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 "text": "Characterizing Coin-Based Voting Governance in DPoS Blockchains reports decisive coin voters capable of altering committee-election outcomes and that almost half of coins were never used in those elections. This independently instantiates the concentration and passive-holder mechanisms in Kaal's criticism of fungible-token voting. The proposition does not establish a majority-holder attack, hostile takeover, or universal DPoS behavior.",
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