kaal:claim:3782214-007

The absence of a governance process is especially dangerous for peer to peer platforms precisely because decentralized organizations find it extremely difficult to change their rules once established.

Source quote, verbatim
The lack of governance is especially dangerous for these PCP platforms, because it is extremely difficult for decentralized organizations to change their rules.
From

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

Cite as

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

Holds when
Classification

mechanismsupport: arguedfailure: rule change rigidityfamily: rule-obsolescence-and-ossificationgovernance-designdecentralization

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