# kaal:claim:3402701-005

**Claim.** As of the time of writing, no uncollateralized algorithmic stable cryptocurrency project had produced a provably stable mechanism for its tokens.

**Type.** empirical  **Support.** asserted

**Holds when.**

- as of 2019

**Source quote.**

> At the time of this writing no uncollateralized algorithmic project had created a provable stable mechanism for its tokens

**From.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, *Stable Cryptocurrencies - First Order Principles* (2019), 1 INTRODUCTION, page 7

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

**Verify.** sha256 of source PDF `72ed2581b4cac2bd18a5b2640be959487a3cbc34c86ab5e5664924bcdb53c8e0` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Stable%20Cryptocurrencies%20-%20First%20Order%20Principles.pdf

**Failure mode.** unproven-algorithmic-peg  (family: valuation-and-pricing-failure)

**Topics.** tokenomics

**Keywords.** algorithmic-stablecoins, seigniorage-shares, peg-stability, basis

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3396522-013

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.