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 "@id": "https://wulfkaal.github.io/entities/chicken-and-egg",
 "identifier": "kaal:entity:chicken-and-egg",
 "name": "Chicken and egg",
 "termCode": "chicken-and-egg",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782205-030",
   "identifier": "kaal:claim:3782205-030",
   "text": "The stablecoin cannot be efficient until a robust decentralized economy already exists, producing a chicken and egg problem in which the required institutions presuppose one another.",
   "abstract": "We need a robust decentralized economy (#W, below) before the stablecoin can be efficient—another chicken and egg problem.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205",
   "datePublished": "2021",
   "claim_type": "condition",
   "confidence": "argued",
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782210-035",
   "identifier": "kaal:claim:3782210-035",
   "text": "Reputation-based governance faces a chicken and egg problem: voting becomes more efficient once reputation is valuable, but reputation cannot become valuable without meaningful voting.",
   "abstract": "This is another chicken and egg problem. Voting will be more efficient with valu- able reputation. Reputation can't be valuable without meaningful voting.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782210",
   "datePublished": "2021",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "bootstrapping a reputation system on existing infrastructure"
   ],
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782217-016",
   "identifier": "kaal:claim:3782217-016",
   "text": "Oracle DAOs and decentralized finance DAOs face a bootstrapping deadlock because each relies on the other for its very existence, a chicken and egg problem the authors address by having participants prove their worth in a development period before they can charge other DAOs fees.",
   "abstract": "Unfortunately, oracle DAOs and deFi DAOs rely on each other for their very existence. Which will come first, the chicken or the egg?",
   "citation": "Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021). SSRN: https://ssrn.com/abstract=3782217",
   "datePublished": "2021",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "early stage decentralized finance ecosystems"
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 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'chicken-and-egg'. Derived node: a roster, not an adjudicated definition."
}