Lately, I've been looking at some protocol governance votes, and the more I watch, the more it seems like "delegated voting = convenience." Basically, it's just handing your vote over to a few big players or institutions, and in the end, who actually controls the governance tokens... well, it's not someone like me with a small position. On-chain, you can also see that once a proposal reaches a critical point, just a few addresses move, and the outcome is almost decided. At most, I feel like a "participant" with a sense of involvement.

These days, someone is also hyping social mining and fan tokens, claiming "attention is mining." I find it a bit exhausting to listen to: attention is indeed valuable, but ultimately, the power to settle things usually comes down to chips and networks, not how many posts you make.

What I fear missing the most isn't actually opportunities, but realizing I have no way to exit after handing over the keys. For now, since my position is small, I need to be more stubborn—vote if I can, and if not, just keep my assets in a cold wallet and stay passive.