Last weekend someone paid just 5 ETH (~$10k) to control $6.5M worth of Arbitrum votes.

That's more voting power than Wintermute and L2Beat combined.

The token voting model is fundamentally broken.

But there's a solution that makes vote buying impossible 🧵

1/ Here's what happened:

Guy spent $10k on Lobby

- Got control of 19.3M ARB votes
- Used it to elect someone to committee
- That position pays 66 ETH
- 13x return on investment

Would you trust a system where votes are this cheap?

2/ The dirty secret of governance:
Token voting was always a hack.

It gives you two terrible choices:
- Rich whales control everything
- OR
- Votes get bought for pennies on the dollar

There has to be a better way.

3/ Enter Futarchy:

Instead of voting or buying votes, you BET on outcomes.

Want to make a governance decision?
- Set a measurable goal (token price, revenue, etc)
- Let people bet which option achieves it
- Execute what the market predicts will work

4/ Why this kills vote buying:

Try manipulating a prediction market:
- You need massive capital
- Market fights back
- You lose money if wrong
- No guaranteed return

That 13x governance hack? Impossible under futarchy.

5/ Look at what happened at MetaDAO:

Someone tried testing their futarchy market with a controversial proposal to mint tokens at below market price.
Result?

- Generated $380k+ in trading volume
- Market naturally defended itself
- Bad proposal failed
- System worked as designed

6/ The economics are beautiful:

Can't buy votes
- Must risk real money
- Market punishes bad actors
- Experts naturally have more influence
- Decisions based on expected outcomes

No more cheap governance hacks.

7/ This gets even better:

In futarchy:
- Manipulation gets expensive fast
- Good predictors gain influence naturally
- Incentives align with outcomes
- No more plutocracy OR vote selling

It's governance that actually works.

8/ We're seeing early adoption now:

- @Optimism building futarchy infrastructure
- @MetaDAO proving it works
- Multiple DAOs exploring implementation
- @Polymarket and @Truemarketsorg showing prediction markets work

The revolution is already happening.

9/ The future of governance isn't about who has the most tokens or who can buy the most votes.

It's about creating systems where good decisions naturally emerge from market forces.