A DAO focus on the value enhancement of fungible tokens can produce short termism and lead the organization to ignore ethical and governance issues.
Source quote, verbatim
Yet, the focus on the value enhancement of fungible tokens can lead to short termism and may ignore ethical and governance issues.
From
Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020), III.1 Path Dependencies, p. 22 https://ssrn.com/abstract=3652481 · source PDF
Cite as
Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020). SSRN: https://ssrn.com/abstract=3652481
Holds when
fungible tokens are the dominant value metric
Classification
failuresupport: arguedfailure: fungible token short termismfamily: short-termismtokenomicsrisk-and-incentives
Related claims
restated_bykaal:claim:3799320-005 The focus on value enhancement of fungible tokens can drive short termism in DAOs and cause ethical and govern...
extended_bykaal:claim:3808852-016 The DAO focus on enhancing the value of fungible tokens can produce short termism and can cause ethical and go...
extended_bykaal:claim:3782201-027 Because DAO performance assessment is based on optimizing fungible token value rather than on hierarchical or ...
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