Over the past couple of days, I’ve been seeing people argue about secondary-market royalties again. Put simply, it boils down to: “Should creators be able to survive by earning a cut from resales?” I can understand both sides. Buyers feel that since they’re already taking on the liquidity risk, why should they be charged again; creators feel that without royalties, they can only keep competing by churning out mints and chasing airdrops—until, in the end, the content gets worse. Anyway, my current approach to NFTs/creator projects is more like diversification as a protective talisman: small positions, cross-chain, and don’t treat future cash flow as a certainty.

Also, lately I’ve seen a lot of that interpretation that “ETF fund flows = the direction of the coin price,” and it’s easy to get carried away by it. In reality, it’s just emotions finding an anchor… My exercise for myself is: when I see controversy or hot-button terms, I don’t rush to pick a side, and I don’t rush to add to my position. First, I ask one question: does this actually affect demand or supply, or is it just narrative noise? For now, that’s it.