# kaal:claim:3782201-034

**Claim.** 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.

**Type.** failure  **Support.** argued

**Holds when.**

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

**Source quote.**

> 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.

**From.** Craig Calcaterra, Wulf A. Kaal, *Future of Decentralization* (2021), Overhead institutions are catalysts for the economy, page 28

**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.** parasite on a dying host  (family: cold-start-and-bootstrapping)

**Topics.** decentralization, economics, institutional-design, law-and-legal-systems

**Keywords.** decentralized-economy, institutional-dependence, parasitism, legal-infrastructure

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