These days, I’ve been watching the secondary market arguing over royalties. Put simply, it’s about whether they should be mandatory. During account reconciliation in the middle of the night, it was especially intuitive: royalties aren’t just a slogan—they’re cash flows taken out of each deal. Of course, creators want stability, but buyers will also do the math. The less certain things are, the easier it is for people to route around and go to places with zero-royalty… In the end, the on-chain records get cleaner, but the emotions get dirtier instead.

While we’re at it, the community is also embroiled in a big fight over the privacy-coin, mixing, and compliance boundary issues. Some people think it’s only natural, while others get scared just hearing about it—the split feels pretty intense. Anyway, for someone as cautious as me, I put “whether the rules can actually be carried out and whether I can explain the source clearly” first. Being able to sleep is what matters most.

Right now, there’s just too much information noise. My noise-reduction strategy is one thing only: stick to on-chain activity and protocol updates that are related to my own wallet. Mute other hot posts for now, and check again the next day.