Without KYC implemented at chain level, there is little to stop those with the money from creating hundreds of thousands or millions of accounts to vote under one-vote-per-one-account.

At least their HP will be split among hundreds of accounts and no single whale will be able to vote for multiple proposals with full power.

After seeing what Stinc did for three years - nothing of significance other than mira and communities - it will be very hard to underperform based on how low the bar has been set.