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Extitutional Theory: No Rules, No Roles, just Dynamics

The Blockchain Socialist

CHAPTER

MEV - Is Copyleft Illegitimate?

I remember the phrase code is law was used quite a lot in the beginning, especially in regards to the Dow hack and things like this. It's really interesting to see how that word has been kind of used and abused in particular instances. And I think one of the examples that I've heard you give before was kind of thinking of like MEV as being a type of X closure. You can see MEV as a system that actually relies on the rules of the protocol in order to achieve things that somehow the protocol had not envisioned.

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