{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3402701-009",
 "identifier": "kaal:claim:3402701-009",
 "text": "The quantity theory calculations behind minting and burning hold only in the ideal case; in practice the success of a stabilization scheme depends on how the money is actually printed, distributed or burned.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "citation": "Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Stable Cryptocurrencies - First Order Principles",
  "datePublished": "2019",
  "url": "https://ssrn.com/abstract=3402701",
  "sha256": "72ed2581b4cac2bd18a5b2640be959487a3cbc34c86ab5e5664924bcdb53c8e0",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Stable%20Cryptocurrencies%20-%20First%20Order%20Principles.pdf"
 },
 "keywords": [
  "institutional-design"
 ],
 "about": [
  "quantity-theory-of-money",
  "implementation",
  "minting",
  "burning"
 ],
 "abstract": "Such calculations are only valid in the ideal. In practice, the scheme's success depends on how the money is printed and distributed or burned",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "condition"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": []
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/49b5bd2aa9d72a9ee3b08bec86db675ad0407cde6c30479faddd7a8eac4824e9.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "49b5bd2aa9d72a9ee3b08bec86db675ad0407cde6c30479faddd7a8eac4824e9",
 "canonicalForm": "https://wulfkaal.github.io/claims/3402701-009.md"
}