Recently, I unfollowed a project again... I originally followed it to see if governance could truly be "decentralized," but the more I looked, the more it seemed like delegated voting was just outsourcing power: I cast my vote to save effort, but it ended up looking more and more like a fixed team on the other side, with proposals written in flashy language, ultimately serving the interests of just a few people. Frankly, token governance is often just putting a "correct process" shell around oligarchic control. The kind of inflation + studio + token price spiral seen in blockchain games also looks quite similar; everyone is chasing short-term incentives, leaving behind only an empty shell narrative. Anyway, now I focus on governance by looking at voting concentration and delegation relationship graphs—don't just look at slogans.