You are viewing a single comment's thread from:
RE: Tokenika's take on sustainable EOS arbitration
Chicken and egg - which came first!?
Recap
Only arbitrators elected through a smart contract by the community have any mandate to operate.
Like EOS mainnet, ECAF was started by interim bootstrapping. Which is to say, it cannot rely on the chain to elect its arbitrators because it was there before the chain, so the chain could start up with the BPs fully protected by dispute resolution.
Now as we move forward, nobody's comfortable ... but the reality is that we have no referenda contract so we're a bit stuck.
This point we agree upon, and have stated this in our previous post regarding the freeze. Still we think it's extremely important to avoid any further bootstrapped rulings, and focus on setting up a sustainable version. Make-shift state of this does more harm than good, especially from the standpoint of future investors and businesses looking into using EOS for serious operations.