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For example: either party to this contract submit a signed request for arbitration within the escrow period of this contacts then 1) a panel of 3 arbiters fro
by tdaltonc 10y ago
For example:
either party to this contract submit a signed request for arbitration within the escrow period of this contacts then
1) a panel of 3 arbiters from the New Atlantis Common Law Arbitration Group will be selected at random.
2) 50-ETH will be set aside for court fees.
3) The panel can execute any 1 of 5 events by submitting 2 of 3 signed tokens. If the panel cannot arrive at a consensus, one token will execute at random.
Many competing standard arbitration packages will develop.
- TheSpiceIsLife 10y agoIf the panel cannot arrive at a consensus, one token will execute at random. Hang on, this isn't the casino. Contracts don't usually have a 'random outcome' clause, do they? I think we better take this to the courts.
- sandworm101 10y ago>> Contracts don't usually have a 'random outcome' clause, do they? Like in a betting shop? When I lay my chip on "red" then I am entering into a contract with the casino. A random event can be a term in a contract, but you are correct in stating that in the case of a dispute we do not allow a coin flip on the "who is right" question.
- tdaltonc 10y agoWhether the random number is pulled before the hearing (picking just 1 judge instead of 3) or after (by picking one vote token at random) seems the same to me.
- TheSpiceIsLife 10y agoMaybe I'm missing what you're getting out? It seems like you're suggesting dispute resolution should have a "fuck it, let's flip a coin" option?
- tdaltonc 10y agoI'm saying that it kind of already does. Judges are picked for a case partially at random.