{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3249860-007",
 "identifier": "kaal:claim:3249860-007",
 "text": "The democratization of monetary policy in token economies creates a serious problem, because token designers lack the qualifications and institutional functions that centralized central banking distributes across multiple institutions and their staff.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Crypto Economics - The Top 100 Token Models Compared",
  "datePublished": "2018",
  "url": "https://ssrn.com/abstract=3249860",
  "sha256": "72b13f11002ba26206cd53e74c324b913d1830c642bfa024da6bac0d3af3a7b0",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202018%20-%20Crypto%20Economics%20-%20The%20Top%20100%20Token%20Models%20Compared.pdf"
 },
 "keywords": [
  "tokenomics",
  "systemic-risk"
 ],
 "about": [
  "monetary-policy",
  "token-design",
  "central-banking",
  "designer-competence"
 ],
 "abstract": "This creates a serious problem for many token economies as the designers lack the qualifications and functions that are",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "token economies in which the designer sets supply, timing, and allocation"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/20ff04f81f36df72304ccc35e31c959beed74e9a9449afc1e210b56b4c54f884.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "20ff04f81f36df72304ccc35e31c959beed74e9a9449afc1e210b56b4c54f884",
 "canonicalForm": "https://wulfkaal.github.io/claims/3249860-007.md"
}