Lately, I've been watching project governance votes, and the more I watch, the more it seems like a "Delegated Voting Contest": small investors just click a button to hand their votes to VCs/organizations, for convenience, and in the end, it's just a few people nodding or shaking their heads at proposals... They say it's community governance, but honestly, who is actually being governed? I used to seriously study proposals as a reverse indicator, but then I realized that whatever I vote for doesn't really make a difference, and shouting "buy" or "sell" seems more useful (bitter smile).

What's even more surreal is that people talk about governance, but in reality, they're focused on testnet incentives and points, daily guessing whether the mainnet will issue tokens. Voting seems more like a way to prove "activity," not about the direction. Anyway, my current strategy is: avoid delegating if possible, even if it means fewer votes, rather than sending votes to support oligarchs... Of course, maybe if I don't delegate, the project will immediately move toward the light (another reverse buff).