Lately, I've been a bit exhausted from governance voting... claiming it's "community decision," but in reality, a bunch of people just delegate their votes to a few big accounts, and they don't even bother to open the proposals themselves. Delegation is quite reasonable initially, saving time, but gradually it turns into oligarchy: on the surface, many addresses are voting, but in reality, only a few fund flows are circulating, and when the turnover slows down, I start to become suspicious.

And sometimes, "whales" aren't necessarily bad actors; it's just that once everyone outsources responsibility, who is actually governing, and who is being governed, becomes very blurry. Recently, the NFT royalty debate is also the same feeling: creators want stable income, platforms want liquidity, and in the end, after the vote passes, it's often the middlemen who benefit the most... Anyway, when I see large addresses suddenly expressing collective opinions, my first reaction isn't to follow, but to wait a couple of days to see if it's a false move.