{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3405401-023",
 "identifier": "kaal:claim:3405401-023",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed",
  "datePublished": "2019",
  "url": "https://ssrn.com/abstract=3405401",
  "sha256": "bc2d6f0ddc0852fb4085c4543c7c1dec19aaf8745eb67e3acc637e552bd7fb7d",
  "encoding": "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"
 },
 "keywords": [
  "decentralization",
  "economics"
 ],
 "about": [
  "centralization",
  "economies-of-scale",
  "cryptocurrency",
  "store-of-value"
 ],
 "abstract": "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.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "mechanism"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "any transferable store of value, including fiat currencies"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/dafd97d11fab7daa97dc490f19314ea5c797da9c74955215f7f7bf26bf43df2a.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "restates",
     "to": "https://wulfkaal.github.io/claims/3266953-012",
     "to_id": "kaal:claim:3266953-012",
     "similarity": 0.683
    },
    {
     "rel": "extended_by",
     "to": "https://wulfkaal.github.io/claims/3406323-023",
     "to_id": "kaal:claim:3406323-023",
     "similarity": 0.662
    },
    {
     "rel": "extended_by",
     "to": "https://wulfkaal.github.io/claims/3411897-028",
     "to_id": "kaal:claim:3411897-028",
     "similarity": 0.651
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "dafd97d11fab7daa97dc490f19314ea5c797da9c74955215f7f7bf26bf43df2a",
 "canonicalForm": "https://wulfkaal.github.io/claims/3405401-023.md"
}