I almost had a crash just now… I was about to vote on the DAO, but I copied the address one digit wrong, and when I clicked confirm, my heartbeat shot straight to my throat. Luckily, the wallet popup warned “Unknown Contract,” and I stopped. The first lesson I learned on the day I cleared my holdings was: slow down, being smarter is more important.

Also, I took a look at the proposal, which on the surface says “optimize incentives,” but in reality, it’s about consolidating voting power among a few delegates, and the rewards are more skewed toward large holders who can lock their tokens long-term. Basically, how the incentives are written ultimately determines who has the final say.

Recently, everyone’s been complaining about miner/validator income, MEV, and the fairness of transaction ordering. I can understand: when on-chain rules change, the first to benefit are often not retail investors. Anyway, before I vote now, I first look at “who benefits, who gets diluted,” then participate in batches, so I don’t get hypnotized by a bunch of pretty words.