# Institutional infrastructure

`kaal:entity:institutional-infrastructure`

**Status.** derived

This node is assembled mechanically from the 5 claims that carry the concept tag `institutional-infrastructure`. 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

5 claims across 4 works, 2014 to 2021.

**2014**

- [kaal-2014-dynamicregulationviagove-016](https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-016) [failure/argued] *(failure mode)* -- The shortcomings of the existing rulemaking framework cannot be adequately addressed from within that framework, because its structure rests on the assumption that rules ought to be stable and presumptively optimal.
  > They are unlikely to be adequately addressed within the existing institutional infrastructure be- cause the structure of the existing regulatory framework is based on the as- sumption that rules ought to be stable and presumptively optimal to address a given regulatory problem.
  Kaal, Dynamic Regulation via Governmental Contracts (2014)

**2017**

- [2957645-008](https://wulfkaal.github.io/claims/2957645-008) [mechanism/argued] -- Supplementing the existing regulatory infrastructure with dynamic elements can reduce suboptimal regulatory outcomes, because dynamic regulation as a supplement addresses the shortcomings of the existing rulemaking framework and curtails increased demands on the institutional infrastructure.
  > supplementing the regulatory infrastructure with dynamic elements can reduce suboptimal regulatory outcomes.17 Dynamic regulation as a regulatory supplement can help address the shortcomings of the existing rulemaking framework and curtail increased demands on the institutional infrastructure.
  Kaal, Dynamic Regulation via Contingent Capital (2017). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957645

**2021**

- [3782192-038](https://wulfkaal.github.io/claims/3782192-038) [condition/asserted] *(failure mode)* -- Decentralized money and decentralized contracts have been built, but decentralized business will not work until roughly eight further decentralized institutions that people actually use in business are built.
  > Two important tools have been built, decentralized money (Bitcoin) and decentral- ized contracts (Ethereum). But it won't work until eight more decentralized institu- tions are built that people use to do business.
  Craig Calcaterra, Wulf A. Kaal, Introduction to Decentralization (2021). SSRN: https://ssrn.com/abstract=3782192
- [3782201-031](https://wulfkaal.github.io/claims/3782201-031) [condition/argued] -- 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.
  > The entire environment of the decentral- ized economy needs to be built before it can support its first truly successful DAO.
  Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201
- [3782201-037](https://wulfkaal.github.io/claims/3782201-037) [condition/argued] *(failure mode)* -- 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.
  > 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.
  Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201

## 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/institutional-infrastructure.md | sha256sum

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