The article explores the concept of Bitcoin multisig arbitration and its potential as an autonomous legal order. Ortolani contends that the straightforward mechanics of the multisig protocol offer an alternative to traditional arbitration methods. By allowing anonymous transactions that circumvent national legal systems, Bitcoin users are able to engage in a new form of self-regulation. However, despite these ideals, the lack of privacy and empirical evidence raises questions about the autonomy and effectiveness of this legal framework in actual practice.
Ortolani argues that the Bitcoin multisig process offers a unique dispute resolution system without needing traditional legal frameworks, relying solely on its protocol's mechanics.
The Bitcoin system represents a rejection of state control over money, reflecting a self-regulating community similar to lex mercatoria, but lacks empirical support for its autonomy.
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