# kaal:claim:6819121-004

**Claim.** Any DAO operating a static rule set in a strategic environment with patient capital and high stakes faces the Folk-Theoretic prediction that the rule set will eventually be gamed, and the empirical record of DAO governance attacks confirms the prediction.

**Type.** mechanism  **Support.** argued

**Holds when.**

- static rule sets under patient strategic capital

**Source quote.**

> Any DAO that operates with a static rule set, in a strategic environment with patient capital and high stakes, faces the Folk-Theoretic prediction that the rule set will eventually be gamed. The empirical record of DAO governance attacks confirms this prediction in operational reality.

**From.** Wulf A. Kaal, *The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis* (2026), II. Theoretical Framework, page 7

**Cite as.** Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121

**Verify.** sha256 of source PDF `f04b274f926d23848e77b429a13227baed9858b90fec826ddaabd2acca7035fe` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202026%20-%20The%20Institutional%20Deficit%20in%20Decentralized%20Autonomous%20Organizations%20-%20An%20Empirical%20Analysis.pdf

**Topics.** dao, consensus-and-security, risk-and-incentives

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