kaal:claim:4067783-006

The author contests the myth that DAOs are generally run by scammers: many DAOs and users have indeed fallen victim to rug pulls, but most of those rug pulls trace to the absence of decentralized governance in fundraiser DAOs rather than to DAOs as such.

Source quote, verbatim

While it is true that many DAOs and DAO users have fallen victim to the infamous rug-pulls, most of these rug pulls are associated with the lack of decentralized governance in fundraiser DAOs.

From

Wulf A. Kaal, DAO Fallacies (2022), II.2 Myth #2: Scams, p. 5
https://ssrn.com/abstract=4067783 · source PDF

Cite as

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

Holds when

applies to fundraiser DAOs lacking decentralized governance

Classification

failuresupport: arguedfailure: Rug pull attributed to missing decentralized governancefamily: fraud-and-misconductdaodecentralizationgovernance-design

Related claims

supports kaal:claim:4015908-025 Community DAO governance makes any form of rug pull much less likely, because rug pulls typically benefit only...

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