There is no winning scenario for a miner using nuking chain strategy.
So, utter nonsense.
This is a highly theoretical scenario that has not happened and may never happen.
So, nonsense.
“Buy inclusion”? Why?
Why would anybody buy inclusion when he can just wait few more blocks for his transaction to be confirmed by a different pool? Transactions are guaranteed to be included sooner or latyer, you cannot change this by “private centralized templates” or whatever non-existent nonsense, because there are always other miners.
0-conf is a thing too, it works for most use cases except of funding exchanges.
But for funding exchanges paying somebody for inclusion would significantly decrease your profits on the exchange, because you need to pay a tax/bribe to somebody…
It’s like I don’t see any merit in the highly theoretical scenarios you plot. They all seem stupid and unrealistic.
This take is correct.
I even literally asked Amaury about this exact issue & his response kinda devolved into non-explanatory nonsense.
Case closed.
2 Likes