kaal:claim:3782201-024

Because voting power in the 2016 DAO could be purchased, the exact cost of destroying it was calculable, and had it lasted longer than a month someone would eventually have amassed the money to arbitrage its trivial governance structure.

Source quote, verbatim
Voting power could be purchased, so we know precisely how much money it would cost to destroy the RWOQ DAO. If it were more successful, and lasted longer than a month, someone would have eventually amassed the money to arbitrage the trivial governance structure.
From

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), The 2016 DAO, p. 23
https://ssrn.com/abstract=3782201 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201

Holds when
Classification

failuresupport: arguedfailure: governance arbitrage through purchasable voting powerfamily: plutocratic-capturegovernance-designdao

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