# kaal:claim:3782198-034

**Claim.** A decentralized banking DAO built on top of the Bitcoin ledger could charge a smaller fee to hold minor transactions temporarily and bundle them into a single larger Bitcoin transaction on the eternal blockchain.

**Type.** design  **Support.** speculative

**Holds when.**

- proposed as a response to the permanent expense of on chain transactions

**Source quote.**

> A good idea for a DAO is a decentralized banking system built on top of the Bitcoin ledger that charges a smaller fee for temporarily storing minor trans- actions.

**From.** Craig Calcaterra, Wulf A. Kaal, *Contemporary Decentralization* (2021), New tools: blockchain protocols, page 31

**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.** dao, tokenomics, economics

**Keywords.** dao, layer-two, bitcoin, transaction-costs, design-proposal

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