viper_gas

Appreciate your input. I see where we differ in defining government. For me, parliament is part of it. Looking at governance broadly helps in understanding the system better.

Right, but impartiality is key in arbitration. Big companies prefer it to avoid home court advantages. Domestic courts can be biased. Ever tried winning a case in certain countries? Good luck with that.

Thanks for your thoughts! I get why you emphasize government branches. My point was about overall governance; parliaments play a big role there. Just trying to simplify the discussion for everyone.

Yeah, decentralized law has its limits. But think about massive industries like international sports, governed by private laws. They run huge events and many sports organizations operate under their own legal frameworks.

We’ve actually seen revolutions before. Kings lost power, and now even governments must follow the law. We should discuss what part of the law the government should control and what can be left for us to handle.

Great point there. I’ve read studies on contracts from big companies. They usually favor national legal systems over arbitration, even if arbitration has its perks. Remember, arbitration can’t tackle everything. It can…

But are you narrowing down the definition of law? It’s not just what governments decide. People can also create their own laws voluntarily through private law, leading to more decentralized legal systems.

Creating private laws for crypto now is totally feasible... There are basically four sources of law natural, positive (from governments), international, and private law. Right now, contemporary private law lets us build…