Lately, the more I watch all kinds of governance voting for different protocols, the more it feels like “delegated voting = a hassle-free bundle.” And in the end, as you keep getting by in that way, it gradually turns into only a handful of big holders/institutions calling the shots… Governance tokens—who exactly are they governing? To put it plainly, they may be aiming to rein in retail investors’ sense of participation first. It’s not that everyone doesn’t want to vote; it’s more that they can’t be bothered to research and they’re afraid of voting wrong. So they just delegate with one click, and then it slowly becomes oligarchic.

This “AI Agent + automated trading” wave is also pretty similar. It’s the same story of “just hand it to the robot,” and the narrative is being hyped up. But what I care about more is how it signs, how much permission it has, and whether the contract has any traps. Anyway, if I can just click a couple of times myself, I’d rather not authorize unlimited access—I’d prefer the extra hassle.

What I don’t regret is that after I cleared out, I started treating “losing less” as the goal. Governance is the same: first make sure you don’t get hypnotized by the candlestick chart and slogans. If you can participate, participate a little; if you can’t, admit you don’t understand it. Let’s do it like that for now.