# kaal:claim:4033886-015

**Claim.** A programmed and enforceable quantity commitment secures a reliably positive value for Bitcoin because the governing source code is fully transparent on the blockchain and continuously verifiable.

**Type.** mechanism  **Support.** argued

**Holds when.**

- cryptocurrencies with observable open source code

**Source quote.**

> For instance, a programmed enforceable quantity commitment ensures a reliable positive value of Bitcoin.33 Cryptocurrencies' observable source code are fully transparent on their respective blockchain and continuously verifiable.34

**From.** Wulf A. Kaal, Samuel Evans, Hayley Howe, *Digital Asset Valuation* (2022), II.2 Impact of Digital Asset Characteristics on Valuation, page 12

**Cite as.** Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886

**Verify.** sha256 of source PDF `52ba05b1292b1be4bfaf1ee5cf56b14fea9c196d870603e794d7ee316df129bd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20et%20al.%20-%202022%20-%20Digital%20Asset%20Valuation.pdf

**Topics.** disclosure, tokenomics

**Keywords.** quantity-commitment, source-code-transparency, bitcoin, verifiability

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