Just checked a proposal vote. The page says the “participation rate is pretty high,” but when I clicked in, it was basically just delegated votes doing all the work—addresses get passed around a couple of times, and the whole thing looks like it was pre-scripted. To be blunt, I’m not sure whether governance tokens actually solve anything, but they definitely put my delusions to rest first: I thought I had a vote, but in reality I only have the right to watch… And now the on-chain data tools’ tagging system keeps getting criticized for being laggy and misleading—no wonder everyone ends up “reading the charts” and feeling more and more reassured. The more reassured they get, the more votes they hand over. Anyway, now whenever I see “delegate,” it triggers the reflex: count me out—I’m out of here first.

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