kaal:claim:3782214-014

When currency is the entire proximal goal of a transaction, all participants naturally behave as selfishly as possible and exploit any opportunity for individual profit at the group's expense, which makes cash profit a bad immediate incentive for both business and government.

Source quote, verbatim
If the entire proximal goal of a transaction is currency, all participants will naturally be- have in the most selfish manner possible, exploiting any opportunity for individual profit at the expense of the group.
From

Craig Calcaterra, Wulf A. Kaal, Decentralized Governance (2021), Decentralized governance with new IT tools, p. 8
https://ssrn.com/abstract=3782214 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Decentralized Governance (2021). SSRN: https://ssrn.com/abstract=3782214

Holds when
Classification

mechanismsupport: arguedfailure: currency as proximal goalfamily: staking-and-incentive-misalignmentrisk-and-incentivessmart-contracts

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