kaal:claim:3808873-038

When fungible assets are the dominant incentive design in the governance of DAOs with identifiable actors, rational and opportunistic internal and external participants will typically attempt to corrupt the governance design for their own gain; merit identifiers other than individual identity remove the most corruptive influences.

When fungible assets are used as the dominant incentive design in the governance of DAOs with identifiable actors, rational and opportunistic internal constituents and external participants will typically attempt to corrupt the governance design of the DAO for their own gain.

Wulf A. Kaal, Decentralization Neutralizers (2021), XI. Lack of Decentralized Governance Systems, p. 31
https://ssrn.com/abstract=3808873 · source PDF

Wulf A. Kaal, Decentralization Neutralizers (2021). SSRN: https://ssrn.com/abstract=3808873

• DAO governance using fungible assets and identifiable actors

mechanismsupport: arguedfailure: Fungible Asset Governance Corruptionfamily: plutocratic-capturedaogovernance-design

• extends kaal:claim:3799320-014 When fungible assets are the dominant incentive design in the governance of a DAO with identifiable actors, ra...
• extends kaal:claim:3652481-021 The identity of actors in a DAO governance design typically creates corruptive elements, and merit identifiers...
• extends kaal:claim:3799320-015 The identity of actors in a DAO governance design is itself a source of corruption, so merit identifiers other...
• extends kaal:claim:3652481-020 DAO designs at the beginning of the 2020s did not effectively master the duality of incentives that a workable...
• specializes kaal:claim:3441904-018 Participants must be incentivized to improve their own utility while simultaneously benefiting the institution...

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