Justice in a Hyperbitcoinised World with Aaron Daniel

 
 

Where to find the show

Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.

“There’s this concept of ‘because you’re still in society you’re implicitly agreeing to the contract’...but there’s no opt-out; but, what if you could opt-in to your preferred society, with your preferred rules, with your preferred justice system.”
— Aaron Daniel

SHOW DESCRIPTION

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.

- - - -

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.

TIMESTAMPS

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

 

SUPPORT THE SHOW

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

SPONSORS

 
 
 
 
 
 
 
 
 
 

SHOW NOTES

Connect with Aaron:

Mentioned in the interview:

Other Relevant WBD Podcasts:

PodcastPeter McCormack