kaal:claim:7322599-020

Within delegated proof-of-stake, the refundable fungible principal is not the scalable deterrent; the continuation value of remaining matched is.

Source quote, verbatim

Within that delegated domain, the refundable fungible princi- pal of conventional proof-of-stake delegation is not the scalable deterrent; the continu- ation value of remaining matched is.

From

Wulf A. Kaal, Refundable Stake Does Not Expand Deterrent Capacity in Long-Lived Delegation: Collateral, Premia, and Pseudonymous Markets (2026), 6 The regime map and the capacity prediction, p. 9
https://ssrn.com/abstract=7322599 · source PDF

Cite as

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

Holds when

the delegated domain of the model, not consensus-layer security

Classification

mechanismsupport: arguedconsensus-and-securityblockchaintokenomicsreputation

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