Just had a look at the delegated voting data, and it’s a bit laughable and a bit sad. One big holder’s votes can outweigh a whole bunch of small retail investors’. As for those so-called governance tokens—put simply, they’re just a game where big holders draw circles around each other. The money we small players put in can’t even make a sound.

Recently I’ve been reading debates about privacy coins and mixers, and both sides have been arguing pretty fiercely. One side says anti–money laundering must be enforced, while the other says privacy is a basic right. I’m actually pretty conflicted. I feel compliance is necessary, but I also feel privacy shouldn’t be treated as a target to shoot at. Still, to be honest, no matter how many governance tokens you “plant,” the harvest at the end is still for the people holding the big tools.

Forget it—let’s call it the “pest control” step in gardening. Sometimes you step into a trap, but it’s better than pretending to sleep forever.