Lately, watching governance voting makes me more and more anxious… A bunch of people delegate their votes to save trouble, in other words, outsourcing the “hassle,” but in the end, it always concentrates in the hands of those few big wallets or a few celebrity representatives. Oligarchic control is not a conspiracy; it’s a natural result of laziness. Then the proposals pass, but who exactly is the governance token really governing? It feels more like it’s managing retail investors’ emotions and exit routes.



The wave of privacy coins and mixing services has also caused a lot of heated and divisive debates—on one side shouting for freedom, on the other fearing strict compliance enforcement. In the end, it all comes down to who can control the interpretation of the rules. Anyway, I see simplicity as a trap: the more someone says “just leave it to the professionals to vote,” the more it resembles the calm before the storm. First, use less leverage, and try to click your votes a couple of times yourself.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin