kaal:claim:3266953-015

A pure code is law smart contract between anonymous parties creates a zero sum scenario in which each party is incentivized to deliver only the minimum that satisfies the rigid self executing terms, so this type of business ultimately degenerates.

This creates a zero-sum scenario where both parties are entirely incentivized to provide the minimum possible to fulfill the perfectly rigid self-executing contract. This type of business ultimately degenerates as people will spend extra effort to deliver the minimum acceptable products.

Craig Calcaterra, Wulf A. Kaal, Gopinath Sivalingam, Reputation Protocol for the Internet of Trust - Conceptual Whitepaper (2018), Motivation, p. 11
https://ssrn.com/abstract=3266953 · source PDF

Craig Calcaterra, Wulf A. Kaal, Gopinath Sivalingam, Reputation Protocol for the Internet of Trust - Conceptual Whitepaper (2018). SSRN: https://ssrn.com/abstract=3266953

• self executing contracts between often anonymous parties
• no reputation at stake

failuresupport: arguedfailure: minimum performance degenerationfamily: smart-contract-rigiditysmart-contracts

• extended_by kaal:claim:3782210-042 Self-executing, self-regulating smart contracts between anonymous parties in an open system create a near perf...

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