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

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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. 

Salut Lume

Am muncit din greu pentru a înființa încrederea ₿. Pentru început, ne-am împărțit lista de sarcini într-un set de obiective de nivel înalt.

Fiecare dintre aceste sarcini necesită o gândire atentă. Vom solicita feedback din partea comunității cu privire la articole individuale în săptămânile următoare!

— 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 already.”

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

„Este foarte, foarte important pentru noi să menținem cât mai transparent posibil”, a spus el. „Vom comunica foarte multe despre proces, gândirea noastră și lucrurile pe care le vom face, în primul rând prin Twitter.”

Și așa au făcut. Să explorăm cum arată acest proces și la ce va lucra Btrust în următoarele luni.

BTC price chart for 01/12/2022 on Coinbase | Source: BTC/USD on TradingView.com Btrust’s Guiding Principles And Jurisdiction

Urmărești: 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

Vom sublinia modul în care vom implementa fiecare dintre principiile în munca noastră.

Consiliile sunt obligate să acționeze în conformitate cu principiile, dar punerea în aplicare este apanajul lor.

Acest lucru oferă flexibilitate, rămânând în același timp fidel viziunii lui ₿trust.

— btrustteam (@btrustteam) January 11, 2022

Următorul pas este crucial, „Entitate și jurisdicție”. Sub ce jurisdicție va funcționa Btrust? Ce tip de entitate vor alege să fie? „Btrust cere o entitate formală care să angajeze angajați, să contracteze consiliul de administrație și să ofere un sistem juridic care să tragă la răspundere reprezentanții.” 

În legătură cu aceasta, Nur Khalil a spus 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. "

Custodia și comunicarea

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.”

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În legătură cu aceasta, Nur Khalil a spus Blockworks:

„Ceea ce încercăm să optimizăm este să încercăm să facem lucrurile treptat pentru că sunt multe și nu ne vom uita doar la ecosistem și doar vom arunca o grămadă de bani pe el. Încă trebuie să fim meticuloși în ceea ce privește impactul.”

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.

Imagine recomandată de EglantineUdry pe Pixabay | Grafice de la TradingView

Sursă originală: NewsBTC