# kaal:claim:3782201-031

**Claim.** Centralized company formation is supported by an enormous infrastructure amounting to all of civilization, so the entire environment of the decentralized economy must be built before it can support its first truly successful DAO.

**Type.** condition  **Support.** argued

**Source quote.**

> The entire environment of the decentral- ized economy needs to be built before it can support its first truly successful DAO.

**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

**Topics.** dao, institutional-design, decentralization, economics

**Keywords.** dao, institutional-infrastructure, decentralized-economy, preconditions

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