kaal:claim:3411897-028

Because cryptocurrencies embody a transferable store of value, the exercise of power over that value inevitably leads to centralization through economies of scale, which creates core points of attack and undermines the very nature of decentralization.

Because of the store of value entailed in cryptocurrencies (and really any currencies or store of value), exercise of power over such value inevitably leads to centralization due to economies of scale.

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

• applies to any currency or transferable store of value, not only cryptocurrencies

failuresupport: arguedfailure: store-of-value-recentralizationfamily: recentralization-driftdecentralizationeconomicsconsensus-and-security

• restates kaal:claim:3406323-023 Because cryptocurrencies embody a transferable store of value, the exercise of power over that value inevitabl...
• extends kaal:claim:3405401-023 Because cryptocurrencies, like any currency or store of value, entail transferable value, the exercise of powe...
• extends kaal:claim:3266953-012 Because power exercised over a store of value inevitably produces economies of scale, cryptocurrencies and any...
• extends kaal:claim:3405401-022 The transferability of the stores of value entailed in cryptocurrencies creates core points of attack and unde...

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