# kaal:claim:3402701-009

**Claim.** 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.

**Type.** condition  **Support.** argued

**Source quote.**

> 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

**From.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, *Stable Cryptocurrencies - First Order Principles* (2019), 3.1 CURRENCY MINTING AND BURNING, page 16

**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.** ideal-model-implementation-gap  (family: research-design-limitation)

**Topics.** institutional-design

**Keywords.** quantity-theory-of-money, implementation, minting, burning

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