# kaal:claim:3125827-020

**Claim.** The current dominance of altruists in the crypto space will not persist: once the crypto economy matures, an influx of hedgers and rent seekers can be anticipated with certainty, and they will exploit any weakness in the system for profit.

**Type.** predictive  **Support.** argued

**Holds when.**

- maturation of the crypto economy beyond its emerging industry phase

**Source quote.**

> However, once the crypto economy is mature, we cannot assume users will continue to behave altruistically. We can anticipate, with certainty, an influx of hedgers and rent seekers who will quite naturally exploit any weakness in the system for profit.

**From.** Craig Calcaterra, Wulf A. Kaal, *Secure Proof of Stake Protocol* (2018), 2.2 Soft attacks, page 11

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Secure Proof of Stake Protocol (2018). SSRN: https://ssrn.com/abstract=3125827

**Verify.** sha256 of source PDF `598d9bd95e4af7a0a35328677c6bfc069f69f2e32c30c720b3a0be98a23a40cb` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202018%20-%20Secure%20Proof%20of%20Stake%20Protocol.pdf

**Failure mode.** altruism-cliff  (family: staking-and-incentive-misalignment)

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

**Keywords.** altruism-cliff, rent-seeking, incentive-design, protocol-security, market-maturity

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