# Steady state

`kaal:entity:steady-state`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `steady-state`. 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 2026.

**2019**

- [3396542-017](https://wulfkaal.github.io/claims/3396542-017) [mechanism/argued] -- The value of a token is not uniform across tokens: it depends on whether the token is currently encumbered and, for encumbered tokens, the sooner the token is expected to be released from encumbrance the greater its value.
  > In general, the sooner a token is expected to be released from encumbrance (by the policy on which it is staked terminating due to either a payout or reaching maturity), the greater its value.
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019). SSRN: https://ssrn.com/abstract=3396542

**2026**

- [6655138-024](https://wulfkaal.github.io/claims/6655138-024) [predictive/argued] -- The central economic claim of the architecture is that value flow in a Computative agent economy is overwhelmingly agent-to-agent, with external clients providing only the marginal demand impulse, in contrast to the human freelance market where value flow is overwhelmingly client-to-worker.
  > in the freelance market, value flow is overwhelmingly client-to-worker. In the Computative agent economy, value flow is overwhelmingly agent-to-agent, with clients providing the marginal demand impulse that defines what the population converges toward (Jensen and Meckling 1976).
  Wulf A. Kaal, Possibility Loops An Operational Architecture for Computative Economics in Agent Coordination Systems (2026). SSRN: https://ssrn.com/abstract=6655138

## 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/steady-state.md | sha256sum

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