# kaal:claim:3396522-013

**Claim.** No uncollateralized algorithmic stable cryptocurrency, such as Basis or NuBits, had produced a provably stable mechanism for its tokens as of the time of writing.

**Type.** failure  **Support.** asserted

**Holds when.**

- as of 2019

**Source quote.**

> At the time of this writing no uncollateralized algorithmic project had created a provable stable mechanism for its tokens.

**From.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, *Stable Cryptocurrencies* (2019), IV. Stable Cryptocurrencies, page 25

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522

**Verify.** sha256 of source PDF `ef5031b16aa53476ed618f0bdf92601cd4affb893692c701134bd9cba3ea8acf` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Stable%20Cryptocurrencies.pdf

**Failure mode.** unproven-algorithmic-stability  (family: valuation-and-pricing-failure)

**Topics.** tokenomics

**Keywords.** algorithmic-stablecoins, seigniorage-shares, basis, nubits, stability-mechanisms

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3402701-005

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