# Obsolescence

`kaal:entity:obsolescence`

**Status.** derived

This node is assembled mechanically from the 6 claims that carry the concept tag `obsolescence`. 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

6 claims across 6 works, 2016 to 2025.

**2016**

- [2831040-009](https://wulfkaal.github.io/claims/2831040-009) [failure/argued] *(failure mode)* -- Formal rulemaking in the existing regulatory infrastructure is almost always too time consuming, because product innovation moves fast enough that regulations covering an innovative product are obsolete before they are finalized.
  > Formal rulemaking in the existing regulatory infrastructure is almost always too time-consuming (Sunstein 1999, McGarity 1992) because the speed of product innovation often makes regulations pertaining to an innovative product obsolete before such regulations are finalized
  Wulf A. Kaal, Dynamic Regulation for Innovation (2016). SSRN: https://ssrn.com/abstract=2831040

**2017**

- [2992962-026](https://wulfkaal.github.io/claims/2992962-026) [predictive/argued] *(failure mode)* -- The benefits of coding existing law into smart contracts are only temporary, because as smart contracting evolves over time fewer smart contracting solutions will have a real world equivalent.
  > The benefits of this hybrid approach are only temporary. As smart contracting evolves over time, fewer smart contracting solutions will have a real-world equivalent.
  Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962

**2019**

- [3409548-024](https://wulfkaal.github.io/claims/3409548-024) [mechanism/argued] -- Because blockchain is transparent, verifiable, self-authenticating and self-enforcing, transactions can settle instantaneously at near zero cost, and it is this combination plus technology-driven democratized trust that drove the financial industry's large blockchain investments out of fear of obsolescence.
  > Blockchain technology is transparent, verifiable, self- authenticating, and self-enforcing, financial transactions can be executed instantaneously at near zero transaction costs, increasing the efficiency for business and individuals exponentially.
  Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548
- [3441904-030](https://wulfkaal.github.io/claims/3441904-030) [predictive/argued] *(failure mode)* -- The speed of smart contracting and associated DAO revisions will render regulations aimed at morphing decentralized systems obsolete before static centralized regulations are even finalized.
  > The speed of smart contracting and the associated DAO revisions will make regulations pertaining to morphing and evolving decentralized systems obsolete before static centralized regulations are finalized.
  Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

**2025**

- [5245185-020](https://wulfkaal.github.io/claims/5245185-020) [failure/argued] *(failure mode)* -- Expectations of enhanced regulatory oversight fail because the accelerating evolution of AI agents, which will soon dominate financial transactions, renders static legal frameworks obsolete.
  > The expectation of enhanced regulatory oversight fails to account for the accelerating evolution of AI agents, which will soon dominate financial transactions, rendering static legal frameworks obsolete.
  Wulf A. Kaal, How can we Best Monitor AI Agents (2025). SSRN: https://ssrn.com/abstract=5245185
- [5887242-002](https://wulfkaal.github.io/claims/5887242-002) [failure/argued] *(failure mode)* -- Static codification is fundamentally incompatible with the governance needs of exponentially evolving digital technologies.
  > Static codification is fundamentally incompatible with the governance needs of exponentially evolving digital technologies.
  Wulf A. Kaal, The UDLC DAO Operationalizing a Continuously Evolving Universal Digital Law Codex Through Weighted (2025). SSRN: https://ssrn.com/abstract=5887242

## 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/obsolescence.md | sha256sum

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