Last night, I was a bit annoyed after reading DAO proposals—on the surface, they say “optimizing incentives,” but you can tell at a glance how power will be redistributed: who can make proposals, who can change parameters, who gets the long-term budget… in plain terms, it’s just turning the steering wheel a tiny bit toward their side. What’s even more ridiculous is that many people only look at the line for airdrops/subsidies; voting feels like snatching red envelopes. I’ll get swept up in the momentum too, and then I start to feel anxious: am I actually participating in governance, or am I being led around by incentives?

Recently, I’ve also been hearing rumors that a certain region will raise taxes—tightening compliance for a while, then relaxing it again. My expectations for deposits and withdrawals are getting swung between hot and cold; at times like this, everyone is more likely to treat “what can be squeezed out” as the only certain thing, and their votes become even more short-sighted. Just now, for a moment, I even wanted to leave a few governance groups and uninstall the wallet plug-ins—so I wouldn’t keep getting tugged around by my emotions every day… but when I calm down, I still won’t move; at least I’ll read through the permission boundaries in the proposals first, and then decide which side to stand on. My best trades are pretty boring anyway, and maybe governance should be boring too.