I saw someone saying, “Who is actually being governed by governance tokens?” lol—that’s exactly my mood every time I open the voting page.

Delegated voting is supposed to lower the participation threshold, but in the end, all the votes funnel to those few familiar big nodes. I did the math: the top twenty delegated addresses can take up 70–80% of the votes. It’s not much different from an oligarchy… Anyway, my little votes—throwing them in is just psychological comfort. For now, that’s how it is.

Things have been heated lately with the MEV issue. As for “ordering fairness,” it’s basically the same problem—whoever’s loudest is always heard first. Us on-chain retail folks spend gas carefully and calculate everything half to death, only to realize the rules of the game were written in advance.

Sometimes I really miss those early, rough governance days—at least the roughness was real. Now the more official and regulated the process gets, the more it feels like going through the motions. Forget it—I still need to keep notes. Next time when checking for sybils during an airdrop, I might end up using them… After all, the meaning of long-termism is, basically, cursing while continuing to interact.