kaal:position:2026-07-31-6325
Universal Basic Income in a Blockchain-Based Community Currency presents the following source proposition: Smart contracts enable the enforcement of token economy policies, which facilitate the experimentation of radically new economic models. This proposition is pertinent to Kaal's source-bound claim that Inexpensive open source smart contracts eliminate a major motivation for creating a firm under Coase's transaction cost theory, because they enable trustworthy transactions of any size with minimal transaction cost and high transaction security. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
economicssmart-contractshistorical-responsescholarly-literatureopenalex