key principle:
NO income recorded.
NO salary, no revenue, no identity-based taxation.
only spending events create fiscal entries
Discussion
3. voluntary contribution mechanism
this mirrors a “tip” model:
mandatory minimum, unlimited voluntary extension.
4. Fiscal Execution Log (FEL)
a hash-chained log similar to a lightweight blockchain ( off-chain )
every entry contains:
5. anchoring to bitcoin
every period ( e.g. every block / every hour )
ASCII diagram
this gives Bitcoin Bank global audit ability
6. Bitcoin Bank ( Global Fund )
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:
