# kaal:claim:3782205-020

**Claim.** Ethereum will not be efficient until it operates inside a robust decentralized economy, and it will not last at all unless its governance is fixed.

**Type.** failure  **Support.** asserted

**Holds when.**

- applies to Ethereum specifically

**Source quote.**

> Like Bitcoin, it won't be efficient until it lives in a robust decentralized economy. It won't last unless its gov- ernance is fixed.

**From.** Craig Calcaterra, Wulf A. Kaal, *Eight Institutions for the Evolution of Decentralization* (2021), Chapter 9. Eight institutions, page 3

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205

**Verify.** sha256 of source PDF `5ba52c63e81019b6867fb29c4a50821ff574e510d79b31b8ce9f4c726a0ebc71` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Eight%20Institutions%20for%20the%20Evolution%20of%20Decentralization.pdf

**Failure mode.** Unfixed protocol governance  (family: governance-participation-collapse)

**Topics.** governance-design, economics

**Keywords.** ethereum, governance, protocol-survival, efficiency

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