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Latest post Fri, Feb 12 2010 12:31 AM by aerocabin. 18 replies.
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  • Thu, Feb 11 2010 5:30 AM In reply to

    • rpellow
    • Top 50 Contributor
    • Joined on Sat, Nov 15 2008
    • Melbourne, Florida
    • Posts 1,143

    Re: Starting a DRO - Practical Considerations

    Fivemileshigh:

    aerocabin:

    You don't think it starts with a global reputation system?

    I don't see how you can start with that. Would you get everybody in the world to sign up and have their reputation registered or recorded? How could you convince everybody to sign up? The global reputation system seems like something that would be an end result, something to come in later stages. In the beginning, only participants in a transaction would have their reputations assessed by other transaction participants, and as a result of those transactions.

    I think you're correct. I think the best option is to piggy back off of the current credit system, while simultaneously starting your own reputation system that will hopefully be better, and end up being used more.

    altme:

     

    Would you plan to initially hire a lawyer or will you be looking at writing the contracts yourself? 

     

    I think you could get away without hiring a lawyer, but maybe someone who has worked with one, or is good at writing contracts, i know there are lots of clerical type positions that end up with more experience writing contracts than the actual lawyers, and will work for less. Initially you might even be able to outsource the formal contract writing itself to another company.

  • Thu, Feb 11 2010 5:53 AM In reply to

    • altme
    • Not Ranked
    • Joined on Mon, Jul 6 2009
    • Perth, Western Australia
    • Posts 29
    • Philosopher King

    Re: Starting a DRO - Practical Considerations

    So to recap, you need;

    • Marketing
    • Reputation system
    • Contracts
    • Investigation system / moderator (judge)
    • And access to a debt collection agency

     

    Am I missing anything? 


     

  • Thu, Feb 11 2010 6:53 AM In reply to

    Re: Starting a DRO - Practical Considerations

    I would prefer to not use a lawyer that was trained to use the coersion based state justice system for 2 reasons: 1. they may not be able to make the leap to the voluntarist framework, and 2. the contracts should be in plain english. I see the contracts of the future as shining examples of clear wording.

    The key missing ingredient is neither of what altme said, as those would fall into place more or less on their own, I think I need to figure out what aspect of life to get involved with, or rather what aspect of life is more immediately suitable to a voluntary dispute resolution system. eBay should be a practical example, I'd like to expand on that.

    The basic mechanism is, 2 parties conduct a trade, at the end they rate each other through the DRO. This is essential to establishing trust, users trust the opinions of all the other users (i.e. the feedback rating of the counterparty) not necessarily eBay's opinion of a particular trader. eBay's job is to assure the integrity of the feedback mechanism. I noticed recently that ebay started insuring trades, i.e. they offer a guarantee to the purchaser. They are thus becoming a defacto insurance agency, using the user's feedback rating from others as a guide whether thay can insure the trade. Note this is a late development in the game, as ebay has been around for a while. They are also becoming a defacto DRO in their area of activity.

    The question is, what else can this model be applied to right now?

     

  • Fri, Feb 12 2010 12:31 AM In reply to

    • aerocabin
    • Top 500 Contributor
    • Joined on Mon, Sep 15 2008
    • Calgary, AB, Canada
    • Posts 89
    • Silver Donator

    Re: Starting a DRO - Practical Considerations

    Fivemileshigh:

    I don't see how you can start with that. Would you get everybody in the world to sign up and have their reputation registered or recorded? How could you convince everybody to sign up? The global reputation system seems like something that would be an end result, something to come in later stages. In the beginning, only participants in a transaction would have their reputations assessed by other transaction participants, and as a result of those transactions.

     

    It wouldn't be global initially. You start by having complainants name defendants of crimes, resolved or unresolved. It's basically a website where people can warn others about criminal characters. The website then publishes the criminals in search engines. An example: http://www.seanbanerjee.com/ This guy pissed off so many people that they dedicated a website to him. If you google his name, "Sean Banerjee is a SCAMMER" is the first result. The goal is to make the site a resource and have it go viral.

    We're almost talking about the same thing. You want to record trade and transactions. I want to record crimes and accusations of crimes. You can call it feedback or reputation, they're essentially the same thing. With your example both parties would be giving feedback about the transaction. With mine, most likely only the complainants would be giving feedback, at least initially. The defendant who wishes to remove negative reputation would then be forced to sign up and resolve the accusation with the complainant. I can think of half a dozen people I would like to warn others about publically, mostly for unresolved crimes. Even though I don't think these people will ever pay for their crimes, it's important that it be made known to the public. Because it doesn't require both parties, a complainant can even name a statist who was directly responsible for a crime against the complainant. We all know there are a huge number of statists who are never held accountable for their crimes. The definitions of crimes on the reputation site don't have to be the same as what the state defines them as.

    Fivemileshigh:
    The question is, what else can this model be applied to right now?

    You would have to build the feedback system, then market the idea to places that conduct trade. Make another eBay, but free to use (one that generates money from advertising alone), then implement your feedback system (I know making another popular auction site is a tall order). A problem with eBay is that their users are virtually anonymous to the public. Unless you make a transaction with someone, there's no way to identify them because they hide behind fictitious names.

    You could also import all publically made court records as a source for reputation or negative transactions. It would be a lot of work, but there could be a lot of good information.

    altme:

     

    Am I missing anything? 

    If you're talking about DROs in general, they also provide insurance and defense/security services. On the topic of insurance, I've wondered if there are types of insurance that aren't being offered today that could be feasible, the kinds that DROs offer in theory. Like insurance against the state, global warming, pollution, traffic tickets.....

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