# kaal:claim:3406323-035

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

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

**Source quote.**

> 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

**From.** Wulf A. Kaal, *Decentralization - A Primer on the New Economy* (2019), VI. Evolution, page 16

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

**Verify.** sha256 of source PDF `6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20A%20Primer%20on%20the%20New%20Economy.pdf

**Topics.** reputation, decentralization

**Keywords.** reputation, non-fungibility, recentralization, intangible-value

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3405401-024
- restates: https://wulfkaal.github.io/claims/3266953-013
- extends: https://wulfkaal.github.io/claims/3405401-021

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.