kaal:claim:3782203-012

Given a process with static rules and finite, discrete execution, a sufficiently patient and clever minority can always corrupt the process and profit at the majority's expense while following the rules, so no perfect voting system exists.

A sufficiently patient and clever minority power can always corrupt the process and profit at the expense of the majority, assuming your process has static rules and finite, discrete execution. There is no perfect voting system.

Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021), Arrow’s Impossibility Theorem, p. 8
https://ssrn.com/abstract=3782203 · source PDF

Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021). SSRN: https://ssrn.com/abstract=3782203

• static rules
• finite discrete execution
• three or more options

failuresupport: evidencedfailure: strategic-manipulation-of-static-rulesfamily: rule-obsolescence-and-ossificationgovernance-designregulatory-failure

• generalizes kaal:claim:6269518-005 No static citation protocol can eliminate all arbitrage opportunities for sufficiently patient and powerful ac...

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