# kaal:claim:3441904-016

**Claim.** Fungible cryptocurrencies are by their nature a corruptive element because decision makers can be influenced by power that grows with the size of fungible holdings; decentralized decision making therefore requires non fungible payout metrics combined with an indirect fungible payout structure.

**Type.** design  **Support.** argued

**Holds when.**

- decentralized decision making structures
- DAO payment and voting designs

**Source quote.**

> Decentralized decision making necessitates non-fungible payouts metrics combined with an indirect fungible payout structure.

**From.** Wulf A. Kaal, *Blockchain-Based Corporate Governance* (2019), III.1 Centralized Design Elements in the Original 2016 DAO, page 15

**Cite as.** Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

**Verify.** sha256 of source PDF `e6b562527f7f19accaa35491db0a0db168b6a936755e1dca424e9f30bee7a815` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Blockchain-Based%20Corporate%20Governance.pdf

**Topics.** risk-and-incentives

**Keywords.** fungibility, corruption, incentive-design, payout-structure

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