Machi Brother has blown up again with a loss of 22.9 million dollars! Does the "democratic" governance of DAO also escape the curse of the "whales"?🐳

Hey, friends in the crypto circle, have you been bombarded by the news of "Machi Brother" blowing up again? Brother Huang Licheng's ETH long position has been forcibly liquidated again and again, with cumulative losses exceeding 22.9 million dollars! This operation is simply a classic counterexample of the "old-timer's storytelling session"! 😂

You see, even this kind of veteran in the crypto world can't withstand the ruthless harvesting of the market, so shouldn't we small retail investors be even more cautious? 🤔

This reminds me of DAO. Everyone is praising DAO's "decentralized governance" and "community democracy", which sounds beautiful. But what is the reality? Low voter turnout, information asymmetry, and most importantly, those "whale" big shots, their voting power is like an infinite gem, they can vote however they want! 💎

Although Machi Brother is not a DAO, isn't his "whale" level operation also reflecting that, in a "decentralized" world, wealth concentration is still a big problem? Will the governance of DAO eventually also become a "one-man show" of a few whales? 🤷‍♀️

What do you think, how many Machi Brother's liquidations are there between the ideal and reality of DAO? Let's have a "soul-searching question" in the comments!👇 #DAO #Machi #巨鲸