kaal:claim:3411110-014

Any settlement completed in less than ten seconds removes counterparty risk and with it systemic risk entirely, which makes settlement speed, not disclosure, the operative variable for systemic risk.

Source quote, verbatim

Most importantly, any settlement that takes less than 10 seconds, if ever achieved in any setting, removes counterparty risk and with it systemic risk entirely.

From

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), III.3 Reduced Settlement Cycle, p. 16
https://ssrn.com/abstract=3411110 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

Holds when

settlement finality achieved in under ten seconds
if such speed is ever achieved in any setting

Classification

conditionsupport: arguedsystemic-riskrisk-and-incentives

Related claims

extends kaal:claim:3396522-039 Near instant settlement with stable cryptocurrencies removes counterparty risk, and the resulting reduction in...

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