One thing I'm worried about is whether the whole "ETH is sound money" theory is actually sound. Max Resnick's point is that the value of execution is much more simpler to explain. If something is hard to explain, the odds that it's true reduce (source: intuition).

This thread glosses over many details for brevity. I'll encourage checking out the following resources to get up to speed on MCP: - Censorship Resistance In Onchain auctions by Max Resnick & Mallesh Pai: arxiv.org/abs/2301.13321 - Execution Consensus Separation by Max Resnick:

Mechanism designers saw all the possible names to give their mechanism and they chose "ASS". Now you're going to hear things like "Yeah, that ASS design is really good" and "have you seen the new ASS?". This is the best industry and you can't tell me otherwise.

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