I'm not very good at heated governance debates, but every time I look at DAO votes I first think about "how incentives are distributed," "who can veto," "who holds the execution power"... Frankly, no matter how beautiful the proposal is, it all ultimately comes down to the power structure: who holds the multi-signature, who controls the budget rhythm, who can interpret vague clauses into their own version. Many people focus on the "pass rate" of votes, but I care more about the specific execution steps after voting—whether someone is responsible, whether there is a timeline, whether there is an exit mechanism. The recent wave of mudslinging over NFT royalties is also quite similar: on one side talking about creator income, on the other about secondary liquidity, but in the end, it still depends on who can embed the rules into the market, into the contract, into default options. I trust the process, but if the details aren't clarified, the process is just there to be bypassed.

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