# kaal:claim:3782201-030

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- people coins as distinct from government coins and corporate coins

**Source quote.**

> 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.

**From.** Craig Calcaterra, Wulf A. Kaal, *Future of Decentralization* (2021), Path dependencies, page 26

**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.** regulatory vacuum for maximally decentralized products  (family: enforcement-gap)

**Topics.** tokenomics, law-and-legal-systems, decentralization

**Keywords.** regulatory-vacuum, people-coins, legal-uncertainty, decentralization

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3808873-026
- extends: https://wulfkaal.github.io/claims/3067615-029
- extended_by: https://wulfkaal.github.io/claims/3808873-024

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