Lately, I’ve been looking at a few DAO proposals, and the more I look, the more I feel that voting is not just “yes/no.” To put it plainly, it’s about writing incentives and power structures into the contract. A lot of people only stare at the surface-level “freebies,” without digging into who gets what, how long they have to lock it up, or whether there are any buyback terms. As a result, after a round of “incentives,” the votes end up being squeezed even tighter by a few big whales and delegates. The inflation + studio-driven spiral in blockchain games is similar, too: once the incentive design goes off track, participants are left with only arbitrage and the outcome of slipping away/escaping. Anyway, before I vote, I first figure out who the biggest beneficiary is, and I don’t get too carried away with my own votes—staying cautious is both easier and less troublesome.