kaal:claim:3406323-023

Because cryptocurrencies embody a transferable store of value, the exercise of power over that value inevitably leads back to centralization through economies of scale, creating core points of attack that undermine the very nature of decentralization.

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, Decentralization - A Primer on the New Economy (2019), V. Obstacles, p. 13
https://ssrn.com/abstract=3406323 · source PDF

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

• any currency or transferable store of value, not only cryptocurrencies

failuresupport: arguedfailure: store-of-value-recentralizationfamily: recentralization-driftdecentralizationeconomicsconsensus-and-security

• restated_by kaal:claim:3411897-028 Because cryptocurrencies embody a transferable store of value, the exercise of power over that value inevitabl...
• extends kaal:claim:3405401-023 Because cryptocurrencies, like any currency or store of value, entail transferable value, the exercise of powe...
• extends kaal:claim:3266953-012 Because power exercised over a store of value inevitably produces economies of scale, cryptocurrencies and any...
• extends kaal:claim:3405401-022 The transferability of the stores of value entailed in cryptocurrencies creates core points of attack and unde...

The quote above is an exact substring of the source PDF, whose sha256 is 6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/b1e4d7b3cc430ffa...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3406323-023.md | sha256sum