“You must have a means of an agreed-upon way… a third party to arbitrate, flip a coin… that’s the most common”
Tony Robbins Podcast Daily · Billion Dollar Life Lessons Part 2 | Tony Robbins Podcast
Play from 23:51
23:51
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What was described
Establish an agreed-upon protocol for resolving persistent disagreements (e.g., third-party arbitrator, coin flip, or pre-selected trusted friend)
Said nearby on the same subject
“The will can establish a trust, a testamentary trust, and it holds those assets for that beneficiary... income from assets... can qualify as accepted income for minors, taxed at normal adult rates”
“One of the advantages of arbitration is that it's much easier to enforce internationally an arbitral award than a judgment. Because we have a convention, the New York Convention, 1958. It's signed by 172 countries.”
“You can actually build protocols that are agent to agent… do not go through the tokenization tax… we built a whole bunch of protocols called latent space protocols.”
“We have one protocol. That's the Marmot protocol. We have five implementations in independent languages ... and then we have, I don't know, 10 plus different clients that by now speak the Marmot protocol”