kaal:claim:3782210-042

Self-executing, self-regulating smart contracts between anonymous parties in an open system create a near perfect zero-sum situation unless the DAO also includes reputation.

Self-executing, self-regulating smart contracts between anonymous parties in an open system, create a near perfect zero- sum situation—unless your DAO also includes reputation.

Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021), Summary, p. 15
https://ssrn.com/abstract=3782210 · source PDF

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

• open systems
• anonymous counterparties
• code-is-law smart contract execution

failuresupport: arguedfailure: Smart contract zero-sum trapfamily: staking-and-incentive-misalignmentsmart-contractsreputationdao

• extends kaal:claim:3266953-015 A pure code is law smart contract between anonymous parties creates a zero sum scenario in which each party is...
• specializes kaal:claim:3782193-031 Honesty would be the wrong strategy for an agent if the contract were anonymous and its resolution did not aff...

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