I started recording which L2 each bridge token goes to, and which governance votes I casually participated in (mostly delegated to addresses that look "very professional").

The more I kept track, the more uncomfortable I felt: governance tokens are said to be "community co-governance," but in reality, many times my small votes are automatically collected by a few large accounts.
Honestly, it's about controlling voting power, not the product itself.
I can perceive the low bridge fees and fast block times, but who is behind the scenes setting parameters or changing incentives?
I often only find out afterward... Recently, the community has been arguing about the compliance boundaries of privacy coins/mixing, with some feeling it's about freedom, and others fearing repercussions.
The same goes for voting—people shout about decentralization, but in the end, it’s just a few individuals making the final decision, which is quite realistic.