kaal:claim:3808867-033

Code based trust lowers transaction costs and simultaneously raises consumer and market confidence and certainty, which facilitates economies of scale that are rarely possible in centralized structures, despite the cybersecurity problems associated with cryptocurrencies.

Source quote, verbatim

code-based trust can help lower transaction costs, but it also increases consumer and overall market confidence and certainty, which facilitate economies of scale that are rarely possible in centralized structures

From

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021), V. Decentralized Commerce, p. 17
https://ssrn.com/abstract=3808867 · source PDF

Cite as

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021). SSRN: https://ssrn.com/abstract=3808867

Holds when

code based decentralized applications
presence of cybersecurity issues in cryptocurrency markets

Classification

mechanismsupport: arguedreputationeconomics

Related claims

restates kaal:claim:3782201-007 Code based trust in decentralized applications lowers transaction costs and simultaneously raises consumer and...
restates kaal:claim:3406323-012 Decentralized technologies increase consumer and market trust at unprecedented scale, which lowers transaction...

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