kaal:claim:3782201-037

Without decentralized versions of the services that overhead institutions provide, including justice, media, banking, underwriting, and insurance, DAOs will not be able to compete with centralized companies.

Source quote, verbatim

The imagined future decentralized economy is missing almost all of the functions these institutions provide. Without decentralized versions of these services, DAOs will not be able to compete with centralized companies.

From

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), Overhead institutions are catalysts for the economy, p. 30
https://ssrn.com/abstract=3782201 · source PDF

Cite as

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

Classification

conditionsupport: arguedfailure: missing decentralized overhead institutionsfamily: cold-start-and-bootstrappingdaoinstitutional-designeconomicsdecentralization

Related claims

restated_by kaal:claim:3782205-004 A DAO will not be a genuinely profitable addition to the economy until decentralized versions of the legal sys...

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