Re:Vitalik Buterin is worried about crypto's future
by newswasboring on Monday March 21, 2022 @12:33PM
(#30756112)
To people in the know, is anyone working on algorithmic consensus for dispute resolution? (I understand the blockchain itself is a dispute resolution where each miner can disagree on the chain etc. but I think you know what I mean).
I am not even sure how it looks like but there are people smarter than me in the world.
Re:Vitalik Buterin is worried about crypto's future
by Sargos on Saturday March 26, 2022 @12:31AM
(#30809250)
What are you asking for sounds like a lot like Kleros (https://kleros.io/) which is a decentralized and scalable justice system providing for all kinds of dispute resolution and arbitration.
You will run into problems though (and Ethereum has had way more than a fair share of these) if people fuck up their code so that others can exploit the code with behavior that was not supposed to happen.
In the real world, you and the counterparty would meet with your lawyers at a courthouse and have a good chance of winning if your claim is solid. In the cryptocoin world, there are no such entities by design, and every error you make cannot ever be recovered.