These days, I’ve seen people arguing about whether secondary market transactions should pay royalties or not. Basically, it’s a tug-of-war between “creators’ livelihoods” and “freedom of liquidity.” From the mempool perspective, many talk about ideals, but when it comes to actual trades, they still prefer routes with smaller slippage and lower fees. Once royalties are involved, placing orders becomes much smoother… It’s quite pragmatic.

But don’t treat creators as just money-grubbers; without continuous output, the market will eventually cool down. I now lean towards designing royalties as a kind of “voluntary payment + default option,” rather than a forced one, which could push transactions into more hidden corners.

Just like the recent issues with privacy coins, mixers, and compliance—when the community splits, I feel: the stricter the rules, the more people will find ways around them; if there are no rules at all, it’s easy to get cut off entirely. Anyway, I prefer to hold back on impulsiveness, observe transaction paths and actual execution, and take it slow—there’s nothing wrong with that.