The Bitcoin Democracy Down Under: Vote Tokens to Disrupt Politics in Australia
The Flux Party of Australia suggests using a Bitcoin-based approach to save democracy from itself. The virtual tokens will be issued to distribute the will of their voters to their elected officials. Bitcoin Debut in Politics. The politics of Australia has been in turmoil for some time now. The country has seen five Prime Ministers in and out of the chair in the last 5 years. The Upper House has been deadlocked by a few senators that were elected with less than 1% of the vote, owing to the eccentric electoral system of Australia. For the Aussies, there couldn’t be a better time for a fresh....
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By using the concept of Bitcoin and blockchain technology, real democracy can be reinstated in the world of politics. The concept of Bitcoin and blockchain technology can be used as an example of how to revolutionize certain aspects of life. Politics are a very likely candidate, as the way we vote or create political parties needs to be revamped. The Flux Party in Australia is taking that principle to heart, as they are labeling themselves as the “Bitcoin of politics”. Quite a bold statement but their ideology holds particular merits that are worth exploring further. If The Flux Party has....
A new political party in Australia wants to replace the existing political system with a system that allows people to vote using bitcoin, according to Reuters. The Flux Party believes that voters can use bitcoin to grant votes on legislative proposals. It believes bitcoin will enable representative democracy in the information age. The party’s goal is to elect six senators who will not propose policies but will vote on legislation at the direction of their members, who will deliver votes on every bill online. “If they didn’t have to be senators, if they could just be software or robots....
Australia's Flux Party wants democracy to be more like technology. Built on the idea that cryptocurrency tokens riding on a blockchain network can act as a platform for online voting, the Flux Party is seeking to lower the hurdles for passing legislation, thereby helping governments better keep pace in today’s connected, fast-growing world. More broadly, though, the minor political party wants government to operate in a constant state of change, and to use blockchain technology to deliver on this goal. According to co-founder of the Flux Party Max Kaye, the main problem with politics is....
“As a contested election deepens a crisis of legitimacy, Bitcoin presents an alternative to the existing system of governance.” The post Bitcoin Responds To American Vote Of No Confidence In Electoral Politics appeared first on Bitcoin Magazine.
Max Kaye is an Aussie with a passion for Bitcoin. He is currently working to bring a novel political party, the Neutral Voting Bloc, into existence using the bitcoin blockchain turning it into a political party of the future. He occasionally writes in his free time on subjects within the union of computer science and economics. An aspiring social entrepreneur; Kaye seeks growth in culture and society over account balances, and looks forward to the novel opportunities afforded within a Bitcoin based economy, including exciting restructurings of society. Kaye describes the Neutral Voting....