Quick recap of all my RGB involvment:
1) Todd's idea of "client-side-validation" for Bitcoin, which I listened to for the first time in 2016 while I was MCing Scaling Bitcoin, is very cool (more privacy&scalability), but unlikely to be useful for real sats anytime soon (no viable trustless peg-out mechanism yet), and it comes with heavy UX trade-offs (online to receive, backup needed after receiving):
piped.video/uO-1rQbdZuk?t=6198
2) Since LN already has *strictly worse* UX trade-offs (online periodically to avoid fraud, dangerous backup restore), we can leverage our LN tools to make that idea work: RGB is the two things combined; and we can have shitcoiners testing it with shitcoins until we have a solution for real sats ("RGBTC"):
piped.video/watch?v=xHWxtmgQ…
3) Not all the shitcoins are useless: while most of them are scams (exceptions which started honestly, mostly before 2013, can be counted on one hand), some of them, namely some "stablecoins", are aimed at scamming regulators to give users more freedom, instead of scamming greedy dumb retail investors out of their money, arguably net positive:
piped.video/watch?v=6wNrWWDj…
4) While shitcoins (including net-useful ones, namely USDt) use RGB, they don't hurt Bitcoin's fungibility, scalability and incentives (unlike retardinals do), but can even *improve* them, messing with chainanal heuristics with a very private layer, removing some economic load with virtually zero onchain footprint, hiding information necessary for MEVil interference:
piped.video/watch?v=596InlNt…
5) Until a trustless RGBTC exists, *all* tokens on RGB (and RGB reimplementation, like Taproot Assets) will technically be *shitcoins*, and they will mostly be aimed at literally scamming somebody with decentralization circus and Bitcoin-cargo-cult-thinking (the regulator to concede more freedom for secondary markets for the good ones, the retail investors out of their money for the bad ones). I explicitly advise against purchasing any of those with sats and in favor of selling them for sats. The RGB protocol itself doesn't have or need any token. I don't benefit financially from anything RGB-related (only psychologically).