# kaal:claim:3782192-039

**Claim.** Money and contracts are worthless in business with counterparties who cannot be trusted to keep a bargain, so decentralized commerce requires a system in which reputation means something.

**Type.** condition  **Support.** argued

**Holds when.**

- decentralized business among parties without prior trust

**Source quote.**

> Money and contracts are worthless in business with barbarians who can't be trusted to keep a bargain. To do business, we need a system where reputation means something.

**From.** Craig Calcaterra, Wulf A. Kaal, *Introduction to Decentralization* (2021), Future, page 11

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Introduction to Decentralization (2021). SSRN: https://ssrn.com/abstract=3782192

**Verify.** sha256 of source PDF `e7eafd56cb8a8bd15b64cf58216bb655f939bdcc296387e362fd9191976d67ae` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Introduction%20to%20Decentralization.pdf

**Topics.** reputation, decentralization, institutional-design

**Keywords.** reputation, trust, decentralized-business, institutional-design

**Related claims.**

- extends: https://wulfkaal.github.io/claims/3405401-033

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