....whereas something like bitcoin has governance that doesn't open the doors to random people to vote on proposal they might not even be bothered to read.
Hehe this is what I like the most in your whole post. It may be a hard pill to swallow for some POS fanatics but there's truth to this since not all investors are highly technical or has basic knowledge of the protocol.
also, participants have no idea how much power they vs. the devs have. remember how Solend bypassed the whole governance system to protect a whale from liquidation?
Some of them still call it part of the "governance" thing hehe.