kaal:claim:4067783-002

Poorly executed DAOs exhibit a recognizable cluster of pathologies, including siphoned coins, distracted and robo voters, centralization, DAO washing by founders, and absent decentralized governance, and these pathologies drive mid-term and long-term DAO failure.

Several of the identifiable downsides include: siphoned coins, distracted and robo voters, centralization, DAO washing by founders, lack of decentralized governance, and other pitfalls that could end up in mid-term and long-term DAO failure.

Wulf A. Kaal, DAO Fallacies (2022), I. Introduction, p. 4
https://ssrn.com/abstract=4067783 · source PDF

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

failuresupport: assertedfailure: DAO washing and robo voting decayfamily: governance-participation-collapsedaogovernance-designdecentralization

• extends kaal:claim:3799320-001 The concept of a DAO fails if it becomes centralized, and centralization in governance is the largest single t...

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