In this tutorial we're going to cover how the Haveno DEX handles trade disputes, which can happen as, after all it's decentralised, and anonymous by default.
https://blog.nihilism.network/servers/haveno-arbitrator/index.html
feel free to let me know if i should improve something in this one :)
@nihilist @monero Consider the following situations:
- Bob and Arbitrator are colluding against Alice
- Bob and Arbitrator are the same person
I think this system needs a higher authority to function properly. And there's a simple non-technical solution to this problem. If you don't agree with Arbitrator's ruling, you make the case public and provide proofs. As a result, Arbitrator's reputation is destroyed.
Someone can even create a rating service similar to @kycnotme that will list arbitrators with good reputation
Could also have a system where multiple arbritrators separately decide on a case, say 3 arbitrators per dispute by default, and if there's a disagreement, more arbitrators decide until above x% of them agree on the resolution
yea but if all the arbitrators are corrupt on the network side, no matter how many you put on the arbitration the outcome wouldnt really change right ?
True, and any rewards to the arbitrators would be less and less if they get divided equally
Works for Tor. Its nearly impossible to get all 3 if the network is large enough.