Over the past two days, I keep seeing DAO voting proposals. On the surface, they’re written as “incentivizing user participation,” but if you look closely, it’s really about reshuffling power: who can make proposals, who can change parameters, who receives subsidies, and even voting rights are quietly being concentrated little by little into a small number of addresses… To put it bluntly, it’s locking the future’s steering wheel into their hands first. With high APY, I’d look for 刀 first—DAO too. Where the subsidies come from, who they’re paid to, and who is harder to drive out after the money is sent—these are the real key issues.

By the way, I also saw a debate in the group that split everyone into two camps over privacy coins/mixers and the boundaries of compliance. It actually feels quite similar to me: people are arguing over “values,” but what truly determines the proposal is “who has the authority to press the button.” I’m a bit tired, but I’m still here. Before voting, at least flip through a couple more pages—don’t just focus on that one line, “beneficial to the ecosystem.”