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Justice in a Hyperbitcoinised World with Aaron Daniel

Peter McCormack

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Justice in a Hyperbitcoinised World with Aaron Daniel - WBD678 Peter McCormack

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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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00:01:44: Introductions, and Miami real estate
00:08:07: About Aaron
00:09:41: Building Bitcoin businesses and communities
00:17:20: Plebfi Hackathon
00:21:23: The Satoshi Papers, and cutting mangos!
00:32:10: Justice in a Hyperbitcoinised World
00:38:45: Systemic issues with the law
00:44:46: Broken incentive structure in the legal system
00:54:32: Civil arbitration in a hyperbitcoinised world
01:00:48: Opting in to a preferred society
01:03:06: Arbitration through Fedimint
01:19:06: Limitations of the proposed justice system
01:21:06: BitResolve decentralised adjudication system for FOSS
01:28:38: Final comments

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