Wednesday, 20 October 2021

BU is voting on adopting the Bitcoin Mining Parliament (BMP) this week

The Bitcoin Mining Parliament (BMP) is a protocol and hashpower voting system, decentralized, on-chain, open-source, verifiable, easy to use, simple, extensible, voluntary, neutral and resistant to outside interference.

The BMP takes no sides in internal Bitcoin Cash disagreements. The BMP is a neutral protocol that works with on-chain data. It is as secure as the Bitcoin Cash blockchain.

The BMP is an on-chain Bitcoin Cash governance protocol that enables miners to coordinate their actions, and thus bring greater certainty to the BCH ecosystem. Miners, and any delegated agents, can talk and vote with their hashpower, simply extending the Nakamoto Consensus in a pre-consensus phase.

The BMP empowers the miners of the last 28 days of BCH blocks to make themselves heard, with a perfect signal to noise ratio. The BMP can serve as an important tool for Bitcoin Cash governance, reducing forking, infighting and disputes.

README

Miners can onboard with this information.

QUOTES

“The BMP gives miners an easy way to let their voice be heard." - Roger Ver

"I wish a 3-month miner vote could be conducted and completed (miners can use http://BMP.virtualpol.com to vote)." - Jiang Zhuoer

“We’re building a kind of money here. We need to be predictable. That’s why I like the BMP." - Majamalu

“We have to give the Bitcoin Mining Parliament a chance.” - Fernando Pelliccioni

“I think Javier is correct in how he structured the BMP, as one part of the three-stage model of governance." - Justin Bons

“The Bitcoin Mining Parliament is genius in its simplicity, and if embraced, means stakeholders get more involved." - Marc De Mesel

BU VOTE

BUIP 173: https://www.bitcoinunlimited.info/voting/

Voting results so far:

https://www.bitcoinunlimited.info/voting/render/proposal_vote_result/cfe028fef48a9428689c7546257956947a55866596a5c829cb8e6a8ac7373a60

MORE INFO

submitted by /u/georgedonnelly
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source https://www.reddit.com/r/btc/comments/qbhhxp/bu_is_voting_on_adopting_the_bitcoin_mining/

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