"Why do people not participate in governance?"

Goes to vote -> Two on-chain transactions to cast one vote.

Even though it's a rollup that's $1 per vote. So ~$5 on 10 onchain transactions just for signaling.

Can't ask this from the masses. Terrible UX and expensive.

We won't see governance participation like this.

Founder of @rotkiapp🐦, the portfolio tracker that protects your privacy.

#Berlin. University of Tokyo graduate. Marathon runner. #ethereum developer. #birding

Perhaps a side note but another reason is lack of clarity around personal liability risk that may exist when the typical corporate structures are not in place.