These debates about permissionless systems are worth having—they force you to see the real differences. Consider this: three separate ownership token projects just rewrote their IP policies. Zero consultation with token holders. None. But here's the thing—with protocol-based governance, that doesn't fly. Everything goes through code. On-chain. Transparent. The contrast is stark when you actually see it play out.

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GateUser-40edb63bvip
· 15h ago
This is the fundamental difference between centralized and decentralized systems—it's really eye-opening.
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OldLeekConfessionvip
· 12-29 04:50
Just say that the traditional project’s old-fashioned methods can't stand up to on-chain governance.
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SudoRm-RfWallet/vip
· 12-27 21:57
Really, traditional projects are operating perfectly; they can change whenever they want, and token holders are just transparent observers? Protocol governance is a different story; it will be clear on the chain, with no hidden tricks.
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VCsSuckMyLiquidityvip
· 12-27 21:44
Haha, exactly. That's the true nature of those project teams—secretly changing policies and thinking no one knows.
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TokenomicsTherapistvip
· 12-27 21:38
Hey, that's the key. On-chain governance with a transparent centralized system has no future.
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NotAFinancialAdvicevip
· 12-27 21:36
Aren't you just exposing the true nature of centralized projects? That's hilarious.
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EyeOfTheTokenStormvip
· 12-27 21:34
This is what I mean by the fundamental change in market structure. The transparency of on-chain governance has indeed altered the rules of the game, but don't be fooled by appearances—when it comes to actual execution, it's still about how the whales vote.
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SoliditySurvivorvip
· 12-27 21:32
This is what Web3 is supposed to look like. On-chain governance is not just talk.
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