kaal:claim:3405401-027

Bitcoin proved that a decentralized system can automate the transfer of valuable digital currency without intermediaries and without a centralized authority for recourse, doing so efficiently, securely, cheaply and expeditiously.

A later claim in the corpus revises this one. Prefer quoting kaal:claim:3782198-024.

Source quote, verbatim

Bitcoin proved that a decentralized system can automate the transfer of valuable digital currency without intermediaries, no centralized authority for recourse, efficiently, securely, cheaply, and expeditiously.

From

Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019), VI. Decentralized Reputation as the Solution, p. 8
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

Holds when

digital currency transfer, not general business logic

Classification

empiricalsupport: arguedtokenomicsdecentralization

Verify

The quote above is an exact substring of the source PDF, whose sha256 is bc2d6f0ddc0852fb4085c4543c7c1dec19aaf8745eb67e3acc637e552bd7fb7d. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/a25dd41372dd883e...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3405401-027.md | sha256sum