Not only is on-chain coin-based governance inconsistent with user interests, it is also antithetical to the ethos of public blockchains. The blockchain is for the public, to serve the public interest. It isn’t for cryptocurrency whales to get more rich.
Against on-chain governance
Vlad Zamfir
2K18

Is Vlad right here? … about the (meta?)coin-based governance — cf. Sumu’s asset-coin / BOF central-bank coin as a Sumu metacoin? I really hope this discussion soon gets more discussants, especially people who have been doing governing. Otherwise this remains academic and only way to find out is to go out and test

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