Over the past couple of days, I’ve seen the secondary market argue again and again about “canceling/mandatory royalties.” To put it simply, everyone wants cheaper trades and deeper liquidity, but creators’ ongoing steady income is just conveniently chopped off. Anyway, since I’m doing arbitrage, fees, slippage, and royalties are all real money—once you run the numbers, you’ll know who’s paying for whom… The problem is that compressing royalties to 0 doesn’t mean the work is any more valuable; it only makes it easier to resell.

By the way, speaking of which, right now it’s full of testnet incentive programs and points expectations, and there are still people asking every day whether the mainnet will issue tokens. After seeing it too much, I find it a bit tiring—everyone is practicing “staying alive by expectations.” When it comes to trading psychology, I can only remind myself to practice rather than conquer: don’t think you can make the market submit in one go. First, hold your impulses in check. Quantify what you can; if you can’t quantify it, touch it less. For now, that’s it.