kaal:claim:7322599-008

Stakes denominated in non-fungible reputation tokens incentivize long-term probity and eliminate short-term arbitrage opportunities that fungible cryptocurrency stakes permit; the proof-of-stake design line supplied that mechanism intuition without deriving the present envelope.

The author’s proof-of-stake design line supplied a mechanism intuition, not a derivation of the present envelope: Calcaterra and Kaal (2018b) argue that stakes denominated in non-fungible reputation tokens incentivize long-term probity and eliminate short-term arbitrage opportunities that fungible cryptocurrency stakes per- mit

Wulf A. Kaal, Refundable Stake Does Not Expand Deterrent Capacity in Long-Lived Delegation: Collateral, Premia, and Pseudonymous Markets (2026), 2 Related literature, p. 5
https://ssrn.com/abstract=7322599 · source PDF

Wulf A. Kaal, Refundable Stake Does Not Expand Deterrent Capacity in Long-Lived Delegation: Collateral, Premia, and Pseudonymous Markets (2026). SSRN: https://ssrn.com/abstract=7322599

• as argued in the author's Secure Proof of Stake design line

designsupport: arguedreputationconsensus-and-securitytokenomicsblockchain

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