The Bitcredit DAO
Built to operate without centralised control: a perpetual, independent organisation governed by its members, with a reward system that secures its long-term existence.
01 / WHY A DAO
No centralised control
The DAO is governed by its members and needs no permission from any nation state government. Rewards need no permissioned fiat bank accounts.
Contributions, not salaries
Code, content, education, introductions: approved contributions share the newly issued e‑IOU every quarter. There is no central entity that issues it.
Adherence is voluntary
The protocol is free open source software in the public domain. Nobody can be forced to follow a decision, anybody can fork it, just like Bitcoin.
02 / TWO KINDS OF PROPOSAL
Contribution proposals
Work delivered to the project. Existing holders vote on Votico, the open voting platform for BRC-20 tokens, and approved proposals share the quarterly issue.
Open VoticoStrategy proposals
e‑IOU holders decide strategic matters and policy. Strategic proposals are deliberated first on Kialo, an open platform for structured debates.
Open Kialo03 / UN-GOVERNANCE
The project uses methods for reaching high-quality strategic decisions efficiently, but subsequent adherence is voluntary. Participation is open, starting from the public GitHub. Statistically-representative voting keeps participation efficient and decision quality high: appropriately powered random samples of token holders vote privately, weighted by holdings.
Entry
Anyone submits a proposal via the project’s public Kanban on GitHub.
Triage
If three e‑IOU holders second the proposal in the comments, it can go to a vote.
Setup
A token holder creates a call for votes in the Bitcredit section of Votico.
Sampling
Votico automatically selects a random sample of e‑IOU holders for the vote.
Voting
Any member can debate before the sampled voters cast their vote. Voting is blinded.
Release
Rewards for approved proposals are released from the DAO reserve via multi-signature, sharing the quarterly issue.