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 "text": "Charging admission to a DAO disincentivizes defection because the sunk cost of joining makes cheating expensive when rejoining would require paying again, a mechanism the authors identify as costly signaling that works better the more cheaters the surrounding environment contains.",
 "author": {
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  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
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 "citation": "Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021). SSRN: https://ssrn.com/abstract=3782203",
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 "abstract": "First, we can disincentivize defection/betrayal by charging admission to the DAO. With the sunk cost of joining, it is more expensive to cheat, since then it would be expensive to rejoin even if members could be anonymous. This is described as costly signaling.",
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