Recently, I've seen a bunch of "delegated voting" again, claiming to be governance, but it actually looks more like just handing your vote over to a big player and then comfortably pretending you didn't see anything. To put it plainly, who does governance tokens govern? Mostly it’s an illusion for retail investors: you think you're participating, but in the end, the decision is still made by those few institutions/nodes, and oligarchic control is so smooth.

What's even more amusing is that the small income of miners/validators and the MEV ordering issues have been criticized quite fiercely, with everyone scolding loudly. But when it comes to voting, everything is fully delegated... After discussing fairness for a long time, it still boils down to "who can campaign better, who makes the call."

I used to be extremely obsessive, often saying "I only look at on-chain data," but even on-chain info can be packaged quite nicely; then I went to the extreme "I only look at sentiment," which is even worse—easily impulsive, chasing after arguments. Now, after reflecting, I have one conclusion: if you can avoid delegation, don’t delegate. At least click yourself; even if you vote wrong, it’s better than pretending to participate. Anyway, I’ve been overwhelmed before, so I’ll keep learning with a thick skin.