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Recently, I again saw people arguing about whether secondary-market royalties should be mandatory, claiming it’s “the root of the creator economy.”
It made me feel a bit cold inside: royalties certainly sound good, but when they’re actually implemented on-chain, the final execution still comes down to contract permissions and market rules—whoever has more buttons gets to call the shots… People who’ve been rug-pulled have a shadow over the words “it’s for your own good.”
And there are others who treat large transfers on-chain and unusual movements between an exchange’s hot and cold wallets as signals of “smart money,” then rush in. As for me, I’d rather first check whether the team wallet is moving funds and whether there are any weird authorization changes. Compared to chasing hot trends, I’m more like someone getting watched and checked—rather than someone chasing a car.
Creators need to keep surviving, sure, but it’s also pretty strange to use royalties as a moral hostage-taking. In the end, the bill is still paid by liquidity and retail investor sentiment.
That’s it for now—being cautious is never wrong.