Delegated voting—put simply, it’s “I can’t be bothered; you vote for me.” The more people delegate, the more the voting power gets concentrated, with a few big whales holding all the votes for the whole village. Governance tokens? It’s “governing” by curing—treating the patience of retail investors.

Social mining has also been getting hot lately: trade attention for coins. It sounds like a brand-new narrative, but if you think it through, it’s the same old recipe—early entrants define the rules, and latercomers end up taking the bag. I treat complexity as the enemy, so I’m not touching it for now; I’ll wait to see where the money actually swirls.