Few have the realization, spending money without having money is monetary expansion. This is what happens in fractional reserve systems, and American banks been operating without reserve requirements for years now.
In fact, few even admit that monetary expansion is the leading cause of price inflation. Supply chain crunches are often blamed, but are resolved over time as prices are allowed to rise. Commodities generally have elasticity of supply, meaning, more is eventually produced when the price goes up.
Corporate "greed" is another excuse I've heard, but that goes by another name: fiduciary responsibility. Besides, it's easy to make record profits when there is record inflation.
These facts are obvious in hindsight to anyone willing to humble themselves enough to learn, but... Such humility often misses those with high time preference. Few.
RGB will replace DMV
Satoshi has something nobody in his position had. Truly genuine selflessness. To give us a work this great, and then... Disappear.
If it uses a blockchain, it's still an L1. At best it kicks the can down the road, and at worst, it's a scam, a distraction, and a waste. Only one blockchain is needed for all of humanity in all of the solar system for all time so long as we use distributed state that settles on L1, such as LN payment channels and RGB20 tokens.
I just got NIP-05 working on btcfur.com! If any furries here want to join me and #[0], DM me here and I can get ya added.
To fully prevent MEV, you need a UTXOs-based system, and also you need transaction privacy. Bitcoin, Lightning, and RGB solve for this. Distributed state using off-chain, layered approaches like LN and RGB lend privacy by default, and also protects against hot contract exploits. And miners cannot extract value if there are no blocks to be mined, or if the token transfer state transitions aren't kept in the blocks.
