Recently, there's been more talk about secondary market royalties, basically saying "I sell, and you still want a cut." Is that really reasonable? Of course, the narrative is that we all want creators to survive, but treating royalties as a perpetual motion machine is pretty naive: if liquidity is poor, TVL and trading volume will drop first, leaving only a bunch of orders and sentimental attachment.

I'm now more inclined to see royalties as a kind of "optional service fee." If you give it, I'm willing to support more; if you force it, I might look for an alternative route. If the creator economy relies solely on transaction commissions to survive, it's not much different from the fee logic of on-chain casinos... It sounds a bit harsh, but that's just how it is.

By the way, the recent wave of privacy coins and mixing services tearing apart also seems quite similar: one side calls for freedom, while fearing that compliance enforcement will come down hard. When market sentiment tightens, people's first reaction isn't about principles but about "don't block my deposits and withdrawals." Anyway, I'm just observing for now, doing less dreaming and watching the data.