# kaal:claim:3405401-022

**Claim.** The transferability of the stores of value entailed in cryptocurrencies creates core points of attack and undermines the very nature of decentralization.

**Type.** failure  **Support.** argued

**Holds when.**

- cryptocurrencies and other transferable stores of value

**Source quote.**

> The transferability of stores of value entailed in cryptocurrencies creates core points of attack and undermines the very nature of decentralization.

**From.** Wulf A. Kaal, *Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed* (2019), VI. Decentralized Reputation as the Solution, page 7

**Cite as.** Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401

**Verify.** sha256 of source PDF `bc2d6f0ddc0852fb4085c4543c7c1dec19aaf8745eb67e3acc637e552bd7fb7d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralized%20Commerce%20%E2%80%93%20A%20Primer%20on%20Why%20Decentralized%20Reputation%20Verification%20Systems%20Are%20Needed.pdf

**Failure mode.** transferability-creates-attack-points  (family: smart-contract-rigidity)

**Topics.** consensus-and-security, decentralization

**Keywords.** cryptocurrency, transferability, attack-surface, decentralization

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/3411897-028
- extended_by: https://wulfkaal.github.io/claims/3406323-023

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.