Just saw someone venting about a new L2 launching an incentive program—then a bunch of people swarmed in to farm and run. So funny. Honestly, it’s not surprising at all. You’ve seen this kind of script too many times: in the end, it’s always farm-to-sell. Who cares about governance?

To be honest, I’m increasingly feeling that governance tokens are kind of “虚” (hollow). Voting power looks fair, but in the end, don’t the big holders still decide? Delegated voting sounds nice, but stripped down, it’s just a few people controlling everything. If retail votes, it’s basically the same as not voting. I’d rather put my coins in a multisig—locked down tight—and not count on changing anything through voting.

Before, I joined the governance of a certain protocol. Looking at the proposals, it was all interest parties duking it out—ordinary people couldn’t even get a word in. Anyway, my attitude now is: let them govern. I’ll manage my own multisig and permissions. Security first—if it’s slower, it’s slower. At least every step I take has been confirmed by me, so I won’t get caught off guard by some sudden proposal.