Base Token Proposal: Should BASE Holders Get Governance Power Over Coinbase?

A new and significant proposal is being discussed within the crypto community: should the native token of the Base blockchain, BASE, grant its holders direct voting power over its creator, the major cryptocurrency exchange Coinbase? This initiative suggests a radical shift towards decentralized governance, where token holders could influence key decisions of the centralized entity behind the layer-2 network. The debate centers on the balance between decentralization and corporate structure, potentially setting a precedent for how blockchain projects interact with their founding organizations. The outcome could significantly impact the value and utility proposition of the BASE token, attracting attention from investors focused on governance rights.