# Commerce

`kaal:entity:commerce`

**Status.** derived

This node is assembled mechanically from the 4 claims that carry the concept tag `commerce`. 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

4 claims across 3 works, 2019 to 2021.

**2019**

- [3396522-017](https://wulfkaal.github.io/claims/3396522-017) [mechanism/argued] -- Conducting commerce on public blockchains counteracts corruption because every transaction becomes publicly visible and traceable to both consumers and the government, removing the untraceability that corrupt dealing requires.
  > The transparency and traceability of public blockchain transactions in business and commerce counteracts corruption. Using public blockchains in commerce makes every and all transactions publicly visible and traceable for consumers and the government alike.
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522
- [3396522-018](https://wulfkaal.github.io/claims/3396522-018) [mechanism/argued] -- Stability drives a causal chain in commerce: the more stable a cryptocurrency, the more it proliferates, and the more stable cryptocurrencies proliferate in commerce, the less able corruption is to destroy economic growth, making the degree of currency stability negatively correlated with corruption.
  > The more stable a cryptocurrency is, the more likely it is to proliferate.137 In turn, the more proliferation of stable cryptocurrencies occurs in commerce, the less likely it is for corruption to destroy economic growth.
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522
- [3405401-025](https://wulfkaal.github.io/claims/3405401-025) [condition/argued] -- Reputation is the key ingredient that enables commerce, and it is precisely the ingredient that makes truly decentralized solutions possible.
  > In as much as reputation enables truly decentralized solutions reputation is also the key ingredient that enables commerce.
  Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401

**2021**

- [3782205-027](https://wulfkaal.github.io/claims/3782205-027) [mechanism/argued] -- An artificially scarce currency such as bitcoin is deflationary as long as its market expands, and like gold its price fluctuation makes it unsuitable for daily commerce.
  > The artificially scarce bitcoin currency is deflationary as long as its market expands. Like gold, its fluctuation makes it unsuitable for daily commerce.
  Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205

## 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/commerce.md | sha256sum

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