I just finished reading a DAO proposal and saw right through it. The turnout is pathetic—not because everyone’s lazy, but because they can’t be bothered to sit through the process. The proposal says “community governance,” but on closer inspection, the grant distribution, the approach for subcontracting work, and the lock-up/unlock schedule are all tucked away in the fine print—in other words, whoever pays gets to call the shots. If someone tips you gas and you only move then, the vote you’re casting is basically a pay-for-incentive scheme wearing a sheep’s clothing. Lately, speculation about testnet points and mainnet token issuance has been flying everywhere—some people vote enthusiastically, but all it really amounts to is building expectations for future airdrops. Anyway, I’m used to first checking where the “exit path” in the proposal is; otherwise, no matter how pretty the power structure looks, once liquidity gets pulled, all that’s left is air. That’s it for now.