SolidCoin Constitution

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DRAFT

These beliefs are core to the way the software is designed, and will come to inform the objectives of the Coin Protection/Promotion/Provision Fund. <--- can we reach consensus with one of these names?


Solidcoin must offer freedom from external controls

  • I should have the ability to carry out transactions to whomever I choose with absolute privacy. All people have the right to trade, whether their world view coincides with that of Visa and Paypal or not.
  • We do not believe the rich should have a disproportionate amount of power, as most of the rich inherited their wealth.
  • The very rich should pay a subsidy to contribute some of their wealth back to the people.



I want a payment service I can trust

  • Trade should be easy, fast and secure
  • The CPF uses the funds earned from mining in a reasonable and responsible way. The fund is only to be used for expenses directly relating to the SolidCoin project and its users.
  • The SolidCoin software should be proven, reliable and auditable.
  • Responsible disclosure on security issues and exploits requested
  • Commitment to support software, feature requests and security issues



I am responsible for my own keys and passwords. There are no Chargebacks.

  • Secret keys associated with solidcoin transactions belong to the person that owns the wallet.
  • Loss of keys is equivalent to loss of cash
  • All trades and sends/payments are final. No reversal of transactions



Rewrite Me

  • The economy essentially a peer to peer network of exchange of local currency
    • Cryptocurrency and Economic theories employed should represent best practice be correct mathematically.
    • Money should be liquid and and work for all parties
  • We like mathematics
  • Cryptocurrencies are the future of economies
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