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8bit0 🏴‍☠️

8bit0 🏴‍☠️

@eightbitsim

open your eyes @toly

svm Katılım Ağustos 2021
1.3K Takip Edilen4.3K Takipçiler
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8bit0 🏴‍☠️
8bit0 🏴‍☠️@eightbitsim·
congratulations to @toly and @mert for getting through with this. somewhere along the way, popularity eclipsed your appetite for truth and your courage to stand by it. x.com/eightbitsim/st… eightbitsim out
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8bit0 🏴‍☠️@eightbitsim

This ends now. Even if I must drag the gods down with it. lets go over simple set of assumptions i am making @mert let me know which one doesn't make sense. I bill 10SOL per slot for consults. 1. the validator has to periodically release shreds [thus txns reaching the TPU have to pass through without delaying] - Network requirement/Social consensus 2. ⁠Backrunning any txn - Involves route searching across the chain state - takes 10-20 ms atleast [including latency even if co located] 3. ⁠A backrun can be done in two ways -> either the source is passed through and the searcher only gets a signal and backrun goes separately [CASE 1] or you bundle the source and backrun [CASE 2] 4. ⁠in CASE 1 [10-20 ms delay = txn will be several positions apart] CASE 2 [src,backrun will be n and n+1] 5. ⁠As multiple txns in this thread have shown, there are CASE 2s with this searcher on bald slots. 6. ⁠Thus to do Case 2; you have to hold the source for 10-20 ms 7. ⁠Which means, the price of execution [within users slippage tolerance] - would differ than what he could have gotten in case 1 8. ⁠CASE 1 is fine, CASE 2 is not 9. ⁠@toly and you both are trying to make a fool of your audience, letting them think you are doing CASE 1, but doing CASE 2. Because 2 makes much more money per backrun vs CASE 1 [coz your guy mriya, gets a priority lane behind the user] coming up with straight answers is rough, requires acceptance, balls, agency & courage. hope you'll use it this time. @trentdotsol @sonic_from_ny @toly @uriklarman @bencirc @0xrafal @alessandrod @niteshnath @bigtimetapin @helius

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Lachezar Kolev
Lachezar Kolev@lbkolev·
Solana's game is mostly rigged (imho). Validators sell orderflow, landing providers sell orderflow, launchpads sell orderflow .. and everyone else with any distribution moat. You should start by convincing someone to smuggle some orderflow for you (for a decent commission ofc) or just don't bother at all. The effort to payoff ratio is too undesirable.
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Lachezar Kolev
Lachezar Kolev@lbkolev·
@toly @eightbitsim isn’t this what the priority fees are designed for? they’re just loosely enforced at the moment so the validators can willy nilly do whatever they want
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8bit0 🏴‍☠️
8bit0 🏴‍☠️@eightbitsim·
@toly can users/apps skip validators with 15.82M worth of stake? is this even realistically possible if that's your solution that I don't even want to comment on your problem solving skills. I want you to be better than this, to get your head out of this and address the real issue here, if you're not confident on 15.82M worth of stake would you release @Helius from it? what would you do with more validators per second? I don't think that should be a long term plan for a community like @solana and if you want to hear it, then read the @helius docs it nowhere mentions anywhere to incur the costs occurring due to price differences (within user's slippage tolerance) @toly you are BETTER than this. atleast I expected you to be. would you chose a validator over the community? x.com/eightbitsim/st…
8bit0 🏴‍☠️@eightbitsim

This ends now. Even if I must drag the gods down with it. lets go over simple set of assumptions i am making @mert let me know which one doesn't make sense. I bill 10SOL per slot for consults. 1. the validator has to periodically release shreds [thus txns reaching the TPU have to pass through without delaying] - Network requirement/Social consensus 2. ⁠Backrunning any txn - Involves route searching across the chain state - takes 10-20 ms atleast [including latency even if co located] 3. ⁠A backrun can be done in two ways -> either the source is passed through and the searcher only gets a signal and backrun goes separately [CASE 1] or you bundle the source and backrun [CASE 2] 4. ⁠in CASE 1 [10-20 ms delay = txn will be several positions apart] CASE 2 [src,backrun will be n and n+1] 5. ⁠As multiple txns in this thread have shown, there are CASE 2s with this searcher on bald slots. 6. ⁠Thus to do Case 2; you have to hold the source for 10-20 ms 7. ⁠Which means, the price of execution [within users slippage tolerance] - would differ than what he could have gotten in case 1 8. ⁠CASE 1 is fine, CASE 2 is not 9. ⁠@toly and you both are trying to make a fool of your audience, letting them think you are doing CASE 1, but doing CASE 2. Because 2 makes much more money per backrun vs CASE 1 [coz your guy mriya, gets a priority lane behind the user] coming up with straight answers is rough, requires acceptance, balls, agency & courage. hope you'll use it this time. @trentdotsol @sonic_from_ny @toly @uriklarman @bencirc @0xrafal @alessandrod @niteshnath @bigtimetapin @helius

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Alessandro Decina
Alessandro Decina@alessandrod·
so much midcurving around the helius backrunning thing it's crazy > 100% of the block producers do MEV, not all MEV is the same > a lot of stake doesn't even accept TPU transactions anymore > it would have been so much easier for them to switch to a MEV block builder ages ago, delay, rev strat, maxxextract, etc > instead heroically they DID NOT, and remained pretty much the only big validator to stick to the default agave scheduler, no delayers, no bs, this has been GREAT for the network and has objectively lost them money > they've been of HUGE help in improving agave perf. I've profiled and looked at their validator countless times, and all along I've been telling liam I'd personally FUD him to death if I caught him doing sketchy stuff > now they find a way to increase rewards _without_ doing all the dodgy shit everyone else is doing, with a KYCd service which arguably does the least worst MEV > people on twitter are mad ????
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Splatter
Splatter@SplatterSOL·
first of all, you never HAVE to hold a tx. The fact you see it early already gives you the advantage (unless a crank arb bot gets lucky) -- the amount of profitable crank bots would also decrease if more stake would backrun :p I also highly doubt anyone is holding transactions (even for just a few ms). They simply submit their arb in a bundle with the backrunnable tx. That is just jito / harmonic doing it's job. And for the 0 prio fee ones, it's likely just a private way of inclusion that skips the regular fee auction.
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8bit0 🏴‍☠️
8bit0 🏴‍☠️@eightbitsim·
@lbkolev I mean yeah we can, but you sure everyone will agree to it? or the fact anyone will accept their wrongdoings?
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8bit0 🏴‍☠️
8bit0 🏴‍☠️@eightbitsim·
This one's for @alessandrod, @niteshnath & @uriklarman I appreciate your criticism on the previous posts. but as a key opinion leader on solana I believe it's your responsibility to shed light on other side of the issues as well which I've talked in the recent post. doing so puts you at risks of your relationship with @mert & @toly but in a consensus driven society not expressing truth or not standing by it is worst action for the network itself. you have to understand I have been talking about CASE-2 CASE-1 was never my problem My point of view allows me to shed light on the problem and making sure it's not diverged by the heaviest efforts from @toly, @mert or anyone on @solana. I can't stand something wrong happening in the network and not talking about it or not getting the answers back from the ones responsible for this. I believe in seeing what's the truth instead of bowing down to the conformity. I stand for @solana noone else. Thanks. x.com/eightbitsim/st…
8bit0 🏴‍☠️@eightbitsim

This ends now. Even if I must drag the gods down with it. lets go over simple set of assumptions i am making @mert let me know which one doesn't make sense. I bill 10SOL per slot for consults. 1. the validator has to periodically release shreds [thus txns reaching the TPU have to pass through without delaying] - Network requirement/Social consensus 2. ⁠Backrunning any txn - Involves route searching across the chain state - takes 10-20 ms atleast [including latency even if co located] 3. ⁠A backrun can be done in two ways -> either the source is passed through and the searcher only gets a signal and backrun goes separately [CASE 1] or you bundle the source and backrun [CASE 2] 4. ⁠in CASE 1 [10-20 ms delay = txn will be several positions apart] CASE 2 [src,backrun will be n and n+1] 5. ⁠As multiple txns in this thread have shown, there are CASE 2s with this searcher on bald slots. 6. ⁠Thus to do Case 2; you have to hold the source for 10-20 ms 7. ⁠Which means, the price of execution [within users slippage tolerance] - would differ than what he could have gotten in case 1 8. ⁠CASE 1 is fine, CASE 2 is not 9. ⁠@toly and you both are trying to make a fool of your audience, letting them think you are doing CASE 1, but doing CASE 2. Because 2 makes much more money per backrun vs CASE 1 [coz your guy mriya, gets a priority lane behind the user] coming up with straight answers is rough, requires acceptance, balls, agency & courage. hope you'll use it this time. @trentdotsol @sonic_from_ny @toly @uriklarman @bencirc @0xrafal @alessandrod @niteshnath @bigtimetapin @helius

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Sonic ⚡️
Sonic ⚡️@sonic_from_ny·
@eightbitsim @mert @alessandrod @kolibrio_mev this is a deeply unserious conversation... you compare "made on the knee" bots with an engineered one. And blames top-validators in the eco that almost randomly working bots can't beet a "built to last" bot... Do you hear how it sounds?
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Ben | Circular.fi
Ben | Circular.fi@bencirc·
@eightbitsim @mert @alessandrod I spend my life on Circular and we even tag most of the orderflow transactions with “Dark Tips”, users already know about this; they just don’t post about it on X 👀
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