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When looking at the whole binding arbitration fiasco, it doesn't seem like this system would work out too well for the average person.
by bcrosby95 5y ago
When looking at the whole binding arbitration fiasco, it doesn't seem like this system would work out too well for the average person.
- rdbell 5y agoIt's hard to imagine any system that would solve 100% of disputes accurately, but at least having a free market of reputation-based dispute resolution providers gives you more options and attempts to weed out corrupt justice. The thing I don't understand about all of the cryptocurrency negativity on HN is nobody's forcing anyone to use decentralized products, but the naysayers seem to insist that everyone needs to continue use existing centralized solutions even if they're not happy with them. What's so bad about letting the nerds LARP amongst themselves even if you don't want to participate?
- CryptoPunk 5y agoBinding arbitration is not perfect, but to deem it a failure based on a few melodramatic accounts of it producing unfair outcomes is premature. It's entirely possible it's the only thing that has prevented anti-discrimination lawyers from hollowing out corporate America with lawsuits https://richardhanania.substack.com/p/wokeness-as-saddam-statues-the-case https://richardhanania.substack.com/p/wokeness-as-saddam-sta...