Just almost had an accident: when copying the address, I accidentally used a slip of the hand and pasted that “delegate” line as well. I only realized it was wrong before clicking confirm—my heartbeat shot through the roof… Anyway, it’s yet another reminder to myself: on-chain, the most expensive thing is “thinking you’re fine when you’re not.”

As for delegated voting, I’m getting more and more uncomfortable with it. On the surface, it’s “I give my votes to people who know better,” but in practice it’s all too easy for a few people to amass a pile of proxy rights. In the end, governance tokens may be “governed” by retail investors’ emotions and liquidity—not by the protocol’s direction. If you don’t delegate, voting costs are high and the information gap is large; if you do delegate, you’ve effectively packaged and handed off the power to speak.

Recently, social mining and fan tokens are the same, too. The slogan “attention is mining” sounds exciting, but ultimately the attention is often harvested by top accounts—which goes hand in hand with governance oligarchization. My approach is still the old playbook: position layering + don’t treat “voting power” as a sense of participation. If you can save your life, save your life first. Don’t expect that a single vote can change much.