# Currency devaluation

`kaal:entity:currency-devaluation`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `currency-devaluation`. 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 2024.

**2019**

- [3396522-001](https://wulfkaal.github.io/claims/3396522-001) [failure/argued] *(failure mode)* -- The unfettered discretion of fiat monetary policy makers can lead to arbitrary outcomes, because the overall value and stability of any fiat currency is contingent on the fluctuations and successes of a country's economy rather than on any fixed valuation basis.
  > The unfettered discretion of policy makers can lead to arbitrary outcomes.8 The overall value and stability of any fiat currency is contingent on fluctuations and successes of a country's economy.9
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522

**2024**

- [4900878-038](https://wulfkaal.github.io/claims/4900878-038) [mechanism/asserted] -- Guaranteeing users full ownership and control over their digital assets protects them from asset confiscation and from loss of purchasing power through currency devaluation, which matters most to individuals in regions with unstable financial systems.
  > By ensuring full ownership and control over digital assets, the VOW ecosystem protects users from asset confiscation and loss of purchasing power due to currency devaluation.
  Wulf A. Kaal, Quantum Economy and Tokenomics (2024). SSRN: https://ssrn.com/abstract=4900878

## 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/currency-devaluation.md | sha256sum

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