# kaal:claim:3949098-004

**Claim.** 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.

**Type.** definitional  **Support.** asserted

**Holds when.**

- meaningful decentralized reputation has been established

**Source quote.**

> 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, page 5

**Cite as.** Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098

**Verify.** sha256 of source PDF `04297905564a6092b2db7640561f58fd374d3114c79527357bad09d11b909819` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Reputation%20as%20Capital%20%E2%80%93%20How%20DAOs%20Upgrade%20Finance.pdf

**Topics.** reputation, decentralization, dao

**Keywords.** reputation-as-capital, capital-requirements, decentralized-reputation, dao-design

**Related claims.**

- generalizes: https://wulfkaal.github.io/claims/3962614-043
- extends: https://wulfkaal.github.io/claims/3396542-033
- generalizes: https://wulfkaal.github.io/claims/3962614-002
- generalizes: https://wulfkaal.github.io/claims/3962614-029
- restates: https://wulfkaal.github.io/claims/3782216-018

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