Lately I've been looking at governance voting records for several projects, and the more I look, the more uncomfortable I feel: in theory it's "community decision-making," but in reality, a bunch of votes are delegated to the same familiar faces, and in the end, a few people keep transferring authority among themselves, like voting in a small group. Honestly, governance tokens don't actually govern the protocol; they govern who can gather more attention and trust votes.



What's more awkward is that many people get tokens but are too lazy to read proposals, so they just delegate with one click, not wanting to spend time; as a result, the easier it is, the more oligarchic it becomes. Recently, attention shifts driven by memes and celebrity shout-outs follow the same logic: everyone chases the hype, and the last person to take over ends up the worst. Veteran users advising newcomers not to rush is actually quite realistic.

Now, whether it's interaction or voting, I first consider the cost: spending half an hour reading proposals to see if it's worth it, who to delegate to, how long to wait before withdrawing, and whether it can be split. Avoid turning "participation" into just helping others boost their status. What I've learned isn't tricks, but that taking shortcuts shouldn't be seen as a neutral choice.
MEME-8.04%
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