# Decentralized banking

`kaal:entity:decentralized-banking`

**Status.** derived

This node is assembled mechanically from the 4 claims that carry the concept tag `decentralized-banking`. 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 2 works, 2019 to 2021.

**2019**

- [3406323-028](https://wulfkaal.github.io/claims/3406323-028) [design/argued] -- Democratized banking is more responsive to regulation than centralized structures because ideas at the edge have greater opportunity to affect policy, unlike the existing global hierarchy in which a single group in Basel provides the dominant voice.
  > democratized banking is more responsive to regulation because ideas at the edge have a greater opportunity for affecting policy than centralized structures such as the existing global hierarchy which leads to a single group in Basel, Switzerland providing the dominant voice.
  Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323
- [3406323-029](https://wulfkaal.github.io/claims/3406323-029) [mechanism/argued] -- Decentralized banking substitutes blockchain transparency, a permanently uneditable record, and equal access for the governmental fiat that traditionally created public confidence, building slowly toward the higher confidence equilibrium that raises economic efficiency.
  > Decentralized banking uses blockchain technology's property of complete transparency, a permanently uneditable record, and equal access to all, in order to provide a continually auditable system to slowly and stably build toward this higher equilibrium of public confidence.
  Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

**2021**

- [3782216-004](https://wulfkaal.github.io/claims/3782216-004) [mechanism/argued] -- Decentralized banking addresses blockchain scaling, because the linear structure of a blockchain means that doubling the number of participants and transactions halves its speed.
  > Decentralized banking helps solve a major problem with blockchains called scaling. If you double the number of participants and transactions, the linear nature of the blockchain makes it slow down by half.
  Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216
- [3782216-007](https://wulfkaal.github.io/claims/3782216-007) [design/argued] -- The application that decentralized banking improves most is not currency tokens but reputation tokens, because reputation transactions such as voting and resolving validation pools are generated by every meaningful action.
  > The application that banking most improves, however, is not currency tokens, but reputation tokens. Reputation transactions include voting, resolving a validation pool and distributing the results
  Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216

## 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/decentralized-banking.md | sha256sum

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