I saw a post on X (Twitter) about a splinterlands proposal; basically, X is one of those places where splinterlands marketing and proposal talk thrives; many players who do not post on Hive but do on X actively participate in the game's governance. I have no idea about this proposal or what it entails.
In fact, I am not sure if it is a good one or not, and I do not think it has to be good or bad as long as it is what the big boys want. Even if it is not what they want, you could take some extra time to persuade them, maybe appeal to their benevolence, shake hands, have a nice conversation with them, and the proposal might just pass. It seems democratic and political, does not it? Indeed, it does.
"Over-ownership" Means Having money that overstates your voice
Why not?
This is one aspect of web3: while we prioritize ownership, we did not realize "over-ownership" could be a problem when it comes to progress and making the right decisions.
Governance Is Skewed on web3
Governance on anything web3 is always going to be skewed, because over-ownership allows people to overly exert their personal opinion, sentiments, and emotions, which can be compromised because of the depth of their skin and voice.
For example, knowing that your stake is enough to pass a proposal that pays thousands of dollars to the proposal's owner creates god-like power, and this is when a person begins to feel proud; the need to be worshiped, consulted, respected, and adored for having that much power and skin in the game (pun intended).
I mean, it is not their fault; it is just how humans are; when your ability to say yes or no has a lot of deciding power, it makes people feel empowered. I understand that anyone can put in money to compete or counter behaviors like this, but how many people in web3 have enough money to matter? Not very much, I believe.
This is why wealthy people in the web3 space believe that everyone must follow the money in order to be relevant, and that if you do not have money, you are irrelevant. It is one of web3's most notable flaws and strengths, and it appears to be more of the former than the latter.
Follow The Money Or Not
So this guy is furious that his proposal might not pass because he has not robbed fingers with the fingers, but I am sure he is been in politics and it is worked for him, and because he is probably trying to get out of politics, his proposal might sadly fail. I mean, does not it feel horrible?
I think he's probably backed out of the politics because he doesn't want to be in there again, it's rotten and dirty business, and sometimes people become too tired of being told to play the game to have their voice heard.
However, it is a sad situation in which people are ranting and protesting.
If there is one thing I know, it is that even the wealthy can make mistakes. The fact that they are wealthy does not guarantee that they will always be right. However, in web3, having skin in the game increases your value, and your opinion is almost like a decree.
On the bright side, it means that people can try to improve their standing so that they matter, which increases the project's value. To be relevant on web3, you must have more than just wit or brilliance, and it is not all rainbows and sunshine; politics can be extremely diabolical.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
Posted Using InLeo Alpha
