# Adaptive rules

`kaal:entity:adaptive-rules`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `adaptive-rules`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 2 works, 2016 to 2019.

**2016**

- [2808132-032](https://wulfkaal.github.io/claims/2808132-032) [design/argued] -- Through feedback effects, rulemakers in a dynamic regulatory framework can adopt rules that are adaptable to future states of the world rather than fixed to current conditions.
  > effects.117 Existing rules can provide feedback effects for the rulemaking process itself. Through feedback effects, rulemakers in a dynamic regulatory framework can adopt rules that are adaptable to future states of the world.
  Wulf A. Kaal, Erik P.M. Vermeulen, How to Regulate Disruptive Innovation - From Facts to Data (2016). SSRN: https://ssrn.com/abstract=2808132

**2019**

- [3402701-012](https://wulfkaal.github.io/claims/3402701-012) [design/argued] -- Because no fixed rule set can resist a patient adversary, any stable coin scheme requires a nimble and responsive governance process whose rules can always be adjusted to changing market conditions.
  > This means a nimble and responsive governance process is required for any such stable coin scheme, because the rules must always be ready to be adjusted to respond to the changing conditions of the market
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701
- [3402701-037](https://wulfkaal.github.io/claims/3402701-037) [design/argued] *(failure mode)* -- No static set of rules can prevent the corruption that will eventually cause any stability design to fail, but a changing rule set administered by nimble governance can prevent that failure if enough resources reward anti-corruption effort.
  > No static set of rules can prevent the corruption that will eventually lead to the failure of any stability design. But a changing set of rules can prevent such failure
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/adaptive-rules.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.