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Original Paragraph:
A world of strong privacy requires some way of enforcing
agreements; how do you sue someone for breach of contract when you have no idea
who, what or where (s)he is? That and related problems lead us to a legal
technology in which legal rules are privately created and enforced by
reputational sanctions. It is an ancient technology, going back at least to the
privately enforced Lex Mercantoria from
which modern commercial law evolved.
But for most modern readers, including most lawyers and law professors, it will
be new.
Source: http://patrifriedman.com/prose-others/fi/commented/Future_Imperfect.html#A_world_of_strong_privacy_requires_some_way_of_enf
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[Tue Feb 8 12:54:35 EST 2005-38] Joe Nefflen (NOSPAMjoe_nefflen@charter.net.NOSPAM):
A good example of this in action are the rating schemes at sites like e-Bay. Potential sellers are tracked and rated by customers and this reputation goes a long way towards helping people adjust for risk in the transaction.
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