Solving the trust problem in decentralized commerce requires an intangible value system, not a further transferable store of value.
Source quote, verbatim
To solve the issues of trust in decentralized commerce, an intangible value system is needed.
From
Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019), VI. Decentralized Reputation as the Solution, p. 7 https://ssrn.com/abstract=3405401 · source PDF
Cite as
Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401
extended_bykaal:claim:3406323-035 Reputation avoids the recentralization dynamic that afflicts currencies because it must be earned and can be l...
extendskaal:claim:3266953-012 Because power exercised over a store of value inevitably produces economies of scale, cryptocurrencies and any...
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