Bitcoin Forum

**Governance:**

Establishment of policies or principles, and continuous monitoring of their proper implementation, usually by the members of the governing body of an organisation or through an automated process usually code, for technologies.

This includes the mechanisms required to balance the powers of the members or users within the technologies eco-system (with associated accountability), and their primary duty of enhancing the prosperity and viability of the organisation or technology.

We all know given the recent chain of events, that having one singular part of an ecosystem maintain a position which shows a clear economic conflict of interest, is fundamentally detrimental to the longevity of the model.

Given the opportunity, 99.9% of people will place their own economic needs above the collectives.

Please feel free to share your thoughts on how we can help rebuild a robust economic model, may I offer a few considerations:

* Automation
* Consistency
* Transparency / Open source
* Sustainability
* Principles on which a framework for the governance is founded
* Functionality
* Simplicity
* Decentralisation

Automation, Consistency, Transparency/Open Source, Sustainability, etc all of the above. These are ingredients of a good model thus all of these elements must be present to really make an ideal and perfect economic model. But such economic model could not exist in a society since what we need in a system is not to create a perfect economic model but to change the personality of every individual in the grass roots.

Transparency is the important aspect comparing with another choice. The goverment is from the people, by the people and to the people. Other aspects are to make an accomplished the complete ingredient to be the robust government.
The economic model will not or directly affecting the personality.

What if we created the system which encouraged the change in the individual persons.

* Education/Information/Knowledge

There's no opposing public opinion when the masses are convinced geocentrism is legitimate.

Many tragedies in history are enabled by public collective lack of knowledge.

The establishment relies on public lack of information and awareness to mislead people into supporting policies that are worst for them.

The media lying about Iraq having WMD's, claiming Osama Bin Laden and Saddam Hussein were forming an alliance to fool people worldwide into supporting a war in iraq is a classic example of how the establishment preys upon public lack of knowledge to mislead people into supporting bad policy.

That same precedent applies to a broad scale of topics. The media, schools, experts and even the pope routinely create misinformation campaigns to mislead people into supporting bad policy.

I agree with you completely. People will gravitate toward their own economic needs above or before the needs of the collective.

I believe in Capitalism. It offers everyone the opportunity to achieve economic success and when one person creates economic activity it usually generates economic opportunity for others. Business breeds business.

Obviously Capitalism isn't perfect, but it's not the capitalism part that's the problem. It's the people that are the problem. Some people are shitty. Some people lie. Some people cheat. Some people steal. For capitalism to be fair in the ability to provide the opportunity of economic pursuit for everyone, there needs to be:

(1) A judicial system to penalize those that lie, cheat, and steal, and

(2) Confidence from consumers to not buy products from people (ok, companies) that lie, cheat, and steal

People forget that if we don't buy from the bad companies those companies will go out of business and go away. The market rewards the winners, but only if consumers participate in that judgement.