kaal:claim:3782205-027

An artificially scarce currency such as bitcoin is deflationary as long as its market expands, and like gold its price fluctuation makes it unsuitable for daily commerce.

Source quote, verbatim

The artificially scarce bitcoin currency is deflationary as long as its market expands. Like gold, its fluctuation makes it unsuitable for daily commerce.

From

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

Cite as

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

Holds when

holds while the currency's market is expanding

Classification

mechanismsupport: arguedtokenomicseconomics

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 5ba52c63e81019b6867fb29c4a50821ff574e510d79b31b8ce9f4c726a0ebc71. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/b86930578c895b4a...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3782205-027.md | sha256sum