"Coin Voting has got a lot of bad press recently. It has been criticised for aiding plutocracy and being vulnerable to attacks by large token holders (i.e. whale attacks). Less talked about, but probably more impactful is that Coin Voting also enables all token holders to participate in decisions, and more often than not, the token holders are not particularly known to the core team (a common result of attracting token holders through high APYs or other profit-oriented motives). In many DAOs, token holders are not a community but a group of strangers.”