Kaal stipulates the core proposition of reputation as capital: once meaningful decentralized reputation is established, reputation can be used to remove the need for a capital base and for capital requirements.
Source quote, verbatim
In essence, once meaningful decentralized reputation is established, reputation can be used to remove the need for capital base and/or capital requirements.
From
Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021), II. Basic Concept, 1. Reputation Replaces Capital, p. 5 https://ssrn.com/abstract=3949098 · source PDF
Cite as
Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098
Holds when
meaningful decentralized reputation has been established
generalizeskaal:claim:3962614-043 Reputation as capital has the potential to lower capital requirements for VC businesses significantly and to i...
extendskaal:claim:3396542-033 The design's innovative features stem from tokens serving several purposes at once: as reward for risk taking ...
generalizeskaal:claim:3962614-002 Decentralized reputation governance models in venture capital have the potential to upgrade the venture capita...
generalizeskaal:claim:3962614-029 Reputation as venture capital must be distinguished from the capital replacement enabled in decentralized unde...
restateskaal:claim:3782216-018 From the viewpoint of consumers and regulators, encumbered reputation tokens serve as a substitute for capital...
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