Bull Run Democracy, Revisited
In 2017, high-flying bitcoiners attempted to foment democracy in Venezuela by airdropping crypto and paper wallets. What did we learn from these experiments?
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Democracy is antithetical to the fundamentals of private property rights and, therefore, the functional, fair organization of society.
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....
Our democratic systems of today were designed hundreds of years ago, in a time when letters were drafted in quill and ink, and then sent hundreds of miles over horseback to be shared between individuals. Governing institutions required closed-door offices in order to handle and organize the massive number of documents required by their agencies. This data module made sense because it was the most efficient option afforded to that particular era. With the advent of the internet, the ability to share information has changed so fundamentally that it is hardly comparable to the methods used....
During the Oslo Freedom Forum, four international human rights activists considered Bitcoin’s role in enabling democracy.
What's the last thing you expect an entrepreneur from one of the most prominent multi billion-dollar banking families in the United States to say? Would it include bitcoin in any form? Many would suggest the digital currency would be a banker's worst nightmare, but Matthew Taylor Mellon II - presently the Chairman of the New York Republican Party's Finance Committee - seems to be quite the fan. In an interview with Forbes, the highly-successful business man suggested digital currency could be the future of democracy in some respects. "I feel like citizens are fed up with banksters," he....