kaal:claim:3782201-020

Bitcoin demonstrates the power of decentralized cooperation and transparency: after a decade without centralized oversight, no network transaction has sent the wrong quantity or gone to the wrong account and no bug has produced an accounting error in a system worth hundreds of billions of dollars.

Source quote, verbatim

No digital token has ever disappeared or was mistakenly duplicated. Not a single bug has been found to create any type of accounting error in a system worth hundreds of billions of dollars.

From

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), Obstacles to decentralization, p. 22
https://ssrn.com/abstract=3782201 · source PDF

Cite as

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

Holds when

applies to the network protocol itself, not to the centralized service organizations built on it, from which billions have been stolen

Classification

empiricalsupport: evidencedtokenomicsdecentralizationlaw-and-legal-systemsdisclosure

Verify

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Attestation record: colloquium/attestations/9022c13dbee9c9df...json
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