kaal:claim:3441904-029

Facts based, ex post, trial and error rulemaking with stable and presumptively optimal rules is incompatible with the needs of decentralized systems, because knowledge filters in at the edges of such systems and cannot be encapsulated in a timely fashion.

Source quote, verbatim

Centralized governance via stable and presumptively optimal rules in an environment of decentralized smart contracting and DAOs further exacerbates the shortcomings of stable and presumptively optimal rules in centralized structures.

From

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), IV.1 Shortcomings of Centralized Governance in Decentralized Systems, p. 25
https://ssrn.com/abstract=3441904 · source PDF

Cite as

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

Holds when

decentralized smart contracting and DAO environments

Classification

failuresupport: arguedfailure: static-rulemaking-mismatchfamily: rule-obsolescence-and-ossificationdynamic-regulationdecentralization

Related claims

specializes kaal:claim:2808132-002 Ex post facts-based, trial-and-error rulemaking combined with stable and presumptively optimal rules often pro...
specializes kaal:claim:2740477-001 Ex post trial and error rulemaking built on stable and presumptively optimal rules produces suboptimal regulat...
specializes kaal:claim:2831040-007 Facts based, ex post, trial and error rulemaking cannot anticipate the regulatory issues created by innovation...
specializes kaal:claim:2957645-012 Anticipatory regulation, which uses institution-specific and timely information together with feedback effects...
specializes kaal:claim:2267560-025 Public rulemakers rely on stable and presumptively optimal rules because they lack necessary, comparable, dece...
extends kaal:claim:2808132-018 Stable and presumptively optimal rules are created to address regulatory issues that lawmakers perceive throug...

Verify

The quote above is an exact substring of the source PDF, whose sha256 is e6b562527f7f19accaa35491db0a0db168b6a936755e1dca424e9f30bee7a815. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/d4c403160e941453...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3441904-029.md | sha256sum