kaal:claim:4067783-001

At their worst, DAOs produce ponzi schemes and rug pulls, and these failures damage the credibility and future of web3 as a whole, not just the individual project.

Source quote, verbatim

At their worst, DAOs result in ponzi schemes and rug pulls that undermine the future of web3 and associated upgrades for humanity.

From

Wulf A. Kaal, DAO Fallacies (2022), I. Introduction, p. 3
https://ssrn.com/abstract=4067783 · source PDF

Cite as

Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

Classification

failuresupport: assertedfailure: Ponzi and rug pull degenerationfamily: fraud-and-misconductdao

Related claims

supported_by kaal:claim:4529715-029 Lobby3 was effectively attacked from within: founders maintained heavy control and slowly diverted funds to th...

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Positions extending this scholarly claim

Qualification: Voting Schemes in DAO Governance