Bitcoin Px (Fork focused on Persons, remove institutions) #32897

issue davidtaubmann openend this issue on July 7, 2025
  1. davidtaubmann commented at 8:19 pm on July 7, 2025: none

    Please describe the feature you’d like to see added.

    In this new fork, only one wallet could be created for each physical persona, probably using a proof like the national identity number “NIN” (e.g.: US+SSN, MX+CURP, etc.), and getting sure it’s a living person (not yet registered as death).

    To be able to carry out transactions with institutions, this could be done, through decentralized exchanges (DEXs).

    To perform the fork migration, after the snapshot of the blockchain, the replication of the original bitcoins should be requested from the original Bitcoin wallet addressing the personal wallet in the new fork (Bitcoin Px). Institutional Bitcoins could be replicated in to a personal wallet, but this replication should have a maximum congruent limit (maybe 10 or 20 times the average wealth of a global citizen).

    Bitcoins that aren’t reclaimed under the replication period (maybe 3 months), should be nonexistent in the new blockchain, so they are available to be mined as fresh new Bitcoins.

    The problem this issue would deal with, is the current centralization of the available money under the control of a few institutions, giving them power over society. Leaving once again the power of the whole/conjunct (democracy) at the mercy of the power of a few (oligarchy).

    Now that the efficiency of Bitcoin has been accepted even by institutions, maybe it’s time to stop pandering those institutional whales, by creating an institution-proof Bitcoin replica, exclusively for physical persons. This could be a way to decentralize money in a second phase.

    Describe the solution you’d like

    As long as only humans are able to step inside this money platform, and institutions can be kept away, even through false human agents, this could work also as a worldwide equity platform.

    Describe any alternatives you’ve considered

    If the proof method chosen is NIN’s, for the citizens of countries without any trustful NIN system, a solution could be created in collaboration with other Bitcoin cycle agents (miners, nodes, etc).

    Biometrics, genome or blood could be an alternative to NIN’s, but would add a huge layer of complexity.

    I would disagree with any solution that involves invasive technology.

    Please leave any additional context

    I completely understand this would drastically remove the “anonymity” from Bitcoin, but it could be also a good thing for addressing iniquity and corruption (at least inside this blockchain).

  2. davidtaubmann added the label Feature on Jul 7, 2025
  3. pinheadmz commented at 8:22 pm on July 7, 2025: member
    This belongs on the Bitcoin dev mailing list or maybe delving Bitcoin, not the issue tracker for this software project.
  4. pinheadmz closed this on Jul 7, 2025

  5. bitcoin locked this on Jul 7, 2025
  6. fanquake removed the label Feature on Jul 7, 2025

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