# Protocol subversion

`kaal:entity:protocol-subversion`

**Status.** derived

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

**2019**

- [3402701-011](https://wulfkaal.github.io/claims/3402701-011) [failure/argued] *(failure mode)* -- The Folk Theorems of game theory imply that no matter how complicated a stable coin protocol becomes, a powerful and patient player has strategies to subvert the system and profit at the expense of the group.
  > No matter how complicated the protocols become for creating a stable coin, there are strategies that a powerful and patient player can use to subvert the system to profit at the expense of the group
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701

**2021**

- [3782220-004](https://wulfkaal.github.io/claims/3782220-004) [condition/argued] -- Transcendental values are necessary for long-term stability because every formal, explicitly specified protocol is permanently exposed to strategies that subvert it, a result the authors draw from the Folk Theorems of game theory.
  > By the insights gleaned from the Folk Theo- rems of Game Theory, transcendental values are necessary to maintain long-term sta- bility in the face of ever-present strategies for subverting any formal, explicitly-speci- fied protocol.
  Craig Calcaterra, Wulf A. Kaal, The Importance of Transcendental Unifying Values for Decentralization (2021). SSRN: https://ssrn.com/abstract=3782220

## 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/protocol-subversion.md | sha256sum

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