We’re on the telnet stage of blockchain
Much is being discussed on Twitter and Reddit about the censoring of transactions on Ethereum. As can be seen on MEV Watch, around half of all blocks, as of right now, follow the OFAC recommendations, censoring transactions against Tornado Cash and similar. It doesn’t take much imagination among Ethereum haters and Bitcoin maxis to declare this as proof of the failure of Ethereum, but is it really? Instead, I believe we’re seeing two things play our here: ...