kaal:claim:3782203-024

If the decentralized economy is constructed as a zero-sum game, cooperation becomes impossible because the only feasible long-term strategy is maximal extraction, and participants are incentivized to play the most ruthless strategies available against their counterparties.

a zero-sum game, then cooperation is not possible as the only feasible long-term strat- egy is the pirate code: take anything not nailed down and leave nothing for your op- ponent. Then people are incentivized to play the most ruthless strategies available to hurt the other parties of a contract.

Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021), Zero-sum games and Code-is-Law smart contracts, p. 17
https://ssrn.com/abstract=3782203 · source PDF

Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021). SSRN: https://ssrn.com/abstract=3782203

• zero-sum reward structures
• especially where counterparties are anonymous

mechanismsupport: arguedfailure: zero-sum-degenerationfamily: collective-action-and-coordination-failurerisk-and-incentiveseconomics

• supports kaal:claim:3441904-043 Reputation based DAO governance turns a zero sum game into a positive sum game, because members are given ince...
• extends kaal:claim:3782193-031 Honesty would be the wrong strategy for an agent if the contract were anonymous and its resolution did not aff...
• extended_by kaal:claim:3782214-001 Reputation changes the incentive structure of a decentralized organization from a single stage, zero sum game ...
• supports kaal:claim:3782193-032 Adding reputation to the contracting game converts it from a single-stage zero-sum game into a repeated positi...
• extends kaal:claim:3782193-025 Giving the Apaches cattle in 1917 succeeded where military force had failed because the valuable assets create...

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