I’ve been quite busy of late but David has finished a newsletter. A lot of David jokes in here — as well as an explanation of the charges against the two brothers who front-ran the front-runners on the Ethereum blockchain.

The DoJ will have to explain to a jury how Ethereum validation works, that you can order transactions in a block, that you can exploit that to front-run people, and that some front-running is officially part of the system, but only because they couldn’t work out how to stop it. And that this front-running is bad, for reasons.

Read more on David’s website.