# kaal:claim:3808873-005

**Claim.** Decentralized issuers treated central bank issued digital currencies as a threat rather than as a pathway to mainstream acceptance of more decentralized cryptocurrencies, and that misreading forfeited a route to broader adoption.

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

**Holds when.**

- central bank digital currency debate of the early 2020s

**Source quote.**

> Rather than seeing the central bank issued digital currencies as a pathway to mainstream acceptance of more decentralized cryptocurrencies, the decentralized issuers of digital assets and their community perceived their centralized counterparts as a threat.

**From.** Wulf A. Kaal, *Decentralization Neutralizers* (2021), I. Introduction, page 6

**Cite as.** Wulf A. Kaal, Decentralization Neutralizers (2021). SSRN: https://ssrn.com/abstract=3808873

**Verify.** sha256 of source PDF `f11493915e6b8c266d421510b5546816e33defb5650aac9d09b20d78549da727` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Decentralization%20Neutralizers.pdf

**Failure mode.** CBDC Threat Misreading  (family: adoption-and-usability-barrier)

**Topics.** institutional-design

**Keywords.** cbdc, cryptocurrency, mainstream-adoption, crypto-community

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