➡️ Can you elaborate on how they increase mining centralization? 

I’m getting a crazy sense of deja vu given that we’ve been discussing this for the last week. 

CTV has the risk of promoting private out of band payment to miners, which can create centralizing MEV. 

[1] Peter Todd admitted that CAT / CTV potentially encourage out-of-band fee payments to miners:

https://petertodd.org/2024/covenant-dependent-layer-2-review

[2] Matt Corallo explains why private out of band payments can motivate miner centralization:

https://x.com/TheBlueMatt/status/1780558009841643833

I pointed out that Peter identified one case but missed other cases. 

Our long thread is here:

nostr:note1yur8m6lrk4z88q7dae06pf5r9lwgn3fc0smpaa653hx8ygw2k9qseadpzq