Lately, the more I watch governance voting, the more uncomfortable I feel. Clearly called "community governance," but the common scene is: a bunch of people directly delegate their votes to a few big accounts. It's convenient, but honestly, it’s a bit oligarchic... Who exactly is the governance token governing? Maybe more like governing the "me who is too lazy to read proposals."



The social mining approach is also quite similar—fan tokens, attention as mining. It sounds lively, but in reality, it’s just whoever can gather more eyeballs gets more rewards; it doesn’t seem like a false proposition, but it also doesn’t quite align with the original intention of "decentralization."

My current approach is quite timid: if I can review it myself, I vote myself; if I must delegate, I spread it out to different people, and I also check what they’ve voted on before. I don’t just delegate with one click and entrust my brain as well. I still believe that serious discussions on governance can at least help the protocol avoid some detours.
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
  • Pinned