Over time the public market replaces the need for capital commitments by DAOIC members, who continue to earn from their staking work without contributing capital, so the reputation effect grows and uncoupling from capital increases.
Source quote, verbatim
The long-term effect here is that the market replaces the need for capital commitments by DAOIC members. The members still continue to benefit from their staking work without the need to contribute capital. Over time, the reputation effect grows and the uncoupling from capital increases.
From
Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021), II. Basic Concept, 1. Reputation Replaces Capital, p. 6 https://ssrn.com/abstract=3949098 · source PDF
Cite as
Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098
Holds when
long term operation of the DAOIC
continued public market participation
Classification
predictivesupport: arguedreputation
Related claims
restated_bykaal:claim:3962614-040 Over time the members of a DAO investment club do not need capital any longer, because the public market funds...
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