funds are not controlled by a government or nation
they are governed by rules + signature + global voting
funds are not controlled by a government or nation
they are governed by rules + signature + global voting
7. global voting mechanism
users vote on allocations priorities

voting is:
. global
. reputation-weighted
( participation + verification, not wealth )
. transparent
. logged in the FEL
voting produces budget weights, not execution power.
8. End-to-End protocol diagram

compact version:
