# Crypto winter

`kaal:entity:crypto-winter`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `crypto-winter`. 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

2 claims across 2 works, 2019 to 2019.

**2019**

- [3396522-030](https://wulfkaal.github.io/claims/3396522-030) [failure/evidenced] *(failure mode)* -- The lack of interoperability is a very serious threat to the survivability of cryptocurrency projects, as the crypto winter of 2018 and 2019 demonstrated when thousands of competing, non interoperable projects failed.
  > The lack of interoperability is a very serious threat of survivability of cryptocurrency projects.
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522
- [3409548-031](https://wulfkaal.github.io/claims/3409548-031) [empirical/argued] *(failure mode)* -- The shift of the digital asset market back from the ICO model to the venture model since late 2017 has reduced, not increased, diversification for investors.
  > Since late 2017, the market for digital assets has moved back from the ICO model to the venture model, leading to less diversification.
  Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

## 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-winter.md | sha256sum

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