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Honour bound to accept? Sounds like a bogus concept to me.

How about the honor of not engaging in violence?

Imagine your startup is unwelcome at VC events because you're considered a coward after declining a duel. Or if you're an employee, you're passed up for promotions on the same basis.

You can think it bogus all you want, but that is small comfort if there are concrete socially-enforced ramifications for declining a duel.

Do you know of an actual instance of this happening?

If it is bogus, we should be trying to eliminate socially-enforced ramifications that allow VCs to promote violence.

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