No wallet-balance-derived voting rule succeeds against Sybil attacks on permissionless blockchains; concave rules yield asymptotically linear power and empirical amplification reaches thousands-fold.
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Concave is the New Linear: The Impossibility of Anti-Plutocratic DAO Governance
No wallet-balance-derived voting rule succeeds against Sybil attacks on permissionless blockchains; concave rules yield asymptotically linear power and empirical amplification reaches thousands-fold.