Sixth Public Draft of: Transparent Business Charter

December 14, 2013 at 3:24pm

[Updated: Two new sub-Sections to take into consideration the operating-expenses of the company and future appropriations.]

An up-to-date soft mirror here: http://pastebin.com/bwQ8vpGe

The following is a draft. (If you are short on time, skip down the the part where it says IMPORTANT PART STARTS HERE.)

The first draft was rambling. It had several grammatical mistakes (in one case, missing a "not" in a sentence). I just felt that it was important to get it out there. I don't care about being "right" because I'm not in academia.

Again, a vetted variant of this document (with the correct legalese) will be filed with the company on launch day, #12-16

Also, those tagged in this document are not representative of the group that already knows about this company and its efforts. That list is private to the team members.

To be clear S.03 is a reference to how you can bake-in "extra" data within the latest block (of the Bitcoin protocol) - S.03 is ineffectual, but the section itself makes a point, hopefully.

If you're interested:

It is encouraged that all feedback is sent via one of the following methods:

a PGP message of some kind (that strategy will not be executed for several days, more on that below),

Facebook messages (low/no-expectation of privacy),

a phone call,

There are some cool projects on every platform which (debatably) facilitate PGP in a user friendly way. such as: cryptocat -- those must too be vetted and are not a part of our initial communication strategy.

NOTE: to the lol-yers (and developers):

if your career is incompatible with the participation in this idea --> I understand. I have already spoken to lawyers who said as much.

Know that I will never use your name without your explicit consent, if you give a friendly opinion.

That's the deal.

Even idealistic lawyers require privacy. http://www.foxnews.com/tech/2013/08/20/popular-law-site-groklaw-closes-blog-citing-concern-over-nsa-spying/

NOTE:

To anyone who wishes to send an email via PGP (GnuGP, whatevs) -> just wait a few days -> my team and I are super busy but *especially* value your input.

Obviously, if you wish to contribute to Open Source development - your name will be public (more on Open source development in Section S.03).

We are setting up a secure station from scratch and don't want to rush its set-up. Every step we take is being documented and will be made public. Just hold-on and each member of the team will have their own public key. It will happen. Just be patient. We hear you, and you're the ones we really want to hear from.

We can wait if you can.

The company launches on #12-16. Nothing is being rushed.

The initial money made (before Jan 3rd is going to be distributed in a fashion not similar to the one in this Charter. This is a ForProfit venture.)

The javascript code for the website may only exist in a Github repo on day one. At this rate - the website on launch-day will be a static html/css document.

My job is to be as cautious as possible -- and leave as little room as possible for exploitation by the ridiculously smart and well paid engineers of GCHQ and NSA -- so there can exist a foundation that others can trust.

{For the NSA/GHCQ engineers that are reading this document, I wish for amnesty. You are there, but you should be here. The only way your bureaucracy will shrink is if there is a crisis in confidence from within the organization.

So, please quit your job. The community will forgive you and still pay you lot's of money for being smart. Know that I too have read Keith Alexander's talking points that he sent you home with. They are silly. Your organization is simply a tool of the Establishment. There are better ways to protect American and British peoples.

Even if the NSA/GHCQ survives: SIGINT has been promoted under false pretenses. And your leaders where likely chosen because they don't understand the political forces at play -- and they truly believe they are in the right.

Accept it, and move on.}

There will be other repositories which I will not be contributing to in any capacity - because I'm not a software engineer. I'm a generalist.

Pretty soon, a form of this document will exist in the SoS files of the state of Arkansas. It's not theoretical -- if it's wrong or illegal, I have access to the capital to fight the lawsuit.

I'm willing to be patient.

IMPORTANT PART STARTS HERE

Section S.00:

This Document shall be given the alias:

Transparent Business Charter 001, effective immediately.

Section S.01:

Effective Jan. 3rd, {notwithstanding any new amendments}

the following {statutes} in Section S.02.1 and Section S.02.2 and S.02.3 are to take effect:

Section S.02.1:

All Bitcoin monies received in (or transferred to) one of the wallets referenced at the bottom of this document as WalletZero[0], WalletOne[1], WalletTwo[2], or WalletThree[3] will be bound to the following {statutes} and are to be referred to (collectively) as the Wallets.

{Because of the nature of Bitcoin, all finances are automatically transparent.}

{To be absolutely clear in the language of this document as to its intent,} all statutes in this document are written to be in observance of the tax laws of the appropriate jurisdiction {in this case, Arkansas}.

After taxes have been normally accounted for,

The remaining Bitcoin funds are to be distributed to the following entities:

1. 20% Goes to Spencer Dailey {because I want to be rich, and this is a company, gtfo. may i remind everyone here: no one knows the actual business plan or product. so all of this basically is as close-to-altruism-as-you-can-get-without-actually being altruistic. sry for the horrible wording }

2. 20% Goes to the Electronic Frontier Foundation

3. 20% Goes to twit.tv

4. 15% Goes to Coffeescript.org

5. 20% Software Freedom Conservancy

6. 5% Goes to the University of Arkansas' Fund of Excellence.

{The Wallets:} {not actual addresses}

[0] - 46357edyhtyju6ygbury5465y6tygvjykuiukjygychtrydtfg

[1] - 46357edyhtyju6ygbury5465y6tygjkuyiukhjkknjhyrtfgbm

[2] - yu657j6ugyhjivujyrftuyuhjnhtjykuhjhymuykhjb hjyuyh

[3] - 976fivlgciydkytdkybliyggouyjhvljhvljvmjvkyluyfuyju

Donations to the company which are not in Bitcoin do not fall under the aforementioned statutes.

If any receiving-entity which has been mentioned in this Section does not have the facilities to accept Bitcoin at the time of dispersal - then they forfeit the right to receive said funds, and those unallocated funds are to be immediately re-allocated to Spencer Dailey. {Yay me!}

Section S.02.2:

The operating expenses of the company are to be withdrawn from the percentage of revenue allocated for Spencer Dailey.

If the operating expenses of [Redacted], LLC exceed the revenue dollars (of the percentage) allotted to Spencer Dailey, then each of the other funds' percentages will be reduced until the company has accounted for its expenses. {So I don't pay out of my own pocket.}

Section S.02.3:

Section S.02.1 of this document will be amended each financial quarter. {When the tools [Git/Blockchain/GnuGP/web-interface combined into one] allow for the practice, a Board of Stewardship - to be defined in this company's charter at the appropriate time - will have members appointed by Spencer Dailey, for a quarterly term, to determine the next quarter's appropriation of funds. Spencer Dailey will be one member of the Board of Stewardship.}

Section S.03:

In the spirit of the Blockchain/Public-Ledger, may this be seen as the 'designed-data' which has been baked into the public domain.

Are you getting it yet?

Let it be known in this document the following ineffectual declarations [0,1,2,3,4,5,6,7,8,9,10,11]:

0. Think big. (As you would have had to done with Bitcoin in 2009.)

1. This document is meant be aspirational and within the law.

2. As [a/a-group-of-many] software-developer[s]:

To contribute immediately to the business [Redacted], LLC -- please fork the repo found at this URI:

https://github.com/sdailey/[Redacted]-chest

It does not have anything to do with the possible (future) technologies associated with this idea (the idea meaning the Transparent Charter).

3. In the opinion of the sole Member of this company, as [a/a-group-of-many] of idealistic-attorney[s] who wish to keep the Internet Free should,

Donate your time to the Electronic Fronteir Foundation - or - Fight For the Future - or - the American Civil Liberties Union {on a case-by-case basis}.

There should be a separation of concerns in fighting for the future of the internet. This company is intended to remain lean.

4. This document is not dependent on technologies (Bitcoin, Git, PGP, etc.) to be transformative. (It's just a meme.)

That said: Bitcoin is a big deal for reasons that no one really sees yet. #12-16

5. Putting the aforementioned technologies (together) in a black box would allow you to make audits more efficient and effective.

That technology is optimistically 5-10 years out for companies that deal in dollars, and is 1-2 years out for companies that accept Bitcoin.

6. What do the following have in common?

Hospitals.

Lamar Odom.

Tony Blair && Gordon Brown.

That was just so you could go on a scavenger hunt. :P

7. A specific Ideology does not benefit from this idea. It's pro-(Honest)Business. I personally love the idea of Not For Profits because they don't pay taxes. It's just that some companies can abuse the system and attain an unfair advantage.

Trust me: I have talked to plenty of greedy-capitalists who hate that they are losing out because they are playing by the rules.

8. Decades of unfair advantages lead to big problems. (ex.: Healthcare) All of this is due to lack of competition. If you doubt this idea, talk to a doctor who has considered starting his own, private practice.

You will notice that the most expensive fields of medicine only get practiced in Hospitals. (This is why family care physicians often have their own clinics -- but surgeons rarely do.)

9. Nobody actually read Julian Assuange's theory of transparency in government. They focused on the laws that he may-or-may-not have broken.

If people have broken laws, it does not mean they are bad people.

It's called Civil Disobedience, and it's what solves the biggest problems.

10. This company is not hiring developers. We already have.

At this point, we are looking for developers who are interested in Open Source contributions on meaningful projects.

11. If you wish to speak to an expert on the Blockchain, I can put you in touch with that person. I also have much smarter software developers looking into the fusion of the revision-history aspects of Git -- so that we can build a transparent financial planning tool that would eventually be plug-and-play for other businesses and have legally binding consequences for other Transparent Companies.

Addressing a reasonable concern: businesses that use the aforementioned financial planning tool would not have to move their money into-and-out-of Bitcoin again. A trust-worthy and public API would have to be implemented so that the banks could handle the finances of said companies.

Nowhere have I said that Bitcoin has to replace the Dollar. I believe that Ron Paul was incorrect in his estimation. Furthermore, that would be a future which I would hate to see.

But, for the sake of argument, if you want to play out what would happen if confidence was lost in the Dollar -- Bitcoin plays an important role. Without Bitcoin - the prices of other commodities (Oil, Pork Bellies, Orange Juice, etc) would rise more quickly.

For that reason - I believe Bitcoin is a lifeline -- a way for other currencies to compete with the USD without harming the quality of life of Americans or the citizens of the world.

I also believe Alan Greenspan is incorrect: Bitcoin does have intrinsic value --> it's just that no one has realized its potential.

Greenspan was right in the anecdotal sense (at the time) when he said it was a bubble. But he was right for the wrong reasons, and the fact that the price of Bitcoin dropped has led many to incorrectly think that Greenspan's guess was based on a critical review--he even said that he wasn't very certain of anything.

Next:

Bitcoin is not going anywhere (technologically speaking). Many governments are scared of it, but they should embrace it. They can't crush it now - without investing billions in mining equipment.

China intentionally allows people to participate in it -- because to say they can't would mean that they would call their (the Central Bank's) bluff--which would lead to a loss of credibility.

Now...

If you went to an Ivy League school, great! That means you learned something! That doesn't make you interesting.

If you want a quick-schooling in how the world really works --> take the time to read the "Powerbroker."

Remember that:

Even MIT was complicit in the death of Aaron Swartz.

Aaron Swartz recommended the "Powerbroker."

Smart != Ethical

Get over yourself, and Git interested.