Justice in a Hyperbitcoinised World with Aaron Daniel - WBD678

Aaron Daniel is an Appellate attorney and author of The Bitcoin
Brief, a newsletter analysing Bitcoin’s effect on law and
society. In this interview, we discuss how justice in arbitration
can be applied in a Hyperbitcoinised World. We talk about
systemic issues with current legal systems, and how using Bitcoin
tools like Fedimint can enable arbitration to become
decentralised.


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Despite the limitations of our legal systems, at least there are
established bodies recognised as intermediaries for dispute
resolution, and methods for enforcing judgements on debtors.
Aaron Daniels, an attorney and Bitcoiner, has been examining what
happens in a hyperbitcoinised world that has circumvented
centralised authorities undertaking enforcement action.


Aaron has given serious consideration to the concept of anchoring
dispute resolution systems into Bitcoin. He is looking at the
tools being developed, such as Fedimint, and other systems using
escrow agents, arbitration panels and oracles. The emerging ideas
promise a new set of arbitration services that are transparent,
efficient, affordable, inclusive and localised.


This then turns the tables back on the current legal system and
focuses on its limitations. It is a system that has become
increasingly costly that reinforces societal inequalities. Lack
of access to justice based on cost is one of society's more
pernicious issues. It results in an asymmetric balance of power
in favour of those who have resources against those that don’t.
Further, it is a system based on archaic centralised rules that
don’t work for many communities.


So, we could be on the cusp of a new and evolving set of
arbitration services, linked to Bitcoin, that provide individuals
with a fair and transparent environment for dispute resolution.
And, it is a sign of a mature system that people are putting
serious time into working on these issues.


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