kaal:claim:3936876-038

Applying current legacy custody rules developed for traditional assets to digital assets is inconsistent with the foundations of decentralization, because the very nature of a decentralized system mandates the avoidance and eradication of intermediaries for business transactions.

Source quote, verbatim

From the perspective of decentralization, the application of current legacy rules around custody of traditional assets is inconsistent with decentralization foundations.

From

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021), IV. Conclusion, p. 32
https://ssrn.com/abstract=3936876 · source PDF

Cite as

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

Holds when

viewed from the perspective of decentralization

Classification

normativesupport: arguedfailure: legacy custody rules recentralize decentralized systemsfamily: recentralization-driftdecentralizationdefi

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