From: The Cunctator Thursday, December 04, 2003 3:25 PM
From: Jimmy Wales Arbitration -- people who are volunteering to get involved in arbitrating user disputes, with the results of the arbitration being formally binding in the sense that it is at least possible for the arbitration committee to vote to ban someone or take some lesser action to enforce their decision
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Sounds fine to me.
I should amend, of course, except that I'm more than a bit skeeved out by the whole development of institutionalized hierarchies.