I used to think L2 ordering was pretty fair—first come, first served, like lining up in a queue. But I’ve found that “cutting in” within the orderer is actually quite common—MEV is basically that scalper: it shoves your transaction back so it can run the first lap itself. On-chain transparency is still transparent, but the cut-ins are so “smooth” that you might not even realize whose hands swallowed your slippage. And that re-staking setup’s “shared security” has recently been likened to a set of nesting dolls. I do think the risks really do compound, but from another angle, it also makes the orderer’s power structure more complex. I used to think single-point ordering could prevent this—now I’m feeling that with one more layer of sharing and one more layer of checks and balances… forget it, let’s leave it at that. Explaining one phenomenon clearly is enough.