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Ya that's a pretty good summary. One thing worth noting is that often the devil's in the details on these!
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I suspect Sam sees the world a bit more equitably than that 😉
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Yup :P
Though, like, most coins are of dubious value.
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of course
does Serum handle token curation too, or is listing permissionless?
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Current model is:
1) Anyone can submit a market
2) Isolate margin/etc.
3) Anyone could build a GUI; the one we build might only display some markets
4) Very loud UI warnings with markets that aren't vetted
One question is which markets nodes have to look out for.
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Current guess is that they'll handle that via governance, but not 100% sure on that.
(E.g.: which cross-chain markets are nodes incentivized to help resolve rollup disputes on?)
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So if nodes decide to censor or otherwise stop processing transactions from an imported ERC20, could it get stuck on Solana forever?
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Anyone -- not just nodes -- can do this as well (it's just suggesting blockchain histories to the program).
Nodes are just special in that they're incentivized to do it and judged based on it (and other things).
So eventually if _anyone_ wants to save that coin, they could.
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It's less a thing that the system will fall apart without, and more a thing that there will be longer lag and some incorrectly settled cross-chain trades if no one is really responsible for it and the cusomters themselves don't know how.