kaal:claim:3406323-022

People will not enter into long term smart contracts without a stable currency to refer to, since no renter and landlord will gamble future wealth on a lease that may halve or double in value in any given month.

Source quote, verbatim

Finally, people will not enter into a long-term smart contract unless they have a stable currency to refer to.

From

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), V. Obstacles, p. 12
https://ssrn.com/abstract=3406323 · source PDF

Cite as

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

Holds when

long term smart contracts denominated in volatile cryptocurrencies

Classification

conditionsupport: arguedfailure: volatility-blocks-long-term-contractingfamily: valuation-and-pricing-failuretokenomicssmart-contracts

Related claims

restated_by kaal:claim:3411897-027 People will not enter into long term smart contracts without a stable currency to refer to, because the curren...
restated_by kaal:claim:3782205-028 Without price stability, typical consumers will never hold their checking account in a cryptocurrency and no o...

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Attestation record: colloquium/attestations/27ac9c4f1917120e...json
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Positions extending this scholarly claim

Qualification: Case Studies of Contractual (Legal) Automation Using Smart Contracts