Recently, I've come across a bunch of screenshots of large transfers on the blockchain and unusual movements in exchange hot and cold wallets, paired with the phrase "Smart money is moving," which makes me both want to laugh and feel a bit guilty... Actually, the real "rhythm" isn't in the transfers themselves, but in the details of DAO proposals. The softer the proposal is written, the more you need to watch out for how incentives are distributed: whether the budget is spread evenly like rain, or only allocated to a few major service providers; whether voting rights are calculated based on tokens or delegated to a few long-term representatives, in other words, who can keep pressing the button long-term. I see the comments arguing "build/stop building," but I care more about who gets the keys and who gets the paycheck after voting. Anyway, now I first check the budget sheet and voting thresholds when I see a proposal, and only get emotionally involved afterward.

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