Last night I didn't sleep again, and I came across the controversy in the secondary market about royalty restrictions, which made me feel a bit cold. To be honest, the creator economy relies not on "everyone's self-awareness," but on rules actually being implemented; now with platforms competing fiercely, creators are forced to seek tips, build white lists, and even struggle with their content personas. It's the same with my contracts—if the rules aren't clear, I can only reduce my position and tighten stop-losses; otherwise, if I step into a trap, no one can save me.

In the group these days, there's been talk again about stablecoin regulation, reserve audits, and rumors of "potential de-pegging." When emotions run high, people are even less willing to pay royalties: first, to survive. Anyway, now when I see the words "royalty-free," I tend to think twice—short-term satisfaction, but who will take it seriously in the long run? I don't have the answer either; I can only trade while observing, covering my risks first.