makeasnek, (edited )
@makeasnek@lemmy.ml avatar

The discussion portion wouldn’t happen over BTC, that’s just for funds management and voting. Discussion could happen on a forum, lemmy community, matrix chat, discord hangout, or other space. I suggest BTC because with smart contracts you can automate the voting process among stakeholders and make it so you don’t need to trust any single party to hold onto the money. It solves this exact problem of coordinating financial transactions with multiple people who can’t trust each other. It also solves the “how do we accept donations internationally easily” problem. Bitcoin has a market cap which places it in the top 25 countries by GDP, higher than Sweden. 850 billion dollars. On average, adoption and market cap grows year on on year. It may not be the USD, but it’s already more widely accepted than most national currencies.

Re: kivach, it’s not more widely used because many people don’t know about it, it’s using a lesser known cryptocurrency as a base, and people reflexively go “eew crypto” even though it’s perfect for solving these kinds of problems. Anytime you have a distributed decision-making process that needs to be international and you don’t want to trust a single party or parties to manage that system, crypto is good at solving that problem. Most people know it for solving that problem in the realm of currency production and decentralizing finance, but it has much broader implications in terms of anywhere you have distributed decision making. Note that kivach doesn’t have any kind of distributed decision making or voting, it’s basically just a smart contract bot that distributes coins based on github dependencies.

Bringing the state into this just brings us a bunch of problems and no solutions. For one, every state or block of states has different currency, and for every state whose population you want to participate, you have to some how bridge access to that state’s banking system and incorporate it into the system. And you can’t do it in a decentralized way, so you need some legal entity to be formed to handle all this and the staff to do all this. So that’s a nightmare. State-backed currencies can’t easily or cheaply be transmitted electronically across borders, and often, even within the same country. Or you have to use some third-party service like PayPal or Venmo to do this, which is its own set of complications. More nightmare. Plus, hello fees and making microtransactions prohibitively expensive. And that’s just moving funds from A to B, that’s not even getting into managing the voting system and navigating the laws every single country whose currency you use, each of which are going to have their own interpretation of whether or not your voting system is compliant with their legal system and whether or not they agree that funding a project like the Tor project is allowed. You may say you don’t care what Turkeys laws say, but if you want to maintain a bridge to their banking system, you have to. So that’s what incorporating the state and fiat system brings you. Or, you could write a smart contract once and have the administration of this system run automatically forever and be available to anyone in any country automatically. Running an international organization which receives funds, holds funds, votes on how to distribute those funds, distributes those funds is exactly the kind of thing blockchain excels at.

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