Title: Bitcoin constitution? Post by: beatljuice on July 04, 2014, 04:18:45 PM I was reading the EBA Opinion on ‘virtual currencies’ (http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf) and it made me think of something that might be a good or bad idea. But I thought it might at least make for a cool discussion even if it's not workable. Please shoot these ideas down and/or improve on them.
What if we had guiding principles in place for the Bitcoin protocol? Preferably codded into the protocol - making it necessary to hard-fork for a change in this "constitution." Here are some possible principles that might be included:
You get the idea. Discus! Title: Re: Bitcoin constitution? Post by: kuzetsa on July 05, 2014, 09:19:51 PM Some of those ideas aren't bad, but I don't understand why this is in the "legal" sub-forum.
Title: Re: Bitcoin constitution? Post by: beatljuice on July 06, 2014, 04:47:05 PM Some of those ideas aren't bad, but I don't understand why this is in the "legal" sub-forum. <shrug> I wasn't sure where to put it, and a constitution is considered a legal document.
I question how good the minors being able to choose which blocks to mine and/or transactions to include is. On the surface, as a libertarian, I love the idea, but doesn't this affect fungibility to an extent? A few pennies don't mean much to us westerners, but can mean quite a bit to someone in Uganda. You might argue for something like a "no transaction goes more than 50 blocks without being confirmed no matter how much the minor's fee was," rule - but that starts to sound like the whole net-neutrality debate where the people willing to pay get the fast bandwidth. Title: Re: Bitcoin constitution? Post by: LostDutchman on July 07, 2014, 04:32:37 PM Just how much control over Bitcoin to you people want to give away?
Title: Re: Bitcoin constitution? Post by: beatljuice on July 07, 2014, 07:33:21 PM Just how much control over Bitcoin to you people want to give away? Want to explain what you're asking? I thought all my suggestions were helping keep Bitcoin free from control, and was hoping to hear other ideas, but I need a little more to chew on than a vague question. Title: Re: Bitcoin constitution? Post by: LostDutchman on July 08, 2014, 02:47:46 AM Just how much control over Bitcoin to you people want to give away? Want to explain what you're asking? I thought all my suggestions were helping keep Bitcoin free from control, and was hoping to hear other ideas, but I need a little more to chew on than a vague question. My point is that even creating such a document or service establishes a precedent that you don't want in place. |