Night shift monitoring the funding rate when I casually scrolled and saw the royalty fees causing a fuss again, creators say they can't survive without royalties, traders say I’ve already taken a second-level position and still get taxed again. To put it simply, this isn’t a moral issue, it’s an incentive issue: if you want people to respect creators, you have to make “paying” a voluntary choice with rewards, not enforced rules that impose it forcibly. Now many markets treat royalties as an optional item; once the hype dies down, what really retains people are content and communities, not those few lines in the contract.

Recently, the staking and shared security models have also been criticized as profit-layering schemes. It sounds to me like: pre-discounting future expectations into a bunch of layered “someone should pay for it.” The same goes for secondary royalties; writing them into the chain doesn’t mean the market will accept them, and when the trend shifts, the truth will come out. Anyway, I still stick to my old habit—if I can clearly calculate the cash flow, I participate; if I can’t, I avoid it… Never mind, not going to talk about it now, I’ll go wash my face.