This is one of the things I like most about bitcoin currency. It is freedom, not dependent on any organization or individual. It is not like other kinds of cash, bitcoin is a product of advanced technology and modern. The freedom of bitcoin can bring a new independent economy, we can self-sufficiency, self-employed making money for themselves without having to depend on anyone. Besides, it is an increasingly increased coherence between those who work freely and employers to both mutual benefits. In the future, people who work free and bitcoin will still continue developing and divide work in a positive way.
Absolutely correct, a huge number of the people who are using the bitcoin, because bitcoin give us a lot of freedom to invest it and do trading, playing gambling and other more ways where we want to use the bitcoins. Even we only buy it and not using it anywhere than also bitcoin give us profit. So that is superb for everyone who want earn from bitcoin, simply we buy it without any restrictions of any country.
yes no doubt about this that bitcoin is freedom. in fact we have the right to use bitcoin anywhere in the world without any hurdle. bitcoin is not under the supervision of any one and therefore we are free to use bitcoin according to our own wishes without any difficulties.
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, which describes itself as an autonomous “digital currency for the people,” is the launch of an “intelligent” blockchain proposal system. Powered by , a stand-alone tool for off-chain data storage, the system allows anyone in the community to submit a formal proposal for the evolution of the Decred platform. This proposal is time-stamped, versioned and permanently stored in an off-chain repository to promote transparency and eliminate the possibility of censorship.
“Decred is bitcoin as it should have been,” crypto investor Jon Creasy. According to Decred evangelists, bitcoin was conceived as a decentralized community project, but, today, it’s de-facto controlled by an oligarchy of top developers and miners and vulnerable to pressures from powerful external actors.
The Decred project wants to build a more open and progressive cryptocurrency with a system of community-based governance integrated into its blockchain.
“We are more committed than ever to a sustainable and fair system of governance,” said Jake Yocom-Piatt, Decred Project Lead. “For Decred, Politeia will provide an off-chain public record of proposals, comments on proposals, and stakeholder votes. Although Decred will be using Politeia in a public capacity, it can provide similar utility as a private unalterable store of data. Public and private use-cases include document and record storage, reputation and identity systems, and supply chains.”
The Decred team wants to create an ideal infrastructure for self-governance of a cryptocurrency. Politeia, named after a classical Greek term that can be translated as “system of government,” is an off-chain store of data, both versioned and time-stamped (in other words, “git plus timestamping”). While Politeia will initially be used in Decred’s proposal system, it has been developed as a generic tool that allows its users to create and maintain arbitrary data in a version-controlled and time-stamped environment.
Time stamps and proposal anchors
All proposals for the evolution of the Decred platform, initially formatted as text with markdown and PNG images, will be stored in Politeia with version control and time stamps anchored in the blockchain. Proposal anchors in the Decred blockchain include a transaction hash and a merkle path to indicate that a particular git commit hash existed before the time stamp on the next anchor in its repository.
“In addition to powering our proposal system, Politeia has been developed as a stand-alone tool that allows its users to create and maintain arbitrary data in a version-controlled and timestamped environment,” Yocom-Piatt told bitcoin Magazine. “Although it does depend on using a server for creating time stamps, Politeia does not require users to hold any decred, and we believe it has a wide array of potential applications, e.g. for records storage, identity systems, supply chains and other provenance-driven domains. Open sourcing this technology will bring the real-world utility that is necessary to attract a broad community of users.”
According to Yocom-Piatt, having cryptographically verifiable public records will give users of Politeia the assurance that their governance is being executed in a transparent fashion, with all records independently verifiable and stored in a format that is difficult to forge. “By making Decred’s governance data time-ordered in a verifiable fashion, we ensure that attempts to manipulate Decred’s governance, either from outside or within, will be much more difficult than when using a conventional website or similar,” notes Yocom-Piatt.
Any proposal submitted to Politeia that is censored can be publicly demonstrated as having been censored, creating accountability for the administrators of the proposal system and avoiding “one of the more insidious and common practices of modern social media sites, where data is silently censored.”
Comments on proposals, editing proposals and voting on proposals will be added to the Politeia platform.Decred is also announcing a competition for projects based on Politeia with winners to be announced at an event in Austin, Texas, on December 1, 2017. The prizes for 1st, 2nd and 3rd place will be the equivalent of $10,000, $5,000 and $2,000, respectively, paid in decred.
