# kaal:claim:3411897-036

**Claim.** It is immaterial whether security incidents occur on centralized exchanges, on centralized systems appended to decentralized structures, or in the decentralized systems themselves, because the public perceives the resulting security concerns as a technology risk across all of these technologies.

**Type.** failure  **Support.** argued

**Holds when.**

- public perception of cryptocurrency and blockchain security

**Source quote.**

> structures or the decentralized systems themselves is immaterial in this context. The security concerns are seen by the public as a technology risk across technologies.

**From.** Wulf A. Kaal, *Decentralization - Past, Present, and Future* (2019), Part 2: The Present, Unleashing the Power of Decentralization, page 41

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

**Verify.** sha256 of source PDF `82f0aea026b3e3a526ec51bc073b3b864dc06cd9083ff9c54c550037045edaa9` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20Past%2C%20Present%2C%20and%20Future.pdf

**Failure mode.** undifferentiated-technology-risk-perception  (family: adoption-and-usability-barrier)

**Topics.** consensus-and-security, risk-and-incentives

**Keywords.** security, public-perception, technology-risk, cryptocurrency

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