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I hope you are just trolling. Imagine being punished for any

negligence you ever did. And ppl stealing 8% of your weatlth everytime. Would you still own a dime?

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I really hope you've never been in a debate before. Both sides of the argument are being presented, this is the whole point of doing this. It's not about the point of it deterring people, there are enough apes out there to offset the people who can't tolerate the risk. But the larger point is that we can't decide to penalize the minority, given that the exchanges have no problem maintaining their votes while smaller, personal wallets might.

Are exchange wallets allowed to participate in governance?

Yeah, but it depends on the rules individual to each exchange.

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