{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3782214-014",
 "identifier": "kaal:claim:3782214-014",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "citation": "Craig Calcaterra, Wulf A. Kaal, Decentralized Governance (2021). SSRN: https://ssrn.com/abstract=3782214",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Decentralized Governance",
  "datePublished": "2021",
  "url": "https://ssrn.com/abstract=3782214",
  "sha256": "ba892bb200c1455447c0014f5067a501a93ea9ec413c31942d95952eb3bdfd9d",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Decentralized%20Governance.pdf"
 },
 "keywords": [
  "risk-and-incentives",
  "smart-contracts"
 ],
 "about": [
  "incentive-design",
  "profit-motive",
  "smart-contracts",
  "collaboration"
 ],
 "abstract": "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.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "mechanism"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "anonymous members staking currency on rigid smart contracts"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/0a2c1523781d1c71d4e4f26c7374e2d7067f9de08a8134f357fc086d6924e2e6.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "0a2c1523781d1c71d4e4f26c7374e2d7067f9de08a8134f357fc086d6924e2e6",
 "canonicalForm": "https://wulfkaal.github.io/claims/3782214-014.md"
}