kaal:claim:3396542-033

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.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019), VI. Conclusion, p. 25
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

Classification

designsupport: arguedreputationtokenomicsdao

Related claims

extended_by kaal:claim:3962614-022 The novelty of reputation as capital lies in the decentralized and democratized capital allocation functionali...
extended_by kaal:claim:3949098-004 Kaal stipulates the core proposition of reputation as capital: once meaningful decentralized reputation is est...

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