Since I started recording this, I feel my mind has become a bit quieter. Recently, the secondary market royalties have stirred up again, basically: creators want sustainability, traders want more freedom and lower costs, everyone thinks they are right. I used to easily take sides, but now I first draw out the relationships: royalties are not a "moral switch," but more like an elastic band in the protocol; pull it too tight and transactions will run away, too loose and creators will be cut off from resources.

By the way, watching everyone test interactions on the testnet and accumulate points, while saying they don't believe "the mainnet will issue tokens," but their hands are very honest... This kind of expectation is actually rewriting the creator economy: people care more about "whether they can exit" rather than "whether they are willing to support." Recording this, I realize the excitement will pass, but the choice of structure will last a long time. Anyway, I will slowly fill in these puzzle pieces.