kaal:claim:3782216-027

A decentralized economy requires stable cryptocurrencies, because renegotiating contracts every time a currency's value changes is inefficient and continually punishes one of the parties.

Source quote, verbatim
Renegotiating contracts each time the value of a currency changes is inefficient, and continually punishes one of the parties. The economy should not be founded on gambling, so any future decentralized economy requires stable cryptocurrencies.
From

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021), Stablecoins
https://ssrn.com/abstract=3782216 · source PDF

Cite as

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

Holds when
Classification

conditionsupport: arguedtokenomics

Verify

The quote above is an exact substring of the source PDF, whose sha256 is f1739743aa06bbc1641cd65da790d531b69d8628ea3f5cc3fcad1bf5a1242373. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/249f1ce9ae1bd442...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3782216-027.md | sha256sum