Meaningful accessibility in a DAO is impossible if voting rights and ownership are merely passive purchasable assets, no different from traditional stock.
Source quote, verbatim
accessibility will not be possible if voting rights and ownership are merely passive purchasable assets, not unlike traditional stock today.
From
Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Final Thoughts and Suggestions for Improvement, p. 153 https://ssrn.com/abstract=4529715 · source PDF
Cite as
Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715
extendskaal:claim:4067783-005 Governance by fungible tokens lets whales control a fundraiser DAO, which is antithetical to decentralized gov...
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