This is something i came up with while brainstorming how to solve the threat of over regulation, and the danger of having none in regards to the crypto space. This is my first draft and I'm certainly open to feed back. My only intention is to spark the ideas that may lead us to finding a balance of innovation and regulation. Protection and freedom. I know that we as a human race haven't had the best of luck answering this question but nevertheless, I'm throwing my hat in the ring. Enjoy.
We The people, Of all races, of all nations, and all members of humankind, In order to create a most Honest and Transparent system of governance, fair and true representation of all peoples and to maintain the freedom of ideas,
Do propose,
To create a new decentralized institution that may foster Innovation, Protection, Implementation, and the free Distribution thereof, for the space of Blockchain Technologies.
That this body must consist of All nations, by both a representative body of public interestes and a representative body of national interests, who each are given ONE vote, that they may not outweigh one another when they disagree.
That they are given, by our vote and voice, the responsibility of verifying the authenticity of new proposals for blockchain based currencies and tokens, the strength and security of the protocol and source code being proposed, assess the intent of such currency, that they may not be used to defraud users and investors, and to vote on the live implementation of the protocol.
These responsibilities are to be limited to prevent centralization, censorship, and suppression of ideas and innovation. To achieve these goals, these bodies must follow a a protocol of operation that must begin as follows,
All nations must facilitate the creation of a government committee to be custodian of its government vote. The committee may be governed by rules set forth by each nations government as they see fit, except where stated in this document as to restrict this body to not allow centralized control, censorship or undo hardship against any proposal. . This committee will cast ONE vote for the public portion of its nation.
The people of all nations must create a committee to be the custodian of its nation's public vote. The committee may be of any size agreed by the people of its nation. To comprise this body, members must first be elected to this committee by a 2/3 majority of its nations citizens. No member my have ever represented the government of ANY nation, or served in any government office, or under any government employment, nor may they be elected if any member of their immediate family has represented, served or been under employment of ANY government. The restrictions of this committee are to prevent centralization, censorship and suppression of ideas and innovation. This committee will cast ONE vote for the public portion of its nation.
The casting and counting of all votes must take place on a decentralized blockchain to provide security and transparency, and be accompanied by a "Report of Reasoning" for each vote. The blockchain used must be chosen through the voting system outlined in this document for approval. The vote for approving a proposal must take place no more than 90 days after proposal has been received by both custodians of each nations vote.
If governement and public votes, once cast, do not agree within a nation, a further vote of the nations citizens may be taken, and through a 2/3 majority vote, may reverse the government cast vote so that the people of each nation may not be restricted from releasing new innovations. In the event that a public veto is successful, both committee's of governmet and public, must wait a period of 90 days from veto vote to allow discussion and preparation or protocol changes to satisfy government concerns, if the proposing company wishes to make such changes, and after which, the changes must again be voted upon through the voting mechanism included in this document. If no changes are made in the 90 day period after veto is successful, then the vote of government committee is automatically cast in agreement with public vote. If the changes of the sum of all countries wishing to invoke a veto vote do not amount to a change in entire vote of all bodies, then no veto vote need take place.
A majority of 2/3 of all nations votes must be achieved to allow for the currency or token to begin public execution of protocol and public crowdfunding.
Each nation and each custodian committee of both government and public votes must also assist in the creation of a "Checkpoint" protocol. This protocol, by design, must help to identify, isolate, recover and return any funds that are stolen from any wallet, exchange or other fraudulent means of procurement. Claims of stolen funds that will be included through this "Checkpoint" will be approved by the nations justice system and then submitted to the committees for a vote, same as any other proposal, in order to ensure no fraudulent claims are made and passed through the "Checkpoint". Each wallet, exchange or other service seeking the approval of this collection of nations, through this charter, must agree to run this protocol once daily across all the funds they have contacted, and report on any fraudulent findings to its public and government body, isolate the funds in question for a period no longer than 30 days, and return any funds after recovery and verification of ownership.
This "Checkpoint" protocol must also check for any changes made to the protocols of approved blockchains, so that no blockchain may purposely defraud funds from its users. Any changes made must be reported to all bodies in this charter, and again follow the approval protocol outlined in this document. All steps involved should be taken with the purpose of ensuring safety and security of all users. Approval to changes must take no longer than 30 days to be submitted for a vote.
The public committee of each nation may receive its funding by means of fees charged to those applying for approval by this committee, and whose levels shall be set by the public committee through internal voting structure. The government committee may use the tax revenues collected and appropriated by its own governing body to fund its committee. No other funds may be accepted in order to prevent conflict if interest within any committee. Any funding remaining after operating costs may be applied through an internal vote of each committee. Funds may be used to fund support the public bodies of another nation to ensure they remain able to participate in these endeavors.
Any blockchain not applying for approval from these governing bodies, shall be governed by the local laws governing its base of operations or point of origination.
Each committee will review the actions of an opposite committee from a different nation of itself, to be changed every operating year, to ensure decentralized and unbiased oversight of each body.
Any changes to this document must be submitted to each body and follow the same process of approval as a submitted application, through the above described voting mechanisms.
Additional protocol layers that do not violate the base protocol which has been approved, may be governed by the blockchain custodian and its own governing mechanisms and community methods.
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