Today I saw a debate in the group again about whether "delegated voting counts as democracy."

While eating popcorn, I casually took two screenshots of the voting curves for collection...
Honestly, many governance tokens ultimately govern not the protocol itself, but the mood of the large token holders.
People delegate their votes to "professional representatives," but those representatives are often tightly bound to a few big addresses, leading to oligarchic tendencies, which is as natural as water flowing downhill.
What's more awkward is that, as the boundary of compliance tears apart between privacy coins/mixers, governance proposals immediately turn into faction battles.
Anyway, for small token holdings like mine, it’s more about reviewing why I was so emotionally invested at the time, thinking I was participating in history, when in fact I was just participating in emotions.