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Just saw a voting proposal, and after thinking it over, I decided not to vote. Not because I’m too lazy to move—I genuinely feel that casting my one vote is no different from throwing it into the sea.
Governance tokens—plainly speaking—are like “ballots” in the crypto world. But look at what’s happening now: most people holding tokens don’t even care about proposals at all. Either they just leave them there gathering dust, or they one-click delegate them to so-called “professional representatives.” The result is that a few whales or institutions hold tens of thousands of votes, and whatever the proposals end up changing is basically decided by them. What difference is there from oligarchy? It’s just a different shell.
Recently, big on-chain transfers are often interpreted as “smart money.” In fact, many of them are simply whales reorganizing their wallet positions, or switching protocols. But everyone is just too keen on following the trend.
What I’m most afraid of isn’t slowness—it’s chaos. Slowness is that the governance process moves slowly; as long as you sort things out clearly before voting, that’s fine. Chaos is when power is dispersed but no one actually uses it, and in the end it’s still being controlled by a small number of people—while they pretend it’s decentralized.
I still hope that in the ZK ecosystem, an anonymous and equal voting system can really take off—at least so that every holder has genuine weight. That’s all for now. I had a moment of impulse and wanted to share my thoughts—please go easy on me.