kaal:claim:3799320-025

In any open and democratic system, naturally opportunistic rational parties will attempt to circumvent and game the applicable complex static rules to increase their share of power and profit.

In any open and democratic system, naturally opportunistic rational parties will attempt to circumvent and game the sets of applicable complex static rules to increase their share of power and profit within the system.

Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021), Governance, p. 18
https://ssrn.com/abstract=3799320 · source PDF

Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021). SSRN: https://ssrn.com/abstract=3799320

• open and democratic systems with complex static rule sets

mechanismsupport: arguedfailure: Static rule gamingfamily: regulatory-arbitrageregulatory-failuregovernance-design

• extends kaal:claim:3652481-026 Stable and presumptively optimal static or constitutional rules for DAO governance typically enable gaming and...
• extends kaal:claim:3441904-035 Static complex sets of DAO rules inevitably produce corruptive opportunistic gaming and arbitrage behavior, so...

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