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
The quote above is an exact substring of the source PDF, whose sha256 is 72ed2581b4cac2bd18a5b2640be959487a3cbc34c86ab5e5664924bcdb53c8e0. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/a3d9c002c717da0c...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3402701-029.md | sha256sum