kaal:claim:3402701-029

Blockchain users are likely to demand zero transaction fees while failing to notice holding fees below about 3 percent annually, which a USD peg institutes implicitly through a comparable inflation target.

Source quote, verbatim

Most likely this culture will continue to the decentralized economy, where blockchain users will expect 0 transaction fees but will probably not notice holding fees below 3% annual

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019), 3.2 TRANSACTION TAXES VS. HOLDING TAXES, p. 24
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 economy inheriting internet fee culture
peg to USD

Classification

predictivesupport: arguedtokenomicsrisk-and-incentives

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