Lately, looking at governance voting has been a bit exhausting. On-chain, it says "decentralization," but when I open the delegation list, those top few addresses can easily dominate half the community... People delegate their votes to save trouble, basically packing their own opinions along with them. Not to mention some delegations include automatic re-delegation, looping around until all votes end up in the same handful of hands. Who exactly governance tokens are governing is really hard to say.

The NFT royalty war also looks a lot like this: creators want ongoing income, while trading platforms and buyers dislike it because it affects liquidity. In the end, whoever has the most say makes the rules. Anyway, I now prefer not to delegate if I can avoid it, even if it’s more trouble to vote myself. I tighten my permissions so I won’t wake up one day to find that the "community decision" has nothing to do with me.