Quote from: TheEmperor on November 06, 2013, 07:27:12 PM

Quote from: imfed on October 29, 2013, 07:26:39 PM

What do you think about founding a (or better more than one) Bitcoin Arbitration Court?

- An arbitration court is easy to incorporate (as a non-profit foundation) and you won't need a license to operate an arbitration court

- Thanks to the New York Convention (The Convention on the Recognition and Enforcement of Foreign Arbitral Awards) arbitral awards are recognized and enforceable in 146 countries.

- Arbitration courts are independent from any national legislation

International arbitration is an increasingly popular means of alternative dispute resolution for cross-border commercial transactions. The primary advantage of international arbitration over court litigation is enforceability: an international arbitration award is enforceable in most countries in the world. Other advantages of international arbitration include the ability to select a neutral forum to resolve disputes, that arbitration awards are final and not ordinarily subject to appeal, the ability to choose flexible procedures for the arbitration, and confidentiality.

I think this could be one of the biggest benefits to the current Bitcoin 'world'.

Enforcing said rulings however, may be a problem. This requires the access of personal information for starters, which currently a large portion of Bitcoin users do not want/like to do. Also, what sort of rulings would the Court make that could be enforceable worldwide? Would this mean that the Court then has to be open and co operative with Interpol, FBI et al?

Lastly, in keeping with the honesty and openness of the Bitcoin protocol as well as the community, it appears to me that confidentiality would not be able to be maintained with regards to each ruling?

These can be pre-negotiate items in a standard checklist.
Much of this can be enforced through the bitcoin protocol.
https://en.bitcoin.it/wiki/Contracts#Example_2:_Escrow_and_dispute_mediation

If your project releases an enhanced client that incorporates these, you have an easy win.