Vitalik Buterin, co-founder of Ethereum, investigates token-based decentralised government. He claims that existing voting mechanisms are flawed and may be preventing the sector from reaching its full potential. The bulk of decentralised finance (DeFi) initiatives have been chastised for allowing whales to sway voting results. He predicted that it would lead to "vote-buying" and "outright attacks" on the outcome of governance votes.