Lately I've been looking at governance voting again, and the more I look, the more uncomfortable I feel. Delegated voting was originally meant to prevent people from being too lazy to vote, but as I watch, it turns into "a few people representing the whole village." Honestly, who does governance tokens really govern... I feel embarrassed to even click on the voting page with my small holdings, like my votes are just air.



Am I being too sensitive?
Maybe, but when real money is involved, who isn't sensitive?

Especially these past two days, with the main chain planning to upgrade/maintain, everyone in the group is speculating whether the ecosystem will move. I think governance is just an amplifier: a big holder says "support migration," delegated votes roll in, the conclusion is instant, and ordinary people can only accept it. Anyway, my current approach is very simple: I avoid delegating if I can, and if I do, I change it regularly. Plus, I always review the signature popup and domain name three times before voting—don't discuss "decentralization" while handing over keys and control.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin