154 sats \ 1 reply \ @JesseJames 21 Feb \ on: Miner Extractable Value (MEV) & Programmable Money: The Good, The Bad & The Ugly bitcoin
I don't know about you but I think this entire MEV crap, stinks to high heavens, once we have established something good (BTC chain) there is always some greedy genius who comes in and messes things up. Like there is not enough of a block reward, there gotta be more....greedy bastards. I hate that part of human nature. Why don't you just leave the order alone and make it immutable and call it as nature intended "first come first serve", sit quietly in the queue until the next block is done, collect your money and have a nice day. Nooo, of course not... IMHO there is nothing but ugly (butt ugly) with MEV. (rant over)
Because fees go higher and higher, until what the poor bottom 50 percent in Africa managed to save for a year is turned to dust.
Bitcoin has never been perfect and the code has never been considered immutable, not even by satoshi.
It is certainly fair to call out Blockstream though. They are trying to have an outsized effect on Bitcoin development.
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