# kaal:claim:3125827-022

**Claim.** Experts who fail to participate in the validation pool are punished stably rather than abruptly: because the system is inflationary and they gain none of the newly minted sem tokens, their holdings become a smaller percentage of the total and earn a smaller share of future reputation weighted salaries.

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

**Holds when.**

- new sem tokens minted with every fee
- salary distributed in proportion to token holdings

**Source quote.**

> will be stably punished because the system is inflationary: if they don't participate they will not gain any portion of the newly minted sem tokens, so their own unused sem token holdings will represent a smaller percentage of the total

**From.** Craig Calcaterra, Wulf A. Kaal, *Secure Proof of Stake Protocol* (2018), 3 The Reputation Verification Platform, page 12

**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

**Topics.** tokenomics, reputation

**Keywords.** liveness-faults, token-inflation, validation-pool, reputation-weighted-salary, sem-tokens

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