A DAO built on reputation rather than a fungible token, as CRDAO is, makes the 51 percent attack nearly impossible and renders sock puppet attacks technically possible but of little influence.
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CRDAO is fairly attack resistant because of its use of reputation. As a result, sock puppet attacks are technically possible, but would have little influence. CRDAO does not appear to have a fungible token, so the 51 percent attack is nearly impossible.
From
Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Appendix, Services DAOs, CRDAO, p. 165 https://ssrn.com/abstract=4529715 · source PDF
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Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715
restated_bykaal:claim:5254152-027 Requiring users to purchase governance tokens in order to vote both centralizes power in majority token holder...
supported_bykaal:claim:5254152-030 A one person, one vote structure raises a DAO's resistance to 51 percent and sock puppet attacks, as reflected...
extended_bykaal:claim:5254152-013 Low attack resistance in DAOs is typically caused by the use of easily purchasable or transferable governance ...
supported_bykaal:claim:5254152-038 Reliance on fungible, publicly tradable governance tokens undermines a protocol's resilience by exposing it to...
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