I almost copied the royalty split money to the wrong address just now, and with a flick of my hand, I clicked on an old note, and my heart instantly melted... Luckily, I checked on the blockchain and withdrew in time, a false alarm. It also made me think about the current arguments in the secondary market over whether "royalties are paid or not," to be honest, creators rely on that steady cash flow, but buyers feel that since it's already in the secondary market, why should they be charged again? Both sides feel pretty aggrieved. Recently, the stacking of yields from pledge and shared security has also been criticized as a kind of "layering," and I think the logic is similar: everyone wants to squeeze more liquidity out of the same asset, but in the end, who bears the risk, who takes on the friction costs? When the market heats up and liquidity melts, the truth comes out. Anyway, I now prefer to keep things simple—before buying something, I think clearly about "what am I actually supporting."