{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3936876-039",
 "identifier": "kaal:claim:3936876-039",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Custody of Digital Assets",
  "datePublished": "2021",
  "url": "https://ssrn.com/abstract=3936876",
  "sha256": "9bc0903d01910460298e754c451f027df4324367359800a98ee8e638d94aff55",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Howe%20-%202021%20-%20Custody%20of%20Digital%20Assets.pdf"
 },
 "keywords": [
  "reputation",
  "decentralization"
 ],
 "about": [
  "single-point-of-failure",
  "rent-seeking",
  "trusted-third-parties",
  "decentralization"
 ],
 "abstract": "Without it, single points of failure, rent- seeking behaviors and other suboptimal outcomes of legacy systems are inevitably seeping back into decentralized solutions.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "decentralized systems that reintroduce trusted third parties"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/0a7b775b4be7b12914ff2e9b60655e5ab0e06dd862cc3a15c4fa33e539de18f6.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "generalizes",
     "to": "https://wulfkaal.github.io/claims/6192998-002",
     "to_id": "kaal:claim:6192998-002",
     "similarity": 0.354
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "0a7b775b4be7b12914ff2e9b60655e5ab0e06dd862cc3a15c4fa33e539de18f6",
 "canonicalForm": "https://wulfkaal.github.io/claims/3936876-039.md"
}