kaal:claim:3405401-023

Because cryptocurrencies, like any currency or store of value, entail transferable value, the exercise of power over that value inevitably leads to centralization through economies of scale.

Because of the store of value entailed in cryptocurrencies (and really any currencies or store of value), exercise of power over such value inevitably leads to centralization due to economies of scale.

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

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

• any transferable store of value, including fiat currencies

mechanismsupport: arguedfailure: value-driven-recentralizationfamily: recentralization-driftdecentralizationeconomics

• restates kaal:claim:3266953-012 Because power exercised over a store of value inevitably produces economies of scale, cryptocurrencies and any...
• extended_by kaal:claim:3406323-023 Because cryptocurrencies embody a transferable store of value, the exercise of power over that value inevitabl...
• extended_by kaal:claim:3411897-028 Because cryptocurrencies embody a transferable store of value, the exercise of power over that value inevitabl...

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