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Recently, I saw a debate about royalties in the secondary market again.
My first reaction was: Can this really go on for so long...
I might be a bit slow, usually I care more about whether my collateralized yield has stacked too high again, so it doesn’t blow up one day in a black box.
Basically, the issue of royalties is a fight between “creators needing continuous cash flow” and “traders wanting less friction,”
Neither side is really wrong, but everyone wants others to make concessions.
What’s more awkward is that on-chain, there isn’t just a single layer of fee collection for royalties,
The income for miners/validators, MEV, and ordering—whether it’s fair or not—retaliates quite fiercely among retail investors.
I haven’t fully figured it out either, I just feel that in the end, it’s more likely that ordinary people will foot the bill...
Anyway, I now prefer to think of my positions as garden pruning:
If it can be clearly written into the contract and the rules can be enforced, keep some;
For those relying on moral constraints, just pretend they don’t exist.
That’s how I’ll do it for now.