The reputation tokens of the underwriting DAO are separate and distinct from the cash currency that insureds use to pay premia; the two must not be conflated.
Source quote, verbatim
It is important to note that the reputation tokens are separate and distinct from the cash currency that the insured use to pay their premia.
From
Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019), II. The Design of the Underwriting DAO, p. 4 https://ssrn.com/abstract=3396542 · source PDF
Cite as
Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019). SSRN: https://ssrn.com/abstract=3396542
restated_bykaal:claim:3962614-024 Reputation tokens are separate and distinct from the fiat currency or other fungible tokens used to pay for in...
extended_bykaal:claim:3782216-014 Reputation must be grounded to be meaningful, so reputation tokens should be minted only when policy premia en...
extended_bykaal:claim:4755632-035 Reputation tokens are stipulated as non-transferable tokens that cannot be valued and that merely mirror a sco...
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