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danrobinson
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Trying to get o3 to write a paper for me and it got stuck on a pretty basic misunderstanding of AMMs and path dependency So we're now 10 messages deep into an argument about it Incredibly addictive, this will replace Twitter
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The deeper you get into DEX design, the sillier it feels to be dogmatic about any of it Everything depends on fiddly microstructure details
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Is there any way to do an onchain prediction market for p(doom)? Given the impossibility of settlement in the apocalypse and the difficulty of credit in the non-apocalypse case
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“Don’t use chains with centralized sequencers, since someday they might subtly extract value from you Instead use decentralized sequencers that are guaranteed to extract maximum value from you, today”
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I don’t think whether a sequencer is decentralized matters too much What matters most is what rules they follow, and particularly whether they use their power to hurt users or extract value You can have extractive decentralized sequencers, or nonextractive centralized ones
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