The Folk-Theoretic prediction that any static rule set will be gamed by patient strategic actors applies to regulatory rule sets as much as to DAO rule sets, so dynamic-regulation principles are particularly applicable to the DAO sector.
Source quote, verbatim
The Folk-Theoretic prediction that any static rule set will be gamed by patient strategic actors applies to regulatory rule sets as much as it applies to DAO rule sets.
From
Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026), IX. Implications, p. 34 https://ssrn.com/abstract=6819121 · source PDF
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Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121
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