"If Binance is a state-owned enterprise and BSC is a state-owned enterprise chain, then all this will be explained" In my previous article, I talked about the extremely dangerous situation of Binance in an on-chain coup. Suddenly my friend told me that if you can accept a premise - "Binance is a state-owned enterprise, and BSC is a state-owned enterprise chain." Suddenly, all this will be done, and I even began to admire Binance's accuracy and thorough implementation. You thought you could influence the Emission distribution, but in fact it was the leader who "makes you feel involved." You think this is a reform, but it is actually a "cadre adjustment". You think it's a lightning vote, but it's actually "the organization has studied and decided." The abolition of governance is not an accident, but a plan. Isn’t what happened on BSC just a “reform of on-chain state-owned enterprises”? What did Cakepie do wrong? No. The only problem is that they are too "private" and have too much influence. This is glorious on the chain, but under the logic of state-owned enterprises, it is dangerous. As a result, an on-chain reform of "concentrating efforts to accomplish major tasks" was quickly implemented. Do you think it is a governance adjustment? No, it is "organizational cleaning". Do you think this is just a vote? No, this is "on-chain power seizure". You can't even say "Binance has taken action" because this is the "shadow operation method" commonly used by state-owned enterprises: do not show up, but control the overall situation. The most classic thing is that this "rectification movement" of governance takes place on the chain, within the rules, with legal processes, and everything complies with procedural justice. This is the advanced point: you have no reason to object in any form. From then on, the "new era" of BSC governance has officially begun, and we even want to thank this coup because it has made everything clear. The behavioral logic of Binance and BSC has been finally perfectly interpreted: Voting is just a tool of formal democracy, and power never belongs to those who lock the stock; DAO is just a temporary mobilization method and will eventually return to the "paternal governance track"; The so-called decentralization is actually "phase decentralization and final recycling." All of this is not a failure in governance, but a completion of governance. It’s not that DAO collapsed, but that DAO was “consolidated by state-owned enterprises.” Welcome to the new era of "Web State-owned Enterprise 3.0". Here, every vote is a ceremony for you to confirm your obedience. As you said, Binance is a state-owned enterprise and BSC is a state-owned enterprise chain. Then this "on-chain cleanup" that takes place in the name of governance is not only reasonable, but even admirable its technical accuracy and execution ability. It's just that it doesn't belong to DeFi. It also does not belong to the free crypto world. It belongs to the planned economy, on-chain version.