kaal:claim:3782201-030

The more decentralized products are, meaning more censorship resistant, autonomous, and beyond regulatory control, the more they are left in a regulatory vacuum, and the resulting legal uncertainty limits their expansion, reach, and evolution.

As a result, the more decen- tralized products that are more censorship resistant, autonomous, and cannot be con- trolled by regulatory agencies, are largely left in a regulatory vacuum. The associated legal uncertainty limits their expansion, reach, and evolution.

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), Path dependencies, p. 26
https://ssrn.com/abstract=3782201 · source PDF

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

• people coins as distinct from government coins and corporate coins

mechanismsupport: arguedfailure: regulatory vacuum for maximally decentralized productsfamily: enforcement-gaptokenomicslaw-and-legal-systemsdecentralization

• restated_by kaal:claim:3808873-026 Regulatory solutions tracked the characteristics of issuers, so the more decentralized, censorship resistant a...
• extends kaal:claim:3067615-029 The lack of a regulatory framework creates significant legal uncertainty in the ICO market, and because crypto...
• extended_by kaal:claim:3808873-024 Because decentralized technology at its core negates external control, censorship and oversight, regulatory ap...

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