Not only do we propose a decentralized and transparent authority to resolve disputes (bring back the middleman) but also connect Communities and thus actively contribute to accelerate blockchain mass adaption.
What is decentralized in this thing?
As long as they are nominated by somebody the whole decentralization is gone.
The arbitrators have to meet certain criteria, including fluency in English and minimum education level, and complete an apprenticeship training process, in which they are mentored by a more experienced arbitrator, before being allowed to rule on a dispute in their own right. Currently, there are six arbitrators who have been cleared to arbitrate mostly complex cases, which are then executed by EOS block-producers (BPs).
As for all of them, I love the fact that you have to pay (and in some cases a lot) to open an arbitration...
So basically, the one that can't afford it cause all his money is gone can say goodbye to justice and the one that has thousands of coins(tokens) and wallets at his disposal can stay pretty calm as he has a good chance that he will be the one ruling the dispute.
Two minutes spent on 4chain and then imagining of those guys posting there deciding in matters that can influence in a serious way someone's finances or life is one scary future!!!!!