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

absent stablecoins

Classification

conditionsupport: arguedtokenomics

Verify

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Attestation record: colloquium/attestations/249f1ce9ae1bd442...json
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