Last night, I was out on a night run, watching the blockchain and scrolling when I saw someone shouting, “Governance voting is here—go vote now.” I thought delegated voting would give even lazy people a voice, but in the end it just shoves the votes to a few familiar faces. What it looks like is “community decision-making,” but what it really feels like is a small meeting behind closed doors among a handful of people. To put it bluntly: governance tokens—govern what, exactly? It feels like they’re governing retail investors’ anxiety. If you don’t delegate, you’re afraid of missing out and being absent; if you do delegate, it’s like handing over the remote control. Recently, once rate-cut expectations shifted, the U.S. Dollar Index and risk assets started going haywire together again. Everyone’s emotions swing back and forth, and voting feels even more like lining up and taking sides with the wind. Anyway, before I vote now, I first check whether the proposal is written in plain, human language… As long as the mainnet doesn’t suddenly get ridiculously expensive, I’ll be grateful.