Reputation and governance are the two most important institutions missing from the decentralized economy, and once they are solved the remaining missing pieces are relatively easy to supply.
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Reputation and governance are the two most important institutions that are lack- ing in the decentralized economy. They occupy the majority of our concern for the remainder of the book. Once they are solved, the rest of the missing pieces are rela- tively easy to supply.
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Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021), Chapter 9. Eight institutions, p. 4 https://ssrn.com/abstract=3782205 · source PDF
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Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205
restated_bykaal:claim:3782216-001 The decentralized economy cannot fully proliferate until it acquires the institutions ordinary commerce depend...
extended_bykaal:claim:3782216-040 The decentralized economy still lacks trustworthy open source decentralized institutions for recording and par...
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