3 ms·

- The adherents are international, and may prefer a standardized form of law accessible cheaply and easily to all I think this is undervalued, and probably goi

by ethbro 10y ago

- The adherents are international, and may prefer a standardized form of law accessible cheaply and easily to all I think this is undervalued, and probably going to become even more important in the future. Largely because it's something that the current legal framework simply doesn't provide. We have tenuous legal agreements between nation-states (largely of the "we choose to obey now because it's in our best interest" variety). And we have legal systems that apply in a single country. But we really don't have an ironclad anything in the ether (ha!) between those.

nickpsecurity 10y ago
More than you think. One of the selling points for why some organizations, especially financial or legal, advertise they are in specific countries is a strong, consistent enforcement of specific things like banking integrity, contract law, I.P. law, whatever. It's important enough to business sector that it's on the international ratings for what countries are best to do business in. Also, Switzerland makes a killing in the financial sector using this approach. So, picking the best jurisdiction for something like this plus getting all parties to agree to settle disputes according to its laws would be a positive step for such organizations. Knocks out a whole category of risk. These decentralized schemes often pretend they won't need lawyers but they exist in real world for good reasons. Best to know what they can or can't do in at least all the common, criminal situations.