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.

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

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

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

• long term smart contracts denominated in volatile cryptocurrencies

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

• 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...

The quote above is an exact substring of the source PDF, whose sha256 is 6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/27ac9c4f1917120e...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3406323-022.md | sha256sum