Late at night, I was scrolling through on-chain activity again and saw that another governance proposal had passed. But when I looked into it closely, the voting power was basically concentrated in the hands of a few big whales. Delegated voting? To put it plainly, it’s letting a small group of people decide for you—what’s the difference from real-world oligarchs? In the end, governance tokens—who are they actually governing? As for the votes I hold as a small retail investor, they might as well be air. Lately, everyone’s attention has shifted to Memes and celebrity “buy now” signal calls. Old-timers advise newcomers not to take the last step, and that feels pretty right, but nobody seems to care about these cold, hard governance issues. Peaceful in words, but still a little chilled inside. For now, that’s it—I’ll keep browsing my on-chain activity.