After taking a look at the governance proposals, I suddenly thought—shouldn’t our delegated voting be just like a community homeowners’ meeting? Votes are all delegated to a few enthusiastic guys, and those guys also have their own businesses to run; in the end, it’s still the same few households that get the final say. Who does governance tokens govern? To put it bluntly, it governs people like me—the lazy ones who can’t be bothered to read proposals or vote. But those guys aren’t doing it easily either. Every time they vote, it feels like they’re walking a tightrope. And about the recent cross-chain bridge hack—everyone’s been waiting for oracle quotes to recover and for on-chain confirmations. In those few minutes, it’s basically equivalent to delegating trust to a “waiting” consensus mechanism—just don’t move yet, wait for the big shots to sort things out. Sigh… I don’t know whether this kind of “waiting” counts as an even more covert form of oligarchy.

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