kaal:claim:3995709-025

Even if code review and audit firms did engage in thorough insurance underwriting and guarantees for their clients, the remedy would still fail because those firms would remain subject to the flawed and centralized legacy insurance market, which is itself dominated by a cartel of a few core players.

Source quote, verbatim

Even if code review and audit firms were to engage in a more thorough insurance underwriting and guarantee process for their clients, they would still be subject to the flawed and centralized legacy insurance market.

From

Wulf A. Kaal, How DAOs Optimize Open-Source Code Reviews and Create Open-Source Standards (2021), No Insurance, p. 14
https://ssrn.com/abstract=3995709 · source PDF

Cite as

Wulf A. Kaal, How DAOs Optimize Open-Source Code Reviews and Create Open-Source Standards (2021). SSRN: https://ssrn.com/abstract=3995709

Holds when

code review firms relying on legacy insurance markets

Classification

failuresupport: arguedfailure: legacy insurance market forecloses the underwriting remedyfamily: legal-personality-and-liability-gapdefi

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