# kaal:claim:4685567-028

**Claim.** The existing fund allocation model is afflicted by uninformed voters, sockpuppets and other gamesmanship, by voting with nothing at stake, and by voting with other people's money, and the crowd wisdom of WEB3 communities in the impact certificate model upgrades that model.

**Type.** failure  **Support.** asserted

**Holds when.**

- legacy fund allocation and voting models

**Source quote.**

> the wisdom of the crowd in the respective WEB3 communities of the impact certificate model upgrades the existing fund allocation model which was afflicted by uninformed voters, sockpuppets, and other gamesmanship, voting with nothing at stake, voting with other people's money.

**From.** Wulf A. Kaal, *Impact Investing Innovation - From Impact 1.0 to 3.0* (2024), Impact Certificate Marketplace, page 46

**Cite as.** Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

**Verify.** sha256 of source PDF `87fb1be89d2661967ed2b0b673fe26448ded3bc3119b122177a4fc13ae5c085c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20Impact%20Investing%20Innovation%20-%20From%20Impact%201.0%20to%203.0.pdf

**Failure mode.** Nothing at Stake Voting  (family: staking-and-incentive-misalignment)

**Topics.** institutional-design

**Keywords.** sockpuppets, nothing-at-stake, gamesmanship, fund-allocation, crowd-wisdom

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.