These days, I’ve seen people arguing about secondary market royalties again. Basically, creators want to maintain a steady cash flow, trading platforms want smoother transactions, and buyers don’t want to get hit with fees every time they resell. After watching the blockchain for a while, I realize that many slogans supporting creators ultimately boil down to how the routes are set, how they enter exchanges, and how they split transactions into batches... The emotions are intense, but the settlement is very cold.

Now I care more about whether royalties are based on consensus or enforced by contracts/markets. If enforced, liquidity will take detours; if based solely on voluntary compliance, the enthusiasm will fade once the hype dies down. It’s like recently, modularization and the DAO layer are hyped up, developers are excited, but ordinary users are confused. In the end, whoever makes the experience smooth and keeps the money flowing controls the narrative. Anyway, I’ll keep watching those small, batch inflows and outflows—more honest than just shouting.