kaal:claim:3606663-033

Accountability is a structural concern in DeFi: without a central entity it can become unclear who is responsible for wrongdoing, and when problems arise no central party can freeze transactions, fix problems, or restore normal operations.

Source quote, verbatim

"Without central entity involvement, who should be held accountable for potential wrongdoing can become unclear. Who do you resort to for help? When problems arise, no central party can take actions to freeze transactions, fix problems and restore normal operations.

From

Kaal, Digital Asset Market Evolution (2020), c) Growth Limitations, p. 71
https://ssrn.com/abstract=3606663 · source PDF

Cite as

Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

Holds when

fully decentralized finance systems without a central operator

Classification

failuresupport: arguedfailure: no accountable party and no recovery mechanismfamily: legal-personality-and-liability-gapdefigovernance-design

Verify

The quote above is an exact substring of the source PDF, whose sha256 is d1d4a15a293b715bb6a5a32e689f59c3a1587915039ba9a1cf4eeb8ee2a1e57c. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/215096dcc27a95b9...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3606663-033.md | sha256sum