# kaal:claim:3782201-018

**Claim.** Removing the middlemen who serve as business catalysts would kill the economy: liquidity would dry up because after a few people unfairly lose on business deals, no one will take the risk of initiating one.

**Type.** failure  **Support.** argued

**Holds when.**

- where no automated substitute performs the catalyst function

**Source quote.**

> Remove the middlemen business catalysts and the economy will soon die. Liquid- ity will dry up. A few people will unfairly lose on business deals, then no one will take the risk to initiate a business deal.

**From.** Craig Calcaterra, Wulf A. Kaal, *Future of Decentralization* (2021), The fallacy of Uniformitarianism and Chesterton’s fence, page 21

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201

**Verify.** sha256 of source PDF `bedf7bcfbb7a9b0112b5848cb0d941b1d41f330dafeee0143a30ff5e8aa53700` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Future%20of%20Decentralization.pdf

**Failure mode.** catalyst removal collapse  (family: liquidity-and-market-structure-failure)

**Topics.** defi, economics, decentralization

**Keywords.** intermediaries, liquidity, economic-friction, disintermediation

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