Recently, I keep seeing a bunch of social mining and fan token projects shouting “Attention is mining.” I’m just going to treat it as noise for the time being… The more lively it gets, the more I instinctively flip through the governance voting records: who is voting, and who is winning.

Delegated voting—plainly speaking—seems pretty convenient, but it’s also quite easy to drift toward oligarchization: when everyone can’t be bothered to do research, they just one-click delegate to the few who look “the most professional,” and in the end, governance tokens end up looking more like “governing the people who hold the most tokens / have the loudest voices.” Protocols change parameters and adjust incentives, and ordinary people really find it hard to get a say.

Why am I staying calm? A very down-to-earth habit: whenever I feel like impulsively getting involved, I first sleep on it; the next day, I only do one thing—read the proposal text and also finish reading all the dissenting opinions, then decide whether to get involved. A lot of traps are the result of being carried away by emotions in the moment; only after I wake up do I realize I was just adding bricks to someone else’s voting power… That’s it for now.