The design's innovative features stem from tokens serving several purposes at once: as reward for risk taking and as a substitute for both reputation and capital.
Source quote, verbatim
In sum, many of the innovative features of this design stem from the fact that the tokens serve multiple purposes: as reward for risk- taking, and a substitute for reputation and capital.
Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019). SSRN: https://ssrn.com/abstract=3396542
Classification
designsupport: arguedreputationtokenomicsdao
Related claims
extended_bykaal:claim:3962614-022 The novelty of reputation as capital lies in the decentralized and democratized capital allocation functionali...
extended_bykaal:claim:3949098-004 Kaal stipulates the core proposition of reputation as capital: once meaningful decentralized reputation is est...
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