To be honest, lately I've been looking at some on-chain governance votes, and the more I look, the more it seems like a "delegated voting contest": people talk about decentralization, but in practice they just dump all their votes into a few familiar addresses... So who exactly is the governance token really governing? Maybe it's just a form of self-comfort for retail investors. Clearly, they could review proposals themselves, but most of the time they're just lazy or can't understand them, and in the end, it turns into an oligarchy meeting, with me just watching on the side pretending to participate.

By the way, it made me think of social mining and fan tokens, that "attention as mining" concept—sounds pretty cool, but in reality, it’s more like turning attention into a tradable voting stake... I’m not sure if it’s a false proposition, but every time the hype heats up, the delegation list gets more concentrated. Reminding myself not to be the last to act, but I can’t help but want to join the fun—it's quite contradictory.