Lately, I've been watching the arguments in the secondary market about whether or not to pay royalties, and my mindset feels like updating a software version: v1.0 still feels indignant, thinking creators are having a hard time; v1.1 starts to have doubts—if the rules loosen, everyone wants to pay less, which is normal; but if the rules tighten, liquidity flows out faster than anyone. Anyway, someone always ends up paying. By the way, over in Layer 2, they're comparing TPS, fees, and subsidies, all claiming it's for the users, but when it comes to profit sharing, it circles back to the old problems… I think I’ll just watch more and act less for now. If I lose out, it’s just tuition—so be it.

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