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Offline ak

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[ SNAPSHOT: 8/21 ] VOTE
« on: August 01, 2014, 11:08:15 PM »

Announcing the VOTE DAC (SNAPSHOT DATE: 8-21-14)

In democratic societies throughout the world, elections are plagued with accusations of illegitimacy stemming from all sorts of issues, such as flawed registration processes, inconsistent voter ID laws, cases of widespread voter fraud, non-sensible restrictions, vulnerable voting machine technology, and a general lack of transparency.

We must acknowledge that the key issue that needs to be solved is the lack of transparency in government run elections, in the Unites States and across the globe. If we can properly address this singular issue, we’d essentially solve all the other problems that plague the industry and would have the opportunity to begin hosting accurate elections that result in an agreeable consensus.

With the 2016 U.S. Presidential and Congressional Elections right around the corner, it seems that the time has finally come to leverage the latest technology to develop a voting system that permits the hosting of secure and transparent elections with agreeable outcomes that makes efficient use of taxpayer money.

In today’s world, it is finally possible to host verified and transparent elections in an end-to-end voting system encoded within a Decentralized Autonomous Company (DAC). A voting DAC is the key to solving the transparency problem current electronic voting systems face today, as it provides a valuable service that allows people to vote in elections that are secure, transparent, and free from corruption.

In the near future, Follow My Vote will releasing the first voting DAC in history using the BitShares Toolkit for building DACs, which will be called the VOTE DAC. Development will happen in stages, with the first stage being the development of a proto-DAC, as it will be released with limited features. We will refer to the partial ownership of the VOTE DAC as a VOTE or VOTES, similar to how one would refer to owning shares of a traditional company. Launching initially as a proto-DAC will allow for the trading of VOTES while the remaining features are under development.

The VOTE allocation of Follow My Vote’s VOTE DAC will include 10 billion VOTES. Half (50%) of the VOTES (5 billion to be exact) will be allocated over time to delegates that will be responsible for maintaining the blockchain throughout the life of the company, starting with 50% allocated within the first year of operations and 50% of the remaining VOTES thereafter, year over year. The other 5 billion VOTES will be allocated up front to, among other things, cover the cost of the development of the DAC itself and marketing necessary to acquire its initial user base. The breakdown of the initial VOTE allocation will be as follows:

4.2.2) BitShares PTS: 1.5 billion VOTES

BitShares PTS, is a simple minable crypto-currency (similar to Bitcoin) that was created to allow people to advertise their interest in receiving free token samples in future DACs.  Per the BitShares social consensus, 30% of VOTES that are initially allocated will be distributed to those who have supported the BitShares industry by owning its BitShares PTS tokens.

Anybody who owns BitShares PTS on that snapshot date is given a proportional stake in the new DAC. Thus, those interested in supporting Follow My Vote should invest in BitShares PTS prior to the VOTE DAC snapshot date.

4.2.3) BitShares AGS: 1.5 billion VOTES

BitShares AGS is similar to BitShares PTS in that both were ways of volunteering to receive free promotional samples from the developers of new DACs. The difference is that BitShares AGS can no longer be bought or sold, as the owners are those whom contributed into an industry development fund while the industry was still in its infancy. Per the social consensus, 30% of VOTES that are initially allocated will be distributed to BitShares AGS owners in proportion to their ownership of AGS.

4.2.4) Follow My Vote: 1.5 billion VOTES

Follow My Vote will be spending a considerable amount of resources to develop the VOTE DAC and acquire new account holders upon its release. Thus, 30% of VOTES that are initially allocated will be distributed to Follow My Vote to cover these costs.

4.2.5) NuSpark: 50 million VOTES

NuSpark is a startup incubator in Blacksburg, VA, that has supported Follow My Vote in since their early stages of development by providing them with dedicated office space to conduct business operations. NuSpark will continue to support Follow My Vote by further educating the Blacksburg community and surrounding areas about cryptography and blockchain technology in an effort to encourage the use of the VOTE DAC. For their continued support, NuSpark will receive 1% of the initial allocation of VOTES.

4.2.6) Virginia Tech: 50 million VOTES

Virginia Tech is also located in Blacksburg, VA. Similar to NuSpark, Virginia Tech will be supporting Follow My Vote by further educating the Blacksburg community and surrounding areas (in addition to the Virginia Tech faculty and student body) about cryptography and blockchain technology in an effort to encourage the use of the VOTE DAC. For their support, Virginia Tech will receive 1% of the initial allocation of VOTES.

4.2.7) New River Valley: 400 million VOTES

Follow My Vote will be promoting the emergence of the cryptography and blockchain technology to the U.S. citizens living in New River Valley. Residents of Blacksburg, Christiansburg, and Roanoke, VA, will have an opportunity to claim VOTES during a series of promotions to encourage the use of the VOTE DAC. A total of 8% of VOTES that are initially allocated will be distributed in this way.

The official snapshot date of the VOTE DAC is August 21, 2014. Therefore, by holding BitShares PTS on the VOTE DAC snapshot date, you have an opportunity to get in on the ground floor and own an initial stake in the VOTE DAC.

The VOTE DAC is a game-changing technology that has the potential to become the voting platform of the future!

Seize this moment. The time is now.

Check Out Follow My Vote’s Whitepaper For More Info!
« Last Edit: August 04, 2014, 03:24:25 PM by adamkernest »

Offline taoljj

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #1 on: August 01, 2014, 11:42:13 PM »
 +5%
BTS      Witness: delegate.taoljj

Offline ssjpts

Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #2 on: August 02, 2014, 12:37:16 AM »
NICE
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Offline planetlife

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #3 on: August 02, 2014, 12:38:32 AM »
 :) :) :) :) :) :) +5%
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38PTSWarrior

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #4 on: August 02, 2014, 12:45:03 AM »
 +5%
i'm alive
have some ags 123
i'm happy makin money
i am the genesis
la la la la la

Offline gyhy

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #5 on: August 02, 2014, 01:20:52 AM »
 :D +5%

Offline yellowecho

Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #6 on: August 02, 2014, 01:25:10 AM »
Sounds great!  Definitely looking forward to what VOTE DAC brings to the table  8)
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Offline cgafeng

Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #7 on: August 02, 2014, 01:37:43 AM »
good news
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Offline arhag

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #8 on: August 02, 2014, 01:39:54 AM »
 +5%

A few comments on the whitepaper:
  • I think it should be made clear in the whitepaper that account verifiers not only need to verify the demographic credentials of a user's account, but they also need to make sure that the account belongs to a user that has not already been counted. The paper explicitly mentions how the DAC does not allow a single user account to request multiple ballots for a particular election and how this prevents voting more than once in an election. But that assumes that the user cannot create another account for which he gets its demographic credentials verified again. Thus, to actual prevent multiple votes in an election, each account verifier needs to keep track of all the human beings they already verified and make sure before verifying another account that an account does not belong to a person that they already verified.

  • It would be nice if the whitepaper went into a little bit of detail on how the zerocoin technology provides anonymity so that user's known accounts are not linked with their votes. I'm thinking metaphors not the actual cryptography/mathematics.

  • I think another point that can be added to the list of benefits is flexibility in voting method. As far as I see it the VOTE DAC blockchain and network should be agnostic to the actual contents of the ballot. Anyone going through the public vote record on the blockchain who understands the rules of the election can independently determine whether a particular ballot is malformed, voting for a nonexistent candidate, or otherwise not appropriate for inclusion in the election. This allows the clients to be updated to create and interpret any future format of a ballot desired. We could have plugins added to client for all kinds of voting methods (first-past-the-post, approval, instant runoff, reweighted range voting, etc.). In fact, in order to reduce blockchain bloat, I think it would make sense to just include the hash of the ballot on the blockchain and allow anonymous uploading of the contents of a ballot on some other server.

Offline dexinwong

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #9 on: August 02, 2014, 02:20:19 AM »
support  +5% +5%

Offline alt

Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #10 on: August 02, 2014, 04:50:27 AM »
 +5% +5% +5%
so exciting

Offline Ben Mason

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #11 on: August 02, 2014, 11:58:44 AM »
 +5% +5% this DAC send a shiver up my spine.....can you say 'game changer' five times fast?! ;D

Offline xeroc

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #12 on: August 02, 2014, 01:41:58 PM »
+5%
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline CLains

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #13 on: August 02, 2014, 02:11:02 PM »
Awesome!!  +5% +5%
« Last Edit: August 02, 2014, 03:17:15 PM by CLains »
Vote for BTS-2 witness: spectral (1.6.30)

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38PTSWarrior

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Re: [ SNAPSHOT: 8/21 ] VOTE
« Reply #14 on: August 02, 2014, 02:22:15 PM »
I'm still happy!  +5%

 

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