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0 pointstdaltonc9y ago0 comments

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.

0 comments

TheSpiceIsLife9y ago

If 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.

sandworm1019y 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.

tdaltoncOP9y ago

Whether 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.

TheSpiceIsLife9y ago

Maybe 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?

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0 pointstdaltonc9y ago0 comments

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.

0 comments

TheSpiceIsLife9y ago

If 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.

sandworm1019y ago

>> Contracts don't usually have a 'random outcome' clause, do they?

tdaltoncOP9y ago

Whether 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.

TheSpiceIsLife9y ago

Maybe 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?

1 more reply

j / k navigate · click thread line to collapse