Because the total supply of DAO tokens is pre-determined in code, dilution by central administrators such as government officials or self-interested or biased executives is impossible.
Source quote, verbatim
because the total supply of tokens is pre-determined in the DAO code, dilution by central administrators such as government officials or self- interested or biased executives/supervisors/CEOs is impossible, which further illustrates the power of blockchain structures such as the DAO.
Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378
Holds when
DAOs with a fixed token supply fixed in open source code
Classification
mechanismsupport: arguedtokenomicsdao
Verify
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