I greatly admire the 0x team in all regards, really they’re awesome and doing amazing work, but I’ve yet to hear a coherent argument for value from governance that survives concrete examples.
If 0x network does what I want, I don’t need to own any, voting isn’t necessary for me (and costly because it requires tying up capital in a volatile asset.)
If it doesn’t do what I want, there’s 3 possibilities: I own a small amount of 0x, too little to swing the vote, pointless. I own enough to swing the vote, in which case I’m probably such a giant player in the ecosystem that I could likely fork and take other players w/me since what I want also probably extends to other big players in a similar position. Actually, that’s it. That covers the big cases, and in each one, owning 0x is an opportunity cost and risk without concrete governance reward.
2019-02-01 | Full Review