"tokenholders CONTROL the treasury" and they literally do, because no one can spend the treasury unless tokenholders agree with an onchain state change), then great... ....if it doesn't work (eg, tokenholders actually just do a snapshot and someone else obeys them, so tokenholders "GOVERN" it but don't "CONTROL" it), then "governance" is being used to scam (again, often inadvertently) just think this way, and you will be far better off and not waste your attention nick szabo used to follow me. then he blocked me because I talked positively about "governance". he was right, took me getting older and more years in crypto to see it." /> "tokenholders CONTROL the treasury" and they literally do, because no one can spend the treasury unless tokenholders agree with an onchain state change), then great... ....if it doesn't work (eg, tokenholders actually just do a snapshot and someone else obeys them, so tokenholders "GOVERN" it but don't "CONTROL" it), then "governance" is being used to scam (again, often inadvertently) just think this way, and you will be far better off and not waste your attention nick szabo used to follow me. then he blocked me because I talked positively about "governance". he was right, took me getting older and more years in crypto to see it." /> "tokenholders CONTROL the treasury" and they literally do, because no one can spend the treasury unless tokenholders agree with an onchain state change), then great... ....if it doesn't work (eg, tokenholders actually just do a snapshot and someone else obeys them, so tokenholders "GOVERN" it but don't "CONTROL" it), then "governance" is being used to scam (again, often inadvertently) just think this way, and you will be far better off and not waste your attention nick szabo used to follow me. then he blocked me because I talked positively about "governance". he was right, took me getting older and more years in crypto to see it." /> "tokenholders CONTROL the treasury" and they literally do, because no one can spend the treasury unless tokenholders agree with an onchain state change), then great... ....if it doesn't work (eg, tokenholders actually just do a snapshot and someone else obeys them, so tokenholders "GOVERN" it but don't "CONTROL" it), then "governance" is being used to scam (again, often inadvertently) just think this way, and you will be far better off and not waste your attention nick szabo used to follow me. then he blocked me because I talked positively about "governance". he was right, took me getting older and more years in crypto to see it." />

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_gabrielShapir0
@lex_node
16-yr corporate attorney, now tokenizing companies at @MetaLeX_Labs ex-BigLaw Buyside Tech M&A (Weil, Hogan Lovells) ex-@Delphi_Labs GC @BrownUniversity grad
Joined January 2018
6.8K Following    77.5K Followers
listen guys, I know it's a bitter pill I know many of you (like me) got interested in crypto because of DAOs etc. "governance" is largely a word used by scammers. most don't know they're scammers. they think they are doing something good and innovative. next time you see something about governance, switch "governs" or "governance" for "control". if it still works (eg. "tokenholders GOVERN the treasury"--->"tokenholders CONTROL the treasury" and they literally do, because no one can spend the treasury unless tokenholders agree with an onchain state change), then great... ....if it doesn't work (eg, tokenholders actually just do a snapshot and someone else obeys them, so tokenholders "GOVERN" it but don't "CONTROL" it), then "governance" is being used to scam (again, often inadvertently) just think this way, and you will be far better off and not waste your attention nick szabo used to follow me. then he blocked me because I talked positively about "governance". he was right, took me getting older and more years in crypto to see it.
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Kind of makes that whole process last year seem pretty pointless