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RE: What phenomenon is this?

in #can2 months ago

I think this is an ideal analysis of how this ecosystem works.

However, since this ecosystem relies on social governance, any shortcomings must be addressed with effective proposals that "satisfy the majority" and are supported by the community, as is always the case.

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The problem is that this "majority" is a minority with a lot of power. That's the biggest downside of stake weighted projects. Just because you have money, it doesn't make you a good person. This is especially true in the internet with people hiding behind their computer screens and backed up by their wallets.

I agree with you and I find this really unfortunate.