I feel like, for a lot of governance tokens, what “governance” is really about right now is mainly a few big holders/proxies, right? It’s not a conspiracy theory—once delegated voting is rolled out, in the end it turns into a small number of addresses just clicking buttons, while ordinary people can at most contribute a nominal sense of participation. I’ve looked at a few proposals; the discussion area gets quite heated, but the moment you actually reach the on-chain vote, once the pooled votes/“vote pile” is wiped out, it’s over… To put it simply, the process is very democratic, but the resul
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