[w_TF]

Something that rarely gets addressed in these discussions is why Ethereum even has fee market to begin with instead of a cheap FIFO model which ideally would be more fair.

To answer that I would invite anyone to try using a blockchain under heavy load without any way for users to prioritize transactions. What you will find is the network becomes vulnerable to transaction spamming; possibly to point of breaking consensus making it so nobody can transact at all.

MEV is a consequence of a design decision to address this. And that's not to say Ethereum has everything figured out and a better FIFO model can't solve this, but afaik this is the current state of things.

[99112000]

FIFO? First in first out? The blockchain is essentially the timestamping machine. The timestamp of a transaction are untrusted until mined into blocks, even then a fork can rid them.

The blockchain is essentially solving the ordering problem, one big timestamp machine. The solution you propose would require a timestamp machine in the first place lol.

[delaaxe]

It’s what Cardano does