Bitcoin Forum

The cost of litigation in the United States is completely out of control. Not only does litigation cost the tax payers, who have to pay for wasted court time, but it also costs businesses who have to overspend on insurance to protect their assets from litigation, which is passed on to the consumers, leaving taxpayers with a double bill.

http://www.ahametals.com/bitcoin-transform-the-courtroom/ (http://www.ahametals.com/bitcoin-transform-the-courtroom/)

Yes you are absolutely right about courts and the outrageous costs. I have personally spent probably $50k for a custody case. I ended up on top, but it literally cost me that much to prove that I should be the sole provider for my daughter. I wont go into it all, but if i just gave you the cliff notes you would say that it is a no brainer, but still the courts manage to drag it out to cost me more money.

(pun intended) but wasnt it because you 'ended up on top' 9 months before your child was born that got you into that trouble :D

now onto the serious part i want to make.

everyone is talking about smart contract can in the future... blah blah blah.. so show me not in description, but in an actual code on the blockchain a smart contract that could easily be shown to a lawyer or judge. i have sem months and months of posts about the theory.. so its time to see a live example

Hmm seems like a nice legal topic to talk about
And yes smart contracts could definitely lower costs in the court case :)

That could be an interesting discussion. If a contract dispute makes it to trial, it is likely not over whether or not one of the parties has signed a document, it is more likely that the dispute is over interpretation of the document. How can the blockchain add any value to this form of dispute resolution?

Related: The long reach of reason. (https://www.youtube.com/watch?v=uk7gKixqVNU).

There is also often a dispute about facts in litigation, for example if work performed was timely, and/or meet certain quality standards.

Really hoping that "smart contracts" will not only transform the courtroom but hopefully will seep into the current political election process as well.  No more rigged machines!

This is the real issue with most contracts. The dispute is rarely if both parties entered into a contract, but the dispute is more along the lines of how the terms of a contract should be interpreted

Right. What value could blockchain technology bring to this sort of dispute? I'm not seeing any.

No value to us but kickbacks to judges would become even more invisible using the BTC block chain hence no paper trail.