# kaal:claim:4067783-001

**Claim.** 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.

**Type.** failure  **Support.** asserted

**Source quote.**

> 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, page 3

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

**Verify.** sha256 of source PDF `48f1e307cdbbe28c7843f7744d0ba8cf01662f257a53f2066a7a6c7e03a5acec` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20DAO%20Fallacies.pdf

**Failure mode.** Ponzi and rug pull degeneration  (family: fraud-and-misconduct)

**Topics.** dao

**Keywords.** dao, rug-pull, ponzi, web3, failure

**Related claims.**

- supported_by: https://wulfkaal.github.io/claims/4529715-029

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.