kaal:claim:3396522-027

Monetary policy for stable cryptocurrencies should combine hardcoded transparent rules with protocols enabling decentralized autonomous organizations, with decentralized but fully transparent policy DAOs functioning as the policy makers for what cannot be hardcoded.

Source quote, verbatim

monetary policy for cryptocurrencies can additionally be supported by protocols enabling decentralized autonomous organizations (DAOs).152 Decentralized but fully transparent policy DAOs can help function as policy makers.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019), IV. Stable Cryptocurrencies, 7. Price Stability, p. 38
https://ssrn.com/abstract=3396522 · source PDF

Cite as

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

Holds when

depends on DAO governance designs that address expertise and incentive problems

Classification

designsupport: argueddaogovernance-designtokenomicsdecentralization

Related claims

extended_by kaal:claim:3402701-033 Parameter and policy choices for a stable cryptocurrency should be made by a decentralized autonomous organiza...

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