# kaal:claim:3782210-011

**Claim.** The Web of Trust works acceptably for low-value information transmission but should not be used for transactions involving larger wealth in the general economy, which is part of why the scheme it originated in is called pretty good privacy rather than good privacy.

**Type.** design  **Support.** argued

**Holds when.**

- high value economic transactions

**Source quote.**

> It works well for low-value infor- mation transmission, but it should not be used for transactions involving larger wealth in the general economy.

**From.** Craig Calcaterra, Wulf A. Kaal, *The Importance of Reputation for the Evolution of Decentralization* (2021), Web of Trust, page 4

**Cite as.** Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782210

**Verify.** sha256 of source PDF `9cc531ab239f6266c8aeddcc8e54f4c06029c44e825444bee137bbcc0c9d0a8e` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20The%20Importance%20of%20Reputation%20for%20the%20Evolution%20of%20Decentralization.pdf

**Failure mode.** Value threshold breach  (family: reputation-system-gaming)

**Topics.** reputation, consensus-and-security

**Keywords.** web-of-trust, pgp, value-threshold, security

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3266953-031
- extends: https://wulfkaal.github.io/claims/3266953-028

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