kaal:claim:3782193-028

Almost every blockchain project the authors are aware of is suffering under the centralizing force of competition for equity control and profit, and such projects predictably move toward centralization when unconscious of these forces.

In fact, almost every blockchain project we're aware of is suffering under the central- izing force of competition for equity control and profit.

Craig Calcaterra, Wulf A. Kaal, Historical Sketches of Centralization vs. Decentralization (2021), The Apaches vs. Bitcoin, p. 22
https://ssrn.com/abstract=3782193 · source PDF

Craig Calcaterra, Wulf A. Kaal, Historical Sketches of Centralization vs. Decentralization (2021). SSRN: https://ssrn.com/abstract=3782193

• contemporary for-profit blockchain and Web3 projects

empiricalsupport: assertedfailure: Blockchain governance centralizationfamily: recentralization-driftblockchaindecentralizationgovernance-design

• extended_by kaal:claim:3782214-018 Internal competition for profit creates a natural tendency to centralize power as members differentiate themse...
• extended_by kaal:claim:3782214-026 The alternatives to a reputational system for countering profit driven instability, namely external stabilizin...

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