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Miners Empowerment Rules

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Avatar for JavierGonzalez
Written by   7
4 months ago (Last updated: 1 month ago)
Topics: Miners

This is a Rules proposal, to establish a stable Hashcracy Empowerment.
In order to execute the Whitepaper with precision, to avoid repeating past failures and lead Bitcoin to the global adoption, successfully and fast.

EXECUTIVE MINERS

  1. In Hashpower We Trust.

  2. Continuing the Bitcoin Genesis block.
    000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

  3. Respecting the Whitepaper of Satoshi Nakamoto.
    b1674191a88ec5cdd733e4240a81803105dc412d6c6708d53ab94fc248f4f553

  4. Miners are the executive power of Bitcoin, in short-term.

  5. Users are the absolute power, through markets, in long-term.

  6. Bitcoin blockchain is the Miners business.

  7. Miners must protect their long-term business.

  8. Present Miners will not introduce new problems to future Miners.

  9. Nobody can force the majority of hashpower to follow a specific block.

  10. Miners Empowerment must be coordinated by HASHCRACY.

HASHCRACY

  1. Any needed rules and incentives can be enforced with this consensus mechanism.

  2. Decisions are made by majority of hashpower.

  3. Seeking the maximum degree of consensus possible.

  4. Talking and voting with hashpower (with a tool like BMP).

  5. Miners can delegate percentages of hashpower in any address.

  6. Positions of responsibility can be designated and revoked with hashpower.

  7. Respecting your allies in public.

  8. Enforced with HASHWAR.

HASHWAR

  1. When diplomacy fails.

  2. Never in minority of hashpower.

  3. Accepting short-term losses in exchange of long-term benefit.

  4. Intentions announced anticipately in coinbase text.

  5. Protecting the Bitcoin blockchain 24/7.

  6. With empty blocks and reorg, if necessary.

  7. Without double-spends.

  8. Without coercion.

  9. Without SPLIT.

  10. Losing the ticker or split is a major defeat.

  11. Always forcefully, until victory.

NO SPLIT

  1. No more divisions in Bitcoin blockchain.

  2. Resolving conflicts by HASHCRACY.

  3. Enforced with HASHWAR.

  4. With empty blocks and reorg to prevent minority split.

PAY DEVS

  1. Bitcoin blockchain can be developed by professional engineers.

  2. Devs without conflicts of interest with Miners.

  3. Financed with _% of the Coinbase incentive of each block.

  4. Sub-quotas independently assigned for teams or individuals.

  5. Decision-making by HASHCRACY.

  6. On-chain transparency and delegation.

  7. Reorg of non-contributing blocks is legitimate.

UPDATE ENFORCED

  1. In Bitcoin, code obeys hashpower.

  2. The majority of hashpower can deploy any code.

  3. A new code repository can be announced in the Coinbase text.

  4. Enforced with HASHWAR.

  5. Without SPLIT.

Proposal by Javier González González.
[background, research, 2019-10-24]

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Avatar for JavierGonzalez
Written by   7
4 months ago (Last updated: 1 month ago)
Topics: Miners
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