"Hydra" : A New Community Structure


#3

Impressive proposal, especially the measures about the Community participation will really help sending the project to another level.

Big plus the extra protection with the Guardian role.
The Veto superpower by a veteran member is necessary if we really want to be safe in the future, as this is a very open Community.


#4

Thank you Vandar for your proposal, it looks solid and I of course support it.

One thing I missed here is periodic/regular comprehensive reporting of VaultZ spending, how will this be managed?

Keep up with your great work!


#5

Awesome mechanism! Yes!
Very well prepared , good job!
May I suggest two things:: 1. In order to do not empty a subwallet in front of a price rise, we may consider to leave a minimum amount there. So after a rise it couéd worth more and can help our Community on a better way.
2. Sometimes one or more low- medium level spending can push the project faster, so we could let them first be spent and high level after.


#6

It’s great! Very smart things man! The power of community :wink:


#7

Great effort put into this proposal and I applaud that. Thank you. But, I am sorry to be the first to say no way to this proposal. It’s way too convoluted, complicated. In short order managing this will become a great headache because of all of the working parts and trying to keep tabs on all of it. And, who will be doing that while keeping personal feelings out of the way? Who has the best interests in this coin? Shouldn’t those be the ones who have some skin in the game? I think it comes back again for the need to have a mechanism for measuring longevity of activity and amount of BTCZ held by individuals (miners, HODLers) as these are the ones who are most Carefully concerned about how this VaultZ fund is spent and are the ones who support it and provide most to it. Would that mean some kind of “node” system needs established first? I am sorry but this proposal is currently subject to way too much personality manipulation. And the demonic name? Why not just stick with VaultZ? Thank you for taking the time to read this note.


#9

Thank you for feedback dear friend.
Please take in mind that

  1. all the old members of this coin are holders as well.

  2. nobody prohibits to any miner/ holder of the coin to actively participate for the expansion of the Community.
    In reality this proposal is targeting mainly to this by crediting a small percentage of the Community funds to Small subwallets for every day minor spendings by trusted Community members in several sectors.

  3. the rules about our voting system is something that is needed in order to secure that no intruders will take over the Community Funds with any manipulation of the voting procedure (with the FIVE elected Manager types and the Trusted Guardian ).

The name “Hydra” is not a demonic one, but a mythical one.
The meaning is that like a hydra , we can have many heads focusing on one common vision.

Thank you!


#10

Great idea, nice to see btcz evolving and not standing still.


#11

Thank you so much for inventing and developing various good ideas! I am not a programmer and not a marketer, but I constantly buy up BTCZ, mine and keep wallets open. Thank you for your activities, only BTC and BTCZ!


#12

Vandar, you have restated all of your original proposal without answering any of the concerns I raised. This proposal goes completely against the concept of BTCZ and BTC by establishing an organization of personalities to run it. “Trusted Guardian”? Who would want to be the “Trusted Guardian” and who would decide what is trust worthy but some folks picking and choosing who they like in blog or voting for someone who sounds good?. Imagine if BTCZ was being mined or sold only after you were “Trusted” by the “community”? A few who longed to be the Guardian I imagine would like that. Anyone who wants to control or spend someone else’s money is someone not to be trusted and I certainly don’t need a “Guardian” or a Federal Reserve or any other type of “authority” to decide how to spend my money or that of others… That is the whole point of BTC and BTCZ; decentralization, and this proposal is diametrically opposed to the concept of decentralization. In short, this proposal is a disaster waiting to happen like I warned in the original discussion about VaultZ and what strange things start happening to people when there is a pile of someone else’s money to be handled.


#13

The concept of decentralization is there.
With the btcz ,like with other cryptos as well , your money are simply using a network which is bank-independent where you don’t have to trust a “keeper” for your funds and with a decentralized procedure (PoW-mining or hybrid with some Masternodes as well in other occasions) , you are free to make transactions using this cryptocurrency network/ecosystem.

This is the main part and it is something that DOESN’T change.

The personalized part which you are mentioning , has to do with the VAULTZ management which is a necessary mechanism for the expansion of the use cases of the aforementioned MAIN part.
Without more use cases and a rich btcz ecosystem , the usage of our cryptocurrency network would have less and less meaning.

As everyone understands , this cannot be achieved with a chaotic situation with no Community funds for expansion or poor Community funds with only free-will donations (which is proven that doesn’t work) or no management.

The Hydra proposal is just setting some rules to have the maximum possible fair rules and the maximum safety at the same time with the management of the Community Funds.

Your personal funds are again free and decentralized with only YOU being the one who can use them.

The community funds and the frame of rules around them are subject to Community decisions and we all have to understand that this is done ONLY for more use cases and the expansion of the BTCZ ecosystem.


#14

Vandar, blockchain works because it is “trustless”. All are equal, all are welcome, no one is required to “trust” someone else with their money. But, now you say that there is chaos and a there must be a “trusted” mechanism, an organization on top of the “community” for the good of the community. You even give this person a title “Trusted Guardian” with authority over Every Decision regarding the VaultZ taxes (aka everyone’s money) among other things. And this Trusted Guardian will be the boss because a very small number of folks who are “trusted” get to vote. There is an awful lot of “trust” being handed out in this proposal to a very small number of people who get to spend the tax money raised by VaultZ. This doesn’t sound compatible in any way with a “trustless” blockchain like BTCZ. There is a fella down in Australia who is attempting this sort of business with Bitcoin currently.
I see there will be no time limits or term limits to The Trusted Guardian’s tenure so “he” or “she” or “it” (careful now because in California and elsewhere you can be fined for not using the correct pronoun and even jailed if you don’t pay the fine) can be there as long as he* wants or keeps getting voted in. That sounds like trouble (tyranny) waiting to happen. Is vote buying legal? If it isn’t legal, how will you know if someone is buying votes or not? Can contracts be awarded in exchange for votes and if not how will you know? What are the penalties and who enforces them? Are votes secret? You’re going to be spending a lot of VaultZ money. Is VaultZ paying taxes? And if so, to whom? Is your mythical multi-headed monster incorporated? And if it is, where will you incorporate it and who is going to pay the attorneys? Surely you will need to incorporate this monster because if you don’t then whoever the “Trusted Guardian” is will be open to lawsuit if someone doesn’t like a decision made. And when the various regulators come along to regulate and audit the books who will represent this monster at the audit or in court? What country will you incorporate in and will the taxes owed be paid? Sounds like there is going to need taxes raised to cover some unforeseen expenses. And how does all of this sit with the White Paper? I don’t see anything like this mentioned in the White Paper so the whole “Hydra” thing is potentially a violation of the White Paper and you are creating an organization out of nothing to sit atop and spend the BTCZ blockchain taxes because you feel a need to bring order to a perceived “chaos” where there really is no chaos. Blockchain is the opposite of chaos. The organization you intend here will be subject to all the governmental rules and regulations any business is subject to because you have created something that requires someone’s hands on but you haven’t envisioned any of the pitfalls that come with such an organization or at least you haven’t provided for any of these eventualities in your proposal and none of the voters has asked any of these questions yet so I feel compelled to point them out… These things Must be addressed before launching this monster otherwise BTCZ could well find itself buried under all manner of legal problems that will bring it to a halt. Who did you say you will be paying the taxes to? Because you will have to report IRS1099s in the US and probably something like it in most every other country or state or province. If you don’t, the tax man will be soon at the Trusted Guardian’s door and if you incorporate I ask again where did you say you will incorporate? Who’s laws will govern this organization? Which state which province which country? Maybe this whole thing needs a little more thinking through. Is anyone still reading?
I see you expect to be buying some advertising. How will you know if the advertising works? Is there a mechanism to measure it’s success? And who do you intend to target with your advertising? And, something most voters probably haven’t thought too much about before voting “yes” on this proposal, as BTC climbs again in value will BTCZ climb also? And, if so why? Because of advertising? When BTCZ is worth fewer and fewer Satoshi because BTC continues to climb, will anyone see any sense in buying BTCZ no matter how much you advertise? This is not to denigrate our coin in any manner because I do see it having great value one day but expecting it to ever be worth more than 1 US penny may be asking too much and keeping pace with BTC is highly unlikely. Am I in some kind of speech violation here now because I brought up the price of BTCZ??
There is so much more that needs resolving, unanswered questions, regarding this proposal but I doubt many are still reading.
What VaultZ needs is a trustless, hands off mechanism that functions without someone’s hands on and it’s success or failure can be empirically measured, just like our beloved BTCZ is. “Hydra” is the opposite of that.


#15

Brilliant Ideas!
I can’t believe i’m here in the next Bitcoin Talk Forum in the future :grinning:
I trusted BitcoinZ will replace First Place of Bitcoin Position on Coinmarketcap, Trust me! :rocket:


#16

Wow this amazing it is almost as full blown whitepaper material here.


#17

Yeah, I agree with you. I hope BtcZ will go ahead on and on


#18

Btcz people are a Community , not a Corporation. They are free to gather a percentage that themselves have decided with a fair equal percentage for all (aka VaultZ).

Beside this , we are not a security as btcz doesn’t pay any interest rate.

So all those things about regulations and taxes you are describing , have no relation with the reality.

Even if the Community wishes to spend some funds for let’s say buying a Twitter promotion or some domain names, or anything else , any (vat) tax is paid with the transaction.

There is no taxing for VaultZ , it is not a FIAT personal income. It is a Community fund raised by all the Community members and it is planned to be used for the expansion of BTCZ’s Ecosystem, again with decisions taken by our members.

The Hydra Proposal just sets a frame of rules in order to protect the project and maximize the Community funds’ usage.

The “chaos” which I have mentioned has nothing to do with the blockchain technology.
I have explained it in my previous message but obviously you refuse to accept the difference between the decentralized usage of a cryptocurrency network and the decisions about its expansion which have to be excecuted by some people (which in our case have to be elected and to have a trusted background).
You call this thing “centralization” and you are advocating the devil , trying to say what ?
That there should be no human factor in the Cryptocurrency projects?
I have to remind you that all the safety upgrades have been made by specific trusted (in quotes for you) people.
The new wallets and all the apps are designed by trusted people.
Even the coin has been launched , ( like the bitcoin itself) by someone.
If this (the minimum required human factor) is centralization for you , you have not understood what DEcentralization really is.

ALL those people , are working HARD for the DEcentralization , for the blockchain network which can make people to freely transact without the need to trust the other part of the payment or a bank.

Please clarify the things in your mind, you seem really confused .


#19

Again, Vandar, you do not address any of the issues I have raised because you cannot. And the foolish are cheering you and this pipe dream on. You are pretending that the real world has no interest in what you are proposing y shouting “community, community” to regulators that don’t care. YOU Are creating a business and setting it atop of the BTCZ blockchain. If you were paying attention to what is going on and knew anything of business and the regulation thereof then you would recognize how unprepared you are. You have made up a set of rules for what you think is a dandy way to run your business without ever considering that there is a world of regulations that pertain to the business you think you aren’t creating. I would never have come near this coin in October of 2017 if I had any inkling that this was the way it would go. Curious, who will you nominate to be the first “Trusted Guardian”? What are you going to do when Craig Wright claims patent rights to the name and blockchain that you are using? What? Reality will be setting in sooner than you think, then you get deal with a lawsuit you can’t handle and it will mean paying royalties you haven’t accounted for or possibly the destruction of this coin.
You are blindly making the bed you must sleep in and I tire of trying to show you the error of your ways so no reason for you to try respond further.


#20

All types of Socialism are voted into existence, HydraX is no different. It starts with a Trusted Few and a Guardian. It ends with Elites and a Dictator. Thats when the community doesn’t matter anymore. Thats when the few know what is best for the many. I agree with HarryArms.


#21

All types of Socialism are voted into existence, HydraX is no different. It starts with a Trusted Few and a Guardian. It ends with Elites and a Dictator. Thats when the community doesn’t matter anymore. Thats when the few know what is best for the many. I agree with HarryArms.
[/quote]


#22

As Vandar himself says “The Community Trusted Guardian can block a decision with his veto even if the voting procedure’s outcome was a clear “YES”.”
Put yourself in his hands and all will be well because he will know what is good for you.
And still no word on where this travesty will be incorporated.


#23

Seriously now ?

You ignored everything that has been analysed and explained and you are trying to present the veto power of the people who are Community’s choices for protecting the coin’s funds from external possible threats , as a bad useless dictator ?

If there weren’t some people, there would be no crypto , no btcz , no innovative ideas.
People are choosing everything and people are deciding if they wish to have this structure as well for our Community, with a 100% democratic procedure.

Please respect any outcome without trying to distort both Hydra’s structure description and purpose.

Thank you

PS : The voting procedure will be open for three whole weeks , because it is about a major change.

Everyone please vote what you think better for the coin. No hard feelings !