kaal:claim:4529715-040

When only a minority of members, such as Audius node operators, can stake or earn weighted votes, the majority of token holders occupy the same powerless position as an ordinary shareholder in a corporation.

Source quote, verbatim
The downside of their structure is that only a minority of users are able to use staking or weighted tokens for voting. Thus, a majority of token holders remain in the same position as any general shareholder of a corporation relative to their power.
From

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Appendix, Media DAOs, Audius, p. 151
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

Holds when
Classification

failuresupport: arguedfailure: tiered-voting-disenfranchisementfamily: plutocratic-capturedaogovernance-designcorporate-governance

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 2d71961e8c449afbeaf45ca4f53de8a575d45c77d6960b767d3d1d0874f296b5. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/a7d6301e55e211fa...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/4529715-040.md | sha256sum