# kaal:claim:3782198-005

**Claim.** Social networks grow exponentially more powerful through the network effect, but they are stifled by the centralized ownership and governance of the Web 2.0 companies that run them; governing decentralized information flow requires decentralized incentive designs.

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

**Holds when.**

- applies to networks whose value comes from member interaction

**Source quote.**

> But these networks are stifled by the centralized ownership and governance of the Web ).5 companies that run them. Governing decentralized information flow ne- cessitates decentralized incentive designs.

**From.** Craig Calcaterra, Wulf A. Kaal, *Contemporary Decentralization* (2021), From Social Media to Decentralized Coordination, page 6

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Contemporary Decentralization (2021). SSRN: https://ssrn.com/abstract=3782198

**Verify.** sha256 of source PDF `e7e1378e3eed06cace6534e7792a7307d607d18bc6beb4ac45896476280728e4` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Contemporary%20Decentralization.pdf

**Topics.** institutional-design, decentralization, risk-and-incentives, governance-design

**Keywords.** network-effects, centralized-ownership, incentive-design, web3, governance

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