kaal:claim:3125822-026

The token economy is inflationary at equilibrium, and this inflation is a feature rather than a defect because it improves security and discourages rent seeking holding of reputation.

Source quote, verbatim

The conclusion is that the economy is inflationary at equilibrium, which improves its security and discourages rent-seeking.

From

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018), 4.4.2.2 More reputation calculations, p. 21
https://ssrn.com/abstract=3125822 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018). SSRN: https://ssrn.com/abstract=3125822

Holds when

assumes fees keep entering the system and new tokens are minted with each fee

Classification

mechanismsupport: arguedtokenomicsconsensus-and-security

Related claims

restated_by kaal:claim:3125827-038 The sem token economy is inflationary at equilibrium, and the authors argue this is a feature: inflation impro...

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The quote above is an exact substring of the source PDF, whose sha256 is d4d0bbaa3260968226186131d60e6d64a53e904d94e4295c61fd17042f1191ef. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/b0267a08b8b2f27b...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3125822-026.md | sha256sum