# kaal:claim:2992962-036

**Claim.** 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.

**Type.** failure  **Support.** argued

**Holds when.**

- Ricardian contracts that attach a notary to every contract

**Source quote.**

> 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, page 53

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

**Verify.** sha256 of source PDF `80b92e67594394e38af41b769327936833de8e25d6cf3def966a6ba13bc83d17` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Calcaterra%20-%202017%20-%20Crypto%20Transaction%20Dispute%20Resolution.pdf

**Failure mode.** notary-layer-transaction-costs  (family: compliance-cost-and-barrier-to-entry)

**Topics.** economics

**Keywords.** transaction-costs, ricardian-contracts, openbazaar, intermediation

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