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http://www.reddit.com/r/Bitcoin/comments/2r8oo7/politicoin_decentralised_direct_democracy_and/I'm happy to make a brief announcement on behalf of our small team regarding our plans for a new decentralised crypto-currency we are going to call Politicoin.
Having been enthralled at the possibilities of Bitcoin for over 2 years, it wasn't long before we started considering if it was possible to bring the decentralized community, consensus, and accessibility of the Blockchain into politics. Transparency, consensus and accessibility all seem like attributes we would like to see more of in politics or any governing body like a foundation or trust. Since that first thought 2 years ago, my distaste for the lies and hypocrisy in politics has only grown, and with it came the decision to at least attempt to create a tool to counter this blatant lack of representation.
By modifying the blockchain to store small packets of text, we plan create a decentralised archive of time stamped, attributable and contextualised plain-text and encrypted data. Whilst basic in concept, the public de-centralised cloud storage archive can be used to store content and commands to notarise website content where operators wish to eliminate accusations of bias and corruption, like politics and publishing.
To demonstrate the benefits of supporting Politicoin, we plan to build a politics focussed social media and crowdfunding platform, aimed at restoring credibility through accountability in politics and online publishing. We want to use scientific methodology and courtroom objectivity to transform compassionate informed consensus, into direct and tangible forces like professional lobbyists, and campaign sponsorship. Maybe even one day a party on a mandate written by the people for the people. Using the the blockchain to record and store everything from the user generated content to the actions of a moderator means our platform is not only monitored and evaluated for integrity by people of all persuasions with equal access to the blockchain, but cesored in an appropriate and accountable manner to optimise the end user experience and stop abuse. These users can maintain identities on the site and the Blockchain at large to take advantage of the audience, tips and reputation they may gain. By democratically electing moderators with a fixed tenure and evaluating decisions on an ongoing basis, users can be assured of the integrity of the system. Not only will they have the raw data and cryptographic evidence of foul play should there be any, they will have the motivation and possibly even reputation on Politicoin to start their own 'Blockchain reader'.
Exact plans for what kind of moderation parameters and smart conflict resolution incentives we will employ in the site are yet to be decided. It is hoped that by the time our white paper is released that we will have had the chance to use our basic 'proof of concept' website to discuss at length what the most objective way to approach this project would be.
Along with a small contribution of my own, discussions with private investors has netted a small amount of funding. Hopefully with this announcement we may be able to start a discussion regarding Crypto-currencies and politics in general, as based on it's failings and weaknesses it should definitely be the next focus of innovation.
We appreciate any feedback, thoughts or suggestions on the matter
The Politicoin team
(names, details and URL's coming soon)
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