properties:
. retroactive modification invalidates all subsequent hash states
. multiple FELs may exist across institutions
. verification is possible without revealing sensitive details
Discussion
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.
