Back to collectionSisyphus Abstains as Losses Shadow the Vote
The argument over XIP-1 continued, with support, opposition and abstention all choices for token holders. Sisyphus abstained, saying only, “No vote can get me back to my cost basis.” His abstention exposed a circumstance beyond the ballot: governance could decide how resources were allocated, but it could not erase each person's past purchase price.
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The argument over XIP-1 continued, with support, opposition and abstention all choices for token holders. Sisyphus had joined the community discussion at the time of the airdrop and still carried the weight of his purchase cost. He heard others discuss the proposal but struggled to connect its provisions to his losses.
Sisyphus abstained, saying only, “No vote can get me back to my cost basis.” Someone wanted to persuade him to choose a side, but he did not turn his frustration with the price into support for or opposition to any particular provision. The group kept talking; others still had to read the terms, arrange their delegation and decide how to vote.
His abstention exposed a circumstance beyond the ballot: governance could decide how resources were allocated, but it could not erase each person's past purchase price. Sisyphus stepped back from this argument for now, while participants continued voting on the proposal. The community had no ready answer for how to face that kind of disappointment.