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  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3402701-001",
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   "text": "A currency that does not hold a stable store of value forces continual recalculation and renegotiation of contracts, so any future decentralized economy will require stable cryptocurrencies.",
   "abstract": "A fluctuating currency requires continual recalculation and renegotiation. Therefore, any future decentralized economy will require stable cryptocurrencies",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701",
   "datePublished": "2019",
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   "@type": "Claim",
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   "identifier": "kaal:claim:3782201-021",
   "text": "Despite billions of dollars of investment, radically decentralized tools including bitcoin currency, Ethereum smart contracts, and the InterPlanetary File System have not pervaded the mainstream economy.",
   "abstract": "These radically decentralized tools have not pervaded the mainstream economy despite billions of dollars in investment.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201",
   "datePublished": "2021",
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   "text": "The killer app for the decentralized economy is the DAO, a company governed autonomously by smart contracts and organized without any single permanent governing authority or concentrated ownership, whose existence would justify the other decentralized overhead tools.",
   "abstract": "We are still waiting for a single application, a killer app for WebZ. What will be the killer app for the decentralized economy? The answer is a DAO.",
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   "text": "New DAO proposals appear almost quarterly in the 2020s and most fail because of a lack of decentralized governance solutions.",
   "abstract": "New DAO proposals appear almost quarterly in the RWRWs. Most fail because of a lack of decentralized governance solutions.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201",
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   "text": "Centralized company formation is supported by an enormous infrastructure amounting to all of civilization, so the entire environment of the decentralized economy must be built before it can support its first truly successful DAO.",
   "abstract": "The entire environment of the decentral- ized economy needs to be built before it can support its first truly successful DAO.",
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   "text": "Unless the Web3 vision builds at least the features and social advantages of the current political and legal systems into its economy, the decentralized economy will merely be a parasite on the dying host of the traditional mainstream economy, and once the host dies today's social advantages will be lost.",
   "abstract": "Otherwise the decentralized economy will merely be a parasite on the dying host that is the traditional mainstream economy; in that case, once the host is dead, the social advantages we enjoy today will be lost.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201",
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    "if the contemporary political system does not itself incorporate the new information technology advances"
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   "text": "Without decentralized versions of the services that overhead institutions provide, including justice, media, banking, underwriting, and insurance, DAOs will not be able to compete with centralized companies.",
   "abstract": "The imagined future decentralized economy is missing almost all of the functions these institutions provide. Without decentralized versions of these services, DAOs will not be able to compete with centralized companies.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201",
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   "text": "Without a secure and meaningful reputation system, none of the other aspects of the decentralized economy will be effective, which makes reputation a precondition for the rest.",
   "abstract": "Without building a secure and meaningful reputational system, none of the other aspects of the decen- tralized economy will be effective.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205",
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   "text": "Reputation and governance are the two most important institutions missing from the decentralized economy, and once they are solved the remaining missing pieces are relatively easy to supply.",
   "abstract": "Reputation and governance are the two most important institutions that are lack- ing in the decentralized economy. They occupy the majority of our concern for the remainder of the book. Once they are solved, the rest of the missing pieces are rela- tively easy to supply.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205",
   "datePublished": "2021",
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   "text": "The decentralized economy cannot fully proliferate until it acquires the institutions ordinary commerce depends on, above all a secure and meaningful reputation system for anonymous supranational partners and an effective, dynamic governance system.",
   "abstract": "the decentralized economy is missing the major institutions that our society relies on to conduct profitable business, especially a secure and meaningful system for evaluating reputation for anonymous supranational partners, and an effective and dynamic governance system",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216",
   "datePublished": "2021",
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    "the decentralized economy as of the early 2020s"
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   "text": "A culture of respect for history is unnatural and must be consciously policed, which makes it another of the essential catalyst institutions that has to be deliberately built into the decentralized economy.",
   "abstract": "It's unnatural to have a culture of respect for history, and needs to be consciously policed—it's another of the essential catalyst institutions which needs to be built into the decentralized economy.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021). SSRN: https://ssrn.com/abstract=3782217",
   "datePublished": "2021",
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 "description": "11 claims in the published works of Wulf A. Kaal carry the concept tag 'decentralized-economy'. Derived node: a roster, not an adjudicated definition."
}