A constitution is meant to be social glue. It's in writing and is "official". Eventually people start to almost worship it like a holy book; so I see merit in having our own. As mentioned previously, the first rule should be that changing the constitution requires a 75% supermajority, otherwise inflation is fixed. You get the best of both worlds this way: investor confidence and the ability to tackle both known unknowns and unknown unknowns.
Agree whole-heartedly.
Cap inflation and require a 75% majority to change it.
Huge boost to investor confidence, including my own.
A written and public constitution with a few simple and hard rules would be a novelty in the crypto space and may garner substantial publicity.
I would highly recommend modelling the language of the constitution on the Declaration of Independence.
Life, Liberty and the Pursuit of happiness.
Man would that resonate... freedom rising from the ashes of a corrupt and crushing system.
The 75% super-majority is also an excellent mechanism for establishing the ground rules while providing a robust mechanism for altering them.
The code is the constitution. Nothing more is needed.
Very true...
Perhaps what is needs is a plain-English summary of the main philosophies the code realizes and the basic framework of rules that will require a super-majority to alter.
I still like the DOI tie-in.
Perhaps a Declaration of Economic Independence?