kaal:claim:3249860-006

In decentralized systems the functions previously performed by policy designers, central bankers, and economists in centralized markets are taken over by the token designer for the respective token economy.

Source quote, verbatim

Whereas policy designers, central bankers, and economists previously coordinated market design and economic regulations in centralized systems, these functions are taken over by the token designer for the respective token economy.

From

Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018), II.3 Macro vs. Micro, p. 7
https://ssrn.com/abstract=3249860 · source PDF

Cite as

Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860

Classification

mechanismsupport: assertedtokenomicssystemic-riskeconomics

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