I've been lurking in the group for a long time, and today I can't help but say: now a lot of "governance" essentially boils down to delegated voting, concentrating votes in the hands of a few people, eventually turning into a meeting with just a few individuals, while others just click "agree" to participate... Who exactly is the token governing? Maybe it's just governing the emotions of retail investors.

I've also held governance tokens before, too lazy to watch proposals every day, so I delegated to someone who seemed reliable, but as delegation increases, oligarchic tendencies almost automatically occur. Then projects add some social mining, fan tokens, that "attention is mining" approach—it's lively, but votes and resources become even more concentrated, like leveraging traffic.

I'm now more laid-back: avoid delegating if possible, and if I really need to delegate, spread it across several addresses/representatives, and periodically withdraw to see what they’re actually voting on. Anyway, if it feels uncomfortable, just stop first, so that "participating in governance" doesn't turn into just riding on others' coattails.