The 500 BTC Blind Trust to Foster Bitcoin Adoption, Btrust, Announces First Steps

Eftir NewsBTC - fyrir 2 árum - Lestrartími: 4 mínútur
Miðvikudagur 12. janúar 2022 5:29

The 500 BTC Blind Trust to Foster Bitcoin Adoption, Btrust, Announces First Steps

It’s time for the Btrust to start making moves. And they did so by announcing their “to-do list” and “high level goals.” A month ago, Block CEO Jack Dorsey and rapper and entrepreneur Jay-Z announced the members of the board for their 500 BTC blind trust. Btrust’s purpose is to “make bitcoin the internet’s currency” and their field of action is Africa and India. 

Halló heimur

Við höfum unnið hörðum höndum að því að koma ₿traustinu á laggirnar. Til að byrja með höfum við skipt verkefnalistanum okkar upp í sett af hámarksmarkmiðum.

Hvert þessara verkefna krefst vandlegrar umhugsunar. Við munum biðja um endurgjöf frá samfélaginu um einstaka hluti á næstu vikum!

— btrustteam (@btrustteam) January 11, 2022

Said members of the board took charge and recently showed the world what they’ve been working on since they did so. “Each of these tasks require careful thought. We’ll be requesting feedback from the community on individual items in the weeks to come!,” Btrust said in its inaugural Twitter thread. Before going through those tasks, though, let’s remember who those members are. At the time, NewsBTC reported:

“The blind trust’s board members are: Ojoma Ochai, Obi Nwosu, Abubakar Nur Khalil, and Carla Kirk-Cohen, the only South African of the bunch. By just casually looking at their Twitter feeds it becomes obvious that they’re all thoroughly dedicated to Bitcoin nú þegar."

Related Reading | South African Man Loses $900,000 Worth Of Bitcoin Eftir að hafa eytt lyklum fyrir slysni

In a recent interview with Blockworks, 22-years old Abubakar Nur Khalil said:

„Það er mjög, mjög mikilvægt fyrir okkur að hafa það eins gagnsætt og mögulegt er,“ sagði hann. „Við munum miðla miklu um ferlið, hugsun okkar og það sem við ætlum að gera í gegnum Twitter.

Og svo gerðu þeir. Við skulum kanna hvernig það ferli lítur út og hvað Btrust mun vinna að á næstu mánuðum.

Eftir Bitcoin’s lead, the first thing the Btrust will do is to establish “Genesis Principles.” In other words, “Btrust’s vision will be laid out in an immutable set of principles.” Everybody involved in the organization will follow them, and there will be the option of using soft-forks and hard-forks to resolve disagreements or to accommodate different visions. 

There’s another caveat, “Boards are bound to act in accordance with the principles, but the implementation is their prerogative. This provides flexibility, while staying true to Btrust’s vision.” So far, so good. This all sounds very Bitcoiny.

2⃣ Implement Principles

Við munum útlista hvernig við ætlum að innleiða hverja meginregluna í starfi okkar.

Stjórnum er skylt að starfa í samræmi við meginreglurnar, en framkvæmdin er forréttindi þeirra.

Þetta veitir sveigjanleika á sama tíma og það er trúr sýn ₿trausts.

— btrustteam (@btrustteam) January 11, 2022

Næsta skref skiptir sköpum, „Eining og lögsagnarumdæmi. Undir hvaða lögsögu mun Btrust starfa? Hvaða tegund aðila munu þeir velja að vera? "Btrust krefst þess að formlegur aðili ráði starfsmenn, semji stjórnina og útvegi réttarkerfi til að draga fulltrúa ábyrga." 

Í tengslum við þetta sagði Nur Khalil við Blockworks:

“We’re looking at starting with Africa initially, but then gradually expanding into other regions in the global South,” Nur Khalil said. “So that’s places like India as well. And then in general, with regards to the overall vision, we feel there’s so many disparities in some of these regions like Africa in terms of the actual amount of talented developers versus those of them that are actually working on Bitcoin. "

This is a great opportunity to test out Bitcoin’s multisig superpowers. “We will work on a proposal outlining various custody solutions, with the end goal of safely taking custody of the 500 BTC.” Also, important for people out there looking for opportunities, Btrust will be hiring “a full time lead to manage daily operations.”

5⃣ Recruit a Lead

Once we’ve delivered 1⃣,2⃣ and 3⃣, we will be looking to hire a full time lead to manage daily operations of ₿trust.

This is one of the most important board responsibilities, and we’re looking forward to finding somebody to bring ₿tust's vision to life!

— btrustteam (@btrustteam) January 11, 2022

Last but not least, they’ll create some way of communicating with all of you. “We’re committed to building Btrust with input from the Bitcoin community. For now, we’ll be using twitter to communicate our progress, but it’s not scalable.” And they’ll raise funds to set up the organization. “We want to take our time to think about our approach to custody & company formation. This is a prerequisite for any investment. We’ll create a separate plan for how to cover any required set up funding.”

Tengdur lestur | Spiral BTC gefur út Lightning þróunarsett. Brúða Jack Dorsey kynnir það

Í tengslum við þetta sagði Nur Khalil við Blockworks:

„​Það sem við erum að reyna að hagræða fyrir er að reyna að gera hlutina smám saman því það er mikið og við munum ekki bara horfa á vistkerfið og henda bara fullt af peningum í það. Við verðum samt að vera nákvæm með hvaða áhrif það hefur.“

Great work so far, Btrust. We at NewsBTC are looking forward to covering your next steps and seeing what the future brings for the organization, Bitcoin, Africa, and India.

Upprunaleg uppspretta: NewsBTC