# Crypto economy `kaal:entity:crypto-economy` **Status.** derived This node is assembled mechanically from the 8 claims that carry the concept tag `crypto-economy`. 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 8 claims across 5 works, 2017 to 2018. **2017** - [2992962-003](https://wulfkaal.github.io/claims/2992962-003) [predictive/argued] *(failure mode)* -- If the jurisdictional means necessary for conflict resolution mechanisms covering Ethereum blockchain based smart contracting are absent, consumers will mistrust the new technology, and that mistrust can undermine the evolution of the blockchain based crypto economy. > Not having the required jurisdictional means necessary for conflict resolution mechanisms for Ethereum blockchain-based smart contracting, may invoke consumer mistrust in the new technology. This can then undermine the evolution of the blockchain-based crypto economy. Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962 - [2992962-022](https://wulfkaal.github.io/claims/2992962-022) [predictive/argued] -- Hybrid approaches and meta structures that connect the existing legal and regulatory infrastructure with blockchain based smart contracting will accelerate rather than slow the bifurcation of the jurisdictional infrastructure into traditional and crypto prongs. > Hybrid approaches and meta-structures that attempt to connect the existing legal and regulatory infrastructure with the blockchain-based world of smart contracting may ultimately accelerate the bifurcation of the jurisdictional infrastructure into traditional and crypto prongs Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962 - [2992962-023](https://wulfkaal.github.io/claims/2992962-023) [mechanism/argued] -- The legacy infrastructure bridge between fiat and crypto currencies accelerates the growth of the blockchain based economy and infrastructure, but it cannot curtail the anonymous nature of that economy. > The legacy infrastructure bridge (fiat to crypto currencies) accelerates the growth of the blockchain-based economy and infrastructure but cannot curtail its anonymous nature. Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962 - [2992962-034](https://wulfkaal.github.io/claims/2992962-034) [failure/argued] *(failure mode)* -- Without judge expertise in the subject matter of a smart contract dispute, user confidence in effective and fair conflict resolution is undermined, which reduces confidence in crypto transactions as a whole and can undermine the evolution of the crypto economy. > Without judge's expertise in a given smart contract subject matter of a dispute user confidence in effective and fair conflict resolution is undermined which leads to overall less confidence in crypto transactions as a whole and can undermine the evolution of the crypto economy. Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962 - [3002908-001](https://wulfkaal.github.io/claims/3002908-001) [failure/argued] *(failure mode)* -- The absence of regulatory recognition of blockchain technology is itself a source of harm: it creates significant uncertainty for the blockchain community and undermines the evolution of the crypto economy. > The lack of regulatory recognition of Blockchain technology creates significant uncertainty for the blockchain community and undermines the evolution of the crypto economy. Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908 - [3067615-040](https://wulfkaal.github.io/claims/3067615-040) [predictive/speculative] -- Through continuous evolution and improvement of ICO practices, the ICO industry and the underlying crypto businesses can become the foundation of the emerging crypto economy. > Through ICOs' evolution and continuous practice improvements, the ICO industry and underlying crypto businesses can become the foundation of the emerging crypto economy. Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615 - [3071378-040](https://wulfkaal.github.io/claims/3071378-040) [predictive/argued] -- Equality is a natural byproduct of the blockchain-driven evolution of the crypto economy, because the trust enhancing consensus model, smart contracting in anonymous networks, and DAOs together allow a more equal society to evolve. > Equality is a natural byproduct of the blockchain-driven evolution of the crypto economy. Blockchain's trust enhancing consensus model, smart contracting in anonymous networks, and DAOs allow for the evolution of a more equal society. Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378 **2018** - [3125822-001](https://wulfkaal.github.io/claims/3125822-001) [condition/argued] -- The crypto economy can continue to develop without falling back on centralized regulating authorities only if two things exist: a system for evaluating reputation and trust, and a fair dispute resolution system that guarantees certainty of outcomes. > two requirements in order for the crypto economy to continue to develop while avoiding the inefficiencies of centralized regulating authorities: 1) a system for evaluating reputation/trust; 2) a fair dispute resolution system which guarantees certainty of outcomes. Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018). SSRN: https://ssrn.com/abstract=3125822 ## 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/crypto-economy.md | sha256sum **Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.