Re: [bitcoin-dev] CTV BIP Meeting #9 Notes

2022-05-22 Thread Bram Cohen via bitcoin-dev
On Thu, May 19, 2022 at 9:17 AM alicexbt via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > > MEV could be one the issues associated with general covenants. There are > some resources on https://mev.day if anyone interested to read more about > it. > One of the top things to do

Re: [bitcoin-dev] CTV BIP Meeting #9 Notes

2022-05-20 Thread alicexbt via bitcoin-dev
Hi ZmnSCPxj, > TLDR: MEV = Miner-extractable value, basically if your contracts are complex > enough, miners can analyze which of the possible contract executions are most > profitable for them, and order transactions on the block they are building in > such a way that it is the most

Re: [bitcoin-dev] CTV BIP Meeting #9 Notes

2022-05-20 Thread ZmnSCPxj via bitcoin-dev
Good morning fd0, > > In addition, covenant mechanisms that require large witness data are > > probably more vulnerable to MEV. > > > Which covenant mechanisms require large witness data? `OP_CSFS` + `OP_CAT`, which requires that you copy parts of the transaction into the witness data if you

Re: [bitcoin-dev] CTV BIP Meeting #9 Notes

2022-05-19 Thread ZmnSCPxj via bitcoin-dev
Good morning fd0, > MEV could be one the issues associated with general covenants. There are some > resources on https://mev.day if anyone interested to read more about it. > 13:06 <@jeremyrubin> the covenants are "self executing" and can be e.g. > sandwiched13:07 <@jeremyrubin> so given that