kaal:claim:3782205-032

In peer to peer systems the redundant and eternal storage of the blockchain takes the place of the central bank.

Source quote, verbatim

In P]P, the redundant and eternal storage of the blockchain takes the place of the central bank.

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

peer to peer decentralized settlement

Classification

mechanismsupport: assertedblockchainsystemic-risk

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/c09151521abb05f8...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3782205-032.md | sha256sum