# Holding taxes

`kaal:entity:holding-taxes`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `holding-taxes`. 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 1 works, 2019 to 2019.

**2019**

- [3402701-027](https://wulfkaal.github.io/claims/3402701-027) [design/argued] -- Holding taxes are the implicit result of inflation borne by coin holders, and they should be set to account for the inefficiencies of the economy rather than the inefficiencies of maintaining the currency.
  > Holding taxes should account for the inefficiencies of the economy, instead of the inefficiencies of the maintenance of the currency
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701
- [3402701-029](https://wulfkaal.github.io/claims/3402701-029) [predictive/argued] -- Blockchain users are likely to demand zero transaction fees while failing to notice holding fees below about 3 percent annually, which a USD peg institutes implicitly through a comparable inflation target.
  > Most likely this culture will continue to the decentralized economy, where blockchain users will expect 0 transaction fees but will probably not notice holding fees below 3% annual
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701

## 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/holding-taxes.md | sha256sum

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