kaal:claim:3782214-006

Declining to adopt explicit or formal rules is itself a governance choice, and it defaults to rule by might; since might in these systems is defined by wealth, the resulting order is oligarchy.

Choosing no explicit or formal rules is still a governance choice. That choice de- faults to the prehistoric rule of might makes right. Since might is defined by wealth, they've chosen oligarchy.

Craig Calcaterra, Wulf A. Kaal, Decentralized Governance (2021), Chapter 6. Governance, p. 5
https://ssrn.com/abstract=3782214 · source PDF

Craig Calcaterra, Wulf A. Kaal, Decentralized Governance (2021). SSRN: https://ssrn.com/abstract=3782214

• platforms where power tracks token holdings or computing power

failuresupport: arguedfailure: default oligarchyfamily: plutocratic-capturegovernance-designtokenomics

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