https://cdn.nostrcheck.me/42681b7984765fff7f56df0bbd29a4e9120438ce5d2d981ae7d1ab70787bcaee.pdf
Discussion
bitcoin fiscal protocol
1. system architecture overview
2. spending-only TAX flow
key principle:
NO income recorded.
NO salary, no revenue, no identity-based taxation.
only spending events create fiscal entries
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:
Bitcoin Fiscal Protocol ( BFP )
NO ideology
NO hierarchy
just protocol mechanism
a minimal decentralized framework for spend-based voluntary contributions
1. introduction
2. system model overview
3. contributions: spending-only fiscal model
BFP records only spending, not income.
each spend event triggers a contribution:
users may increase their contribution above 10% at will.
this model ensures:
simplicity
predictable contribution dynamics
privacy ( income is never tracked )
voluntary compliance
universal applicability across systems
4. contribution flow
each entry contains:
5. Fiscal Execution Log ( FEL )
the FEL is an append-only similar in structure to a hash-chained ledger.
properties:
. retroactive modification invalidates all subsequent hash states
. multiple FELs may exist across institutions
. verification is possible without revealing sensitive details
6. Anchoring to Bitcoin
at defined intervals:
diagram:
anchoring provides:
tamper-evidence
global verifiability
shared auditability
long-term integrity
anchoring is the only interaction with Bitcoin
7. Bitcoin Bank: Global Contribution Pool
all contributions flow into a pooled treasury:
properties:
stored in Bitcoin
balances publicly visible
No single-actor control
governed by rules + multi-signature approvals
auditability ensured through anchoring
Bitcoin Bank is not an institution, it is a protocol-defined treasury mechanism.
8. global allocation voting
allocations occur through transparent global voting
voting is:
reputation-weighted
verifiable
logged in FEL
deterministic in allocation rules
BFP does not assign political authority.
it assigns rule-defined influence through transparent mechanisms.
9. governance model
BFP uses:
multi-signature approval
rule-based execution
periodic anchoring
transparent log structures
No central authority exists.
any organization may adopt BFP voluntarily.
rules govern behavior—not individuals.
10. security considerations
hash-linked log structure prevents retroactive tampering
Bitcoin anchoring provides immutability
multi-signature approvals prevent unilateral changes
optional zero-knowledge proofs maintain privacy
protocol does not itself hold private keys for user funds
no modification to Bitcoin consensus
security depends on:
the integrity of the FEL
anchoring regularity
multi-signature governance
11. applications
BFP can be adopted by:
global NGOs
DAOs
charitable institutions
fintech platforms
cross-border project funding
cooperatives
voluntary global public-good systems
its contribution model and transparency mechanisms are universal.
12. relationship to bitcoin
BFP is not a fork or extension of Bitcoin.
it does not change issuance, consensus or monetary policy.
it uses Bitcoin solely as:
an immutable timestamp
a state-hash commitment layer
a globally verifiable integrity mechanism
Bitcoin remains the monetary layer.
BFP provides a fiscal layer.
13. conclusion
Bitcoin established a decentralized monetary foundation.
the Bitcoin Fiscal Protocol extends this clarity to fiscal processes by providing a minimal, deterministic, spending-based contribution model anchored to Bitcoin’s security.
the protocol introduces:
voluntary 10%+ spending contributions
an append-only fiscal log
Bitcoin anchoring for integrity
a global pooled treasury
transparent allocation voting.
the result is a simple, auditable fiscal mechanism compatible with any voluntary institution worldwide.
