A governance attack was carried out on the Compound protocol, in which whales put forward a vote to allocate 499,000 COMP tokens to the address. The community was against it, but the whales were able to get more "For" votes and get approval for the vote. 🤝
It is always very easy to hide behind decentralization, because you can ask the protocol for $24 million for your personal expenses
Once again, using a small example of one protocol, you can clearly see that decentralization is a utopia! Now imagine that in the future, people will be offered completely transparent elections on the blockchain in countries! Yes, it will all be public, every wallet vote will be taken into account, but each wallet, firstly, will be tracked and lose its anonymity! And secondly, big players will still create millions of wallets, simulate verification of these wallets and the voting will end the way they need it!
Motivation and a beautiful dream are very easily sold in the world! The crowd will swallow everything $COMP
