kaal:claim:2992962-036

Because of the fees attached to its extra verification layer, the OpenBazaar dispute resolution mechanism creates substantial transaction costs that pure Ethereum based self executing smart contracts avoid.

Source quote, verbatim

Because of these fees, the OpeanBazaar dispute resolution mechanism creates substantial transaction costs that can be avoided by pure Ethereum-based self-executing smart contracts.

From

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017), 3. Limitations of Existing Solutions, p. 53
https://ssrn.com/abstract=2992962 · source PDF

Cite as

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962

Holds when

Ricardian contracts that attach a notary to every contract

Classification

failuresupport: arguedfailure: notary-layer-transaction-costsfamily: compliance-cost-and-barrier-to-entryeconomics

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