kaal:claim:3936876-039

Where owners do not rely on the cryptography of the wallet and of each transaction to avoid trusted third parties, single points of failure, rent seeking behaviors and other suboptimal outcomes of legacy systems inevitably seep back into decentralized solutions.

Source quote, verbatim

Without it, single points of failure, rent- seeking behaviors and other suboptimal outcomes of legacy systems are inevitably seeping back into decentralized solutions.

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

decentralized systems that reintroduce trusted third parties

Classification

failuresupport: arguedfailure: legacy suboptimality seepagefamily: recentralization-driftreputationdecentralization

Related claims

generalizes kaal:claim:6192998-002 Solving the identity problem through centralized control fails on its own terms: it reintroduces rent seeking ...

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