Justice in a Hyperbitcoinised World with Aaron Daniel - WBD678
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 30 June 2023
⏱️ 90 minutes
🧾️ Download transcript
Summary
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.
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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.
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Transcript
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| 0:00.0 | There's this concept of like, oh, well, because you're still in society, you're implicitly agreeing to the contract. |
| 0:06.4 | 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. |
| 0:15.0 | Hello, hello, hello, how are you all? |
| 0:18.0 | You're good. |
| 0:19.0 | How's your weekend looking? |
| 0:20.0 | I'm off two seat guns and ros of tonight. |
| 0:22.0 | It's about 30 years since the first time I saw them, |
| 0:24.6 | which was the first concert I ever went to, and I'm going with two lads I went to that concert |
| 0:28.6 | with 30 years ago. We will be jumping around like idiots with our arms wrapped around each other singing songs like idiots as ever. |
| 0:36.5 | Oh let me tell you something very short noticed if you're in Nashville if you're in Tennessee |
| 0:41.6 | we've arranged a last minute what Bitcoin did live. We've got |
| 0:44.3 | Preston Pish, Matt O'Dell for a live podcast. It's going to be on July the 11th |
| 0:48.8 | at Bitcoin Park, which me and Danny have become members of. So please do come |
| 0:52.0 | and join us for that. |
| 0:53.0 | Tickets are available on what Bitcoin did.com just click on w w bd live |
| 0:57.4 | anyway welcome to the what Bitcoin did podcast which is brought to you by Iris |
| 1:00.8 | Energy the largest nazdak listed Bitcoin miner using 100% renewable energy. |
| 1:05.6 | I'm your host Peter McCormack and today I've got Aaron Daniel back on the show. |
| 1:09.6 | Now I first spoke to Aaron about a year ago. That's a cracking show. |
| 1:12.8 | And I've been meaning to get him back on for a while. |
| 1:15.6 | And so while we're out of Miami, we made it happen. |
| 1:18.0 | So if you haven't checked out that previous show, |
... |
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