Recently, I’ve been seeing a bunch of “delegated voting” again. It claims to let professionals handle governance, which sounds pretty reasonable—but the more I look at it, the more it feels like handing the microphone to just a few addresses with the loudest voices. In the end, what does token-based governance actually govern? To put it bluntly, a lot of the time it’s governance over that little “sense of participation” ordinary people have—everything else is left to oligarchs exchanging nods with each other.

The group chat is also pretty interesting. Some people campaign seriously and write long posts, while others just throw in a single line: “Stop arguing—anyway, in the end it’s still those few who call the shots.” I’m sitting in the middle watching, and my heart feels both a bit cold and a bit numb.

That whole economic crash in blockchain games is also like a mirror: once inflation kicks in, studios move in, the coin price spirals downward, and in the end only “whoever can hold on” stays standing. Governance is the same: the lazier someone is about voting, the more they get represented—and the more they get represented, the lazier they are about voting. Let’s leave it at that for now; I really don’t know how to fix it.