kaal:claim:3406323-035

Reputation avoids the recentralization dynamic that afflicts currencies because it must be earned and can be lost yet cannot be converted into a fungible store of value exchangeable for goods.

Reputation as a metric and store of value does not suffer the same consequences and does not lead to centralization because it must be earned, it can be lost, yet it cannot be turned into a fungible store of value that allows the

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), VI. Evolution, p. 16
https://ssrn.com/abstract=3406323 · source PDF

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

• reputation used as a metric and store of value in decentralized systems

mechanismsupport: arguedreputationdecentralization

• restates kaal:claim:3405401-024 Reputation used as a metric and store of value does not lead to centralization because it must be earned, it c...
• restates kaal:claim:3266953-013 Reputation does not push a network toward centralization the way currency does, because reputation must be ear...
• extends kaal:claim:3405401-021 Solving the trust problem in decentralized commerce requires an intangible value system, not a further transfe...

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