Lately, there's been a lot of talk about royalties in the secondary market, and it's making me feel quite complicated. Honestly, I also hope creators can keep earning money, but fixing royalties on every transfer often just drives away liquidity, and in the end, it becomes a "moral pressure" that sustains the system, which is quite fragile. Not to mention some proposals that make incentives look fancy but end up being exploited mostly by bots and big players.

I used to nod along with social mining and fan tokens, the "attention as mining" concept, but I no longer believe in it—at least not that it can automatically turn into long-term value. Attention can degrade; the hype lasts three days and then disperses, leaving a mess of governance parameters to fix.

Now, I care more about: who is actually paying the royalties, whether it's voluntary, and if it can transparently flow back into the creation itself, rather than being used as a subsidy to make data look good. Anyway, I will still vote, but I will be more strict.