(PYS): Reputational Enforcement can be done privately through public forums. Should the mathematics of reputational enforcement be left to the government? Maybe after a certain number of bad transactions they could execute reputation protocols (punish, fine or banishment). Should the government be in such a position? What about arbitrating firms doing the job?
(PYS): Arbitrators, Escrow Agents and Private Enforcement Agencies are great for CyberSpace contracts but what about the Courts? Where do Courts fit in? Maybe they can be available for certain types of contracts. What Kind?
(PYS): Would it be worthwhile for ICAAN, or another trusted independent agency, to set up an online version of the Better Business Bureau? Such an organization could facilitate the reputational knowledge of online sellers by keeping track of complaints and also listing their real space identities (if the stores so desire to register). Consumers would be more willing to trust a seller who took the time to certify their identity. If they are not hiding behind an online identity they may be less likely to run off with consumers money without delivering their end of the bargain.
(PYS): Isn't private enforcement of online contracts even more difficult when the parties wish to remain anonymous? Because often, alternative dispute resolution such as arbitration works because the parties come together face to face and there is opportunity to negotiate.
(PYS): If a significant percentage of contract claims are settled privately or in arbitration, how will the courts deal with a lack of case precedent when a case is brought before the court?
(PYS): Participants in a system which relies heavily on reputation have an incentive to manipulate their reputation by requiring any settlements to be kept secret as part of the settlement terms. Will reputation systems really be accurate, or will they be manipulated by ìsecretî settlements and payoffs allowing anyone to have a clean reputation as long as they have a big enough wallet? Assuming we do not have a truly transparent society where no settlement could be kept secret or private.
LQ: Logan Quirk