Stop.

The recent fuss over royalties has been intense. The secondary market wants to change the rules, and the creators side is in uproar. I didn’t rush to take sides; instead, I first canceled the listings for a few NFTs I had on hand. I’m not afraid of losing money—I just think that behind this wave of controversy, the more important question is actually this: should the protocol itself “collect taxes” on behalf of creators? In plain terms, are royalties something that are hard-coded on-chain, or are they driven by market conscience?

I just came across another incident involving a cross-chain bridge. When the oracle’s pricing was abnormal, everyone had to wait several blocks for confirmation before they dared to move. This kind of “wait for confirmation” consensus is kind of similar to the royalty dispute: it all means moving a half-step slower, letting the market digest things first, and not letting emotions carry everyone away.

Anyway, I’m going to stop trading for now and see how the next few protocols adjust.