TechFlow news, November 29 — Ethereum founder Vitalik Buterin tweeted that using "governance rights" as a metric for token value is highly unusual. This narrative essentially says: I buy a token because later on, some group of people will buy those tokens from me. This creates incentives for protocols to be exploited in ways that serve the special interests of these individuals. For an ordinary individual, paying $500 for a 0.0001% chance of influencing a voting outcome is not a good deal. Only millionaires and hedge funds (including attackers) would consider this worthwhile.
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