# kaal:claim:3949098-017

**Claim.** Because the cryptocurrency market has been hype driven, technical experience has not added significantly to overall market development and maturity.

**Type.** failure  **Support.** asserted

**Holds when.**

- cryptocurrency market of the early 2020s

**Source quote.**

> Because the market has been so hype driven, technical experience has not added significantly to overall market development and maturity.

**From.** Wulf A. Kaal, *Reputation as Capital – How DAOs Upgrade Finance* (2021), II. Basic Concept, 3. Risk Optimization, page 11

**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

**Failure mode.** Hype Driven Market Discounts Technical Merit  (family: valuation-and-pricing-failure)

**Topics.** economics

**Keywords.** hype-cycle, market-maturity, technical-expertise, digital-assets

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3606663-019

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