Seeing the new L1 launch incentives, the old hands happily mine, then claim and sell—making a great time of it. I only jot down one line in my notes: To you, the profit is sandwich margins; on-chain, all you see is someone else’s transaction fees. After all, arbitrage is inherently zero-sum—better to study how nonce can still save a bit of gas; what you save is what really counts as yours.