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RE: Bitnation Pangea - Decentralized Blockchain Jurisdiction - Trust and Reputation - Smart Contracts - Legal Contracts
For someone who has just discovered about Pangea and PAT Tokens. Is there a guide for total dummies? Even after reading their site and watching their videos, I’m still not sure about the use of this. Is there an example of possible use case?
The whitepaper has the real details. It's quite a lot to take in, so we will provide some case use examples.
This system also comes with a form of arbitration, so there is a clear universal understanding of what actually happened in the literal execution of the digital contract.
This allows for the creation of court systems and other systems of law within the blockchain, effectivley creating a jurisdiction.
Forming a jurisdiction is an critical part of forming a country, which is the larger part of what Bitnation is here to do, facilitate the development of consensual based governance that takes proper care of all people.
Does that make more sense?
It clears up some points yes.
So basically, anyone can become a judge then? And the more successful cases you do, the more trusty you get?
When they say, create your own “nation” what do they mean?
Check the whitepaper for details on the implementation of the Arbitration system.
A digital nation is a group, a network, or a business that is choosing to see itself from the most empowered perspective. We prefer the terminology Decentralized Autonomous Organization(DAO), however, the same meaning of a DAO can be applied to "Digital Nation".