Just finished brushing through tonight’s DAO votes, my hand even reached for “Approve” and then pulled back—first, I went through the few lines of small print in the proposal attachment. To put it plainly, voting was never just about a “technical roadmap.” More often, it’s about this: who gets the incentives, who ends up on the multi-sig, and who can change the rules later. Those lines about “rewarding contributors” look warm, but they conveniently help cultivate the voter base too. Throw in a temporary committee, and the longer it goes on, it turns into the default power center—no matter how many votes the opposition has, it just feels like they’re shouting into the void.

Recently, the modularization and “DAO layer” narrative has everyone talking up developers, creating an atmosphere where ordinary users look completely lost—something that’s pretty obvious in the voting as well: the more terms you pile on, the easier it is for “the professionals” to steer the narrative. Anyway, my discipline right now is: first check the incentive distribution and permission changes, then look at the technology. Leave impulsiveness to small-cap projects—I really can’t let myself get carried away with governance.