BITCOIN

Going Nuclear: Civil Justice System And The Bitcoin Dispute Resolution Paradigm

Conflict is part of human nature. Civilizations are defined by how they resolve disputes. Hamurabi’s code was notorious for its merciless application of “an eye for an eye.” Autocrats from King Solomon to James I meted out rough justice in royal courts, often arbitrarily, and with no opportunity for further review. And without even these harsh systems, individuals were left to fend for themselves, resorting to violence to resolve interpersonal conflict.

The rise of the civil justice system marked a welcomed turn toward fairness and peaceful rationality in dispute resolution. To be sure, this system is still backed by the sovereign’s monopoly on violence, but it provides for an amicable adjudication of claims based on evidence and argument given by all litigants, as well as judgments that are reviewable for error. Wrongs are remedied not through vengeance, but compensation. The civil justice system seeks to make the injured party whole. And it does this by shifting value from the liable party to the injured party through money judgments.



Traciwininger
Author: Traciwininger

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