# kaal:claim:3606663-040

**Claim.** Although the public realm of coins could not exist without prior private experimentation, it is possible that the public realm will impact or even pre empt private coin development, for example if central banks attempt to censor the use of digital currencies they did not issue.

**Type.** predictive  **Support.** speculative

**Holds when.**

- coexistence of central bank digital currencies and privately issued coins

**Source quote.**

> it is possible that the public realm of the coin evolution could attempt to impact or even pre- empt the private coin development and use. For example, some central banks may attempt to censor the use of non-centrally-issued digital currencies.

**From.** Kaal, *Digital Asset Market Evolution* (2020), 7. Coins of Two Realms, page 39

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

**Verify.** sha256 of source PDF `d1d4a15a293b715bb6a5a32e689f59c3a1587915039ba9a1cf4eeb8ee2a1e57c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202020%20-%20Digital%20Asset%20Market%20Evolution.pdf

**Failure mode.** public realm pre emption of private coin innovation  (family: innovation-chilling)

**Topics.** tokenomics, systemic-risk, institutional-design

**Keywords.** cbdc, private-coins, censorship, central-banks, coin-evolution

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.