kaal:claim:3411897-027

People will not enter into long term smart contracts without a stable currency to refer to, because the current level of cryptocurrency volatility does not lend itself to consumption.

Finally, people will not enter into a long-term smart contract unless they have a stable currency to refer to. The current level of volatility in cryptocurrencies does not lend itself to consumption.

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019), Part 2: The Present, Decentralization Neutralizers, p. 35
https://ssrn.com/abstract=3411897 · source PDF

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897

• long duration smart contracts such as leases
• volatile cryptocurrency denominations

failuresupport: arguedfailure: volatility-blocks-long-term-contractingfamily: valuation-and-pricing-failuresmart-contracts

• restates kaal:claim:3406323-022 People will not enter into long term smart contracts without a stable currency to refer to, since no renter an...

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• Extension: Smart Contracts, Blockchain and Health Policies: Past, Present and Future