# kaal:claim:3782216-021

**Claim.** Greater transparency is in tension with more open membership, because larger networks are only achieved when privacy is ensured.

**Type.** failure  **Support.** argued

**Source quote.**

> greater transparency is at odds with more open membership, because larger networks are only achieved when privacy is ensured.

**From.** Craig Calcaterra, Wulf A. Kaal, *Decentralized Finance (DeFi)* (2021), General principles

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216

**Verify.** sha256 of source PDF `f1739743aa06bbc1641cd65da790d531b69d8628ea3f5cc3fcad1bf5a1242373` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Decentralized%20Finance%20%28DeFi%29.pdf

**Failure mode.** transparency privacy tradeoff  (family: staking-and-incentive-misalignment)

**Topics.** disclosure, consensus-and-security, institutional-design, economics

**Keywords.** transparency, privacy, network-effects, price-discovery

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