kaal:claim:3402701-001

A currency that does not hold a stable store of value forces continual recalculation and renegotiation of contracts, so any future decentralized economy will require stable cryptocurrencies.

Source quote, verbatim

A fluctuating currency requires continual recalculation and renegotiation. Therefore, any future decentralized economy will require stable cryptocurrencies

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019), 1 INTRODUCTION, p. 3
https://ssrn.com/abstract=3402701 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701

Holds when

decentralized economies that rely on contracts denominated in the currency

Classification

conditionsupport: argueddecentralizationeconomics

Verify

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