kaal:claim:3782217-001

Market liquidity depends on trustworthiness, and trustworthiness depends on observed momentum: isolated instances of motion are insufficient, because the observations must be collected into a history before they carry weight and meaning.

Source quote, verbatim
To achieve liquidity, marketplaces must be trustworthy. They need momen- tum. It's not enough to achieve motion in any particular instance. Momentum must be observed to give trust to the marketplace. These observations need to be collected in a history to give them weight and meaning.
From

Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021), Chapter 9. Historiography, p. 2
https://ssrn.com/abstract=3782217 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021). SSRN: https://ssrn.com/abstract=3782217

Holds when
Classification

mechanismsupport: asserteddefireputationeconomics

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 358779557d8e7dcd101720ca0fad90b9146d24f1c7c03909eb431fcf1fb7e103. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/b4843ca3be419eed...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3782217-001.md | sha256sum