Richard Li discusses limitations of IPv4 and IPv6 for 5G, B5G, and 6G mobile network applications. He notes that IPv4/IPv6 yields huge bandwidth waste for mMTC, UCBC, HCS, and short texts due to large packet overhead. Additionally, IPv4/IPv6 cannot guarantee key performance indicators like latency and packet loss required for uRLLC and RTBC. As an alternative, Li proposes an incremental evolution of IPv4/IPv6 that includes flexible addressing systems, geography-based addressing, and integration of satellite and terrestrial networks to expand its applicability for future applications and services.