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Thomas pfp
Thomas
@aviationdoctor.eth
1/ A lot has been said about transaction censoring on Ethereum. Not all of it made sense to me. So I did a little digging and a little memeing 🧵
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Thomas pfp
Thomas
@aviationdoctor.eth
2/ Based on https://censorship.pics (@toniw.eth) and https://www.mevwatch.info/ (@labrys), 61% of Ethereum builders, 46% of relays, & 8% of validators engage in censorship, leading to 30% of blocks being censored. Assuming those numbers are reliable, they could be better for a permissionless & credibly neutral network.
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Thomas
@aviationdoctor.eth
3/ "Censorship" here means that those block builders, relays, and validators are refusing to include transactions (or a block containing transactions) to or from OFAC-sanctioned addresses. Those transactions are temporarily stuck at the bottom of the memepool (eh, memepool, get it?).
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Thomas
@aviationdoctor.eth
4/ "OFAC" stands for Office of Foreign Assets Control. It's an intelligence and enforcement agency of the US treasury department. It's staffed mostly with analysts and lawyers. OFAC decides who poses a threat to US interests and sanctions them by adding their name to a list of Specially Designated Nationals (SDN).
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Thomas
@aviationdoctor.eth
5/ If your name is on that list, you are pretty much turbo-fucked. You can say goodbye to your bank accounts, wiring money, getting a loan, being hired at a Fortune 500, & doing any business with virtually anyone relevant. You're welcome to live in Russia, DPRK, or any place where Uncle Sam and friends can't reach you.
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Thomas
@aviationdoctor.eth
6/ The people on that list, with one notable exception which I'll come back to, are not the kind you'd want to hang out with. Among them are DPRK hackers, Mexican drug lords, Middle Eastern terrorism financiers, and shady Russian operators who meddle in foreign elections (at least, according to OFAC).
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