# kaal:claim:3782201-037

**Claim.** 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.

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

**Source quote.**

> 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, page 30

**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.** missing decentralized overhead institutions  (family: cold-start-and-bootstrapping)

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

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

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3782205-004

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