kaal:claim:3782201-034

Unless the Web3 vision builds at least the features and social advantages of the current political and legal systems into its economy, the decentralized economy will merely be a parasite on the dying host of the traditional mainstream economy, and once the host dies today's social advantages will be lost.

Otherwise the decentralized economy will merely be a parasite on the dying host that is the traditional mainstream economy; in that case, once the host is dead, the social advantages we enjoy today will be lost.

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), Overhead institutions are catalysts for the economy, p. 28
https://ssrn.com/abstract=3782201 · source PDF

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

• if the contemporary political system does not itself incorporate the new information technology advances

failuresupport: arguedfailure: parasite on a dying hostfamily: cold-start-and-bootstrappingdecentralizationeconomicsinstitutional-designlaw-and-legal-systems

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