kaal:claim:3406323-025

Without something that functions as an insurance policy when commercial risks materialize, the public has no reason to pursue the benefits of decentralized commerce, so decentralized underwriting is of core importance to any future decentralized technology solution.

Source quote, verbatim

Without someone or something that functions as an insurance policy should risks in commerce materialize, the public has no reason to try to benefit from the potential benefits of decentralized commerce

From

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), VI. Evolution, p. 13
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

sophisticated smart contracts carrying risk of failure

Classification

conditionsupport: argueddecentralizationdefirisk-and-incentives

Related claims

restated_by kaal:claim:3411897-029 Decentralized underwriting is a necessary precondition for decentralized commerce: without something functioni...

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