Bitcoin beatdowns and decentralized dispute resolution

18-Feb-2020

Quick Take Scott v. State is a new Nevada Court of Appeals case that shows the potential perils of in-person bitcoin sale transactions with strangers. In addition to showing off-ramp risk in off-exchange transactions, the case provides an interesting gloss on the admissibility of machine created statements. The Court says that mapping data, because it’s a non-human machine statement, is not “hearsay” and was properly admissible  We also talk briefly about the Aragon project, which promises online blockchain dispute resolution but uses an evidence submission process that freely allows admission/use of subjective argumentation and hearsay, all treated as “evidence.” read more

Stephen Palley