{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/4067783-038",
 "identifier": "kaal:claim:4067783-038",
 "text": "Decentralized structures outperform centralized ones on liquidity because in them market mass and velocity are uncorrelated, which yields more stable and predictable liquidity.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "DAO Fallacies",
  "datePublished": "2022",
  "url": "https://ssrn.com/abstract=4067783",
  "sha256": "48f1e307cdbbe28c7843f7744d0ba8cf01662f257a53f2066a7a6c7e03a5acec",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20DAO%20Fallacies.pdf"
 },
 "keywords": [
  "defi",
  "decentralization",
  "economics"
 ],
 "about": [
  "liquidity",
  "mass-and-velocity",
  "decentralization",
  "market-efficiency"
 ],
 "abstract": "Decentralized structures are better because mass and velocity are uncorrelated",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "mechanism"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": []
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/f0b551b0dca42bff08761ecacd24220f35a036d0b1bd6bc1304cb4b989c70fa3.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "f0b551b0dca42bff08761ecacd24220f35a036d0b1bd6bc1304cb4b989c70fa3",
 "canonicalForm": "https://wulfkaal.github.io/claims/4067783-038.md"
}