Tokens that get their value from "governance rights" are mostly bullshit.
In order to assess whether the governance rights are actually valuable, look at 3 related areas:
- Scope
- Scale
- Selfish Benefits
Quick š§µ
Web3 aims to expand ownership re: A) economic upside &B) governance. IMO:
A is underratedāGiving upside to >1000x more stakeholders can disrupt the network effects of aggregators
B is overratedāThere'll be some positives, but we'll experience the downsides of unclear leadership