Political Party Envisions How Blockchain Could Enable Brexit Revote
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....
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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....
Front National, a political party in France, is taking a rather aggressive stance towards virtual currency. It is up to the Front National party in France; Bitcoin should be banned immediately. The political party sees any form of virtual money as a serious threat, and they want to protect the “real economy” in the country first and foremost. Bitcoin has been attracting a lot of attention from governments and politicians around the world. However, except Russia, hardly any country wants to ban Bitcoin altogether. Most central banks have issued a warning about getting involved in assets....
Hammond was a UK Conservative MP for 22 years until a Brexit-fuelled uprising left him and others omitted from the party two years ago. Former Chancellor of the Exchequer in the United Kingdom, Lord Philip Hammond, has joined cryptocurrency custodial group Copper as a senior advisor with the ambition of “promoting the UK as a Global leader in digital asset technology.”The London start-up firm, which provides custodial and infrastructure services in the digital asset sector, reportedly facilitates over $50 billion in transaction value per month for in excess of 400 institutional clients.....
A new Australian political party has proposed the introduction of a token-based political system based on the concept of decentralised blockchain technology. Called the Flux Party, the new entity has already attracted more than the 500 members it needs to potentially place senate candidates on ballots in all the country's states. However, the party's immediate goal is to try and elect six senators, according to Reuters. Notably, the Flux Party will be free of its own policies, instead opting for its senators to vote for or against legislation at the bidding of token holders. Party....
Should we depend on established political parties to defend the interest of Bitcoiners? Or is it time to form a new Bitcoin political party?