kaal:claim:3782205-028

Without price stability, typical consumers will never hold their checking account in a cryptocurrency and no one will enter a long-term contract for an essential service denominated in it.

Source quote, verbatim

Without stability, typical consumers will never hold their checking account in the currency. No one will make a long-term con- tract for an essential service.

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

volatile, non-stabilized cryptocurrencies

Classification

failuresupport: arguedfailure: Volatility-driven non-adoptionfamily: adoption-and-usability-barriertokenomics

Related claims

restates kaal:claim:3406323-022 People will not enter into long term smart contracts without a stable currency to refer to, since no renter an...

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