David Friedman’s model for market-law involves defense agencies and arbitrators who mediate between those agencies. The system is stable as a repeated game, wherein the cost of fighting other agencies is higher than the cost of peaceful negotiation.
In the digital world, a ‘defense agency’ might look like a professional hacking group. This group would maintain a public identity and offer it’s services to clients that won their case in court. Occasionally groups fight each other, in epic Neuromancer-esque style.
Friedman’s theory uses social-norms (e.g. property rights) as the basis for efficient negotiation between agents. Therefore we might predict that a demonstrably neutral arbitration protocol could form the basis for this new market-based law.
Digital Rights Enforcement Agencies
Given a desire for digital rights in the face of Crypto-Anarchy, market-based polycentric law might yield a solution.
David Friedman’s model for market-law involves defense agencies and arbitrators who mediate between those agencies. The system is stable as a repeated game, wherein the cost of fighting other agencies is higher than the cost of peaceful negotiation.
In the digital world, a ‘defense agency’ might look like a professional hacking group. This group would maintain a public identity and offer it’s services to clients that won their case in court. Occasionally groups fight each other, in epic Neuromancer-esque style.
Friedman’s theory uses social-norms (e.g. property rights) as the basis for efficient negotiation between agents. Therefore we might predict that a demonstrably neutral arbitration protocol could form the basis for this new market-based law.