{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3782201-034",
 "identifier": "kaal:claim:3782201-034",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Future of Decentralization",
  "datePublished": "2021",
  "url": "https://ssrn.com/abstract=3782201",
  "sha256": "bedf7bcfbb7a9b0112b5848cb0d941b1d41f330dafeee0143a30ff5e8aa53700",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Future%20of%20Decentralization.pdf"
 },
 "keywords": [
  "decentralization",
  "economics",
  "institutional-design",
  "law-and-legal-systems"
 ],
 "about": [
  "decentralized-economy",
  "institutional-dependence",
  "parasitism",
  "legal-infrastructure"
 ],
 "abstract": "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.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "if the contemporary political system does not itself incorporate the new information technology advances"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/30a7b4f7217d3bfc1d4e38c4db790d4f106381c03a6a968d96b5f6eb25b9f69f.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "30a7b4f7217d3bfc1d4e38c4db790d4f106381c03a6a968d96b5f6eb25b9f69f",
 "canonicalForm": "https://wulfkaal.github.io/claims/3782201-034.md"
}