# Token value

`kaal:entity:token-value`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `token-value`. 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

3 claims across 3 works, 2018 to 2021.

**2018**

- [3125822-026](https://wulfkaal.github.io/claims/3125822-026) [mechanism/argued] -- The token economy is inflationary at equilibrium, and this inflation is a feature rather than a defect because it improves security and discourages rent seeking holding of reputation.
  > The conclusion is that the economy is inflationary at equilibrium, which improves its security and discourages rent-seeking.
  Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018). SSRN: https://ssrn.com/abstract=3125822
- [3128900-029](https://wulfkaal.github.io/claims/3128900-029) [mechanism/argued] -- Sharing all work fees with the expertise creates a positive feedback loop: the more fees flow to the platform, the more reputation is worth, and the more workers prefer reputation tokens to one time fees.
  > Choosing to enforce a protocol where all fees are shared with the expertise creates a successful positive feedback loop: The more fees are sent to the platform, the more the reputation is worth; which means the reputation tokens will be more desirable to workers than one-time fees.
  Wulf A. Kaal, Decentralized Mechanical Turk Through Verified Reputation (2018). SSRN: https://ssrn.com/abstract=3128900

**2021**

- [3782210-017](https://wulfkaal.github.io/claims/3782210-017) [design/argued] -- All fees should be shared with the entire network of reputation holders in proportion to their holdings, because this reputational salary is what makes reputation tokens valuable and future-oriented.
  > All fees should be shared with the entire net- work of reputation holders relative to their holdings. This is the key to making reputa- tion tokens valuable and future-oriented.
  Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782210

## 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/token-value.md | sha256sum

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