The three Pillars of TrueRepublic

The three Pillars of TrueRepublic

Peter Cypher; p.cypher@protonmail.com

Transparency of will is a crucial requirement for the functioning of a constitutional republic in which the people are sovereign. MPs can only represent their party effectively if the will of the party members is known. In the past, it was difficult to identify the preferences of a group while protecting the privacy of the individual, but modern cryptography solves this problem. A political party that faithfully represents the wishes of its members without changing them is called a "proxy-party". Conceptually, this type of party functions like a proxy-server that transmits the will of its members directly and unchanged to parliament. A party like this is highly resistant to corruption due to the direct control exercised by its members.

TrueRepublic's Role:

Beyond serving as a store of value, programmable private money has the power to flatten hierarchies and streamline processes according to clear and transparent rules. The concept of TR wants to harness these aspects to enable transparent internal decision-making in organizations. It enables all groups within a political party to organize themselves and makes their will transparent. The three main pillars of TR are briefly outlined below:

1. CipherSpace

Secret ballots and evaluations are difficult to handle with conventional methods in groups that are spread across different locations. In TR, groups can organize themselves in "domains" and communicate remotely. Every group member is able to anonymously share ideas and rate the ideas of others. The collective opinion of the group is formed by aggregating individual results, which can then be transparently assessed using various methods, such as Systemic Consensing, to identify the optimal solution. The platform offers an encrypted environment, the so-called "cipher space", to secure the decision-making process. TR is designed as a complement rather than a substitute for an analog organization, intentionally avoiding the use of digital identity and focusing on safeguarding privacy by not storing any personal data.

Through TrueRepublic, group preferences are revealed without compromising the privacy of individual members.


2. Decentralization

The threat to freedom of expression also affects platforms owned by a single entity, as they can be manipulated or forced to censor content. TR is a user-owned, decentralized, and open-source platform, secured by blockchain technology. This fosters trust among users and ensures the platform's resistance to censorship and data manipulation.

Decentralized networks offer enhanced resilience and reliability, ensuring greater security against potential failures and manipulation.

3. Network Effect

Decentralization requires an economic framework to incentivize users to carry out network tasks. This is facilitated by a programmable cryptocurrency (coin). Beyond fundamental network functions, TR's 'PNYX' coin employs economic principles to eliminate the need for moderation, enhance content quality, and prevent spam. Each domain is equipped with a domain wallet that permits only rule-based payouts. The core economic principle is that members compensate their peers for evaluating their ideas. These mechanisms are referred to as "PayToPut" and "RateToEarn".

PNYX can be traded against other cryptocurrencies such as Bitcoin on an integrated, decentralized exchange. This allows political parties to reward active members, encouraging more participation.

1: The organization (political party) converts income into BTC. 2-3: BTC is exchanged at the decentralized exchange (DEX) for PNYX-Coin. 4: The organization funds its domain-wallet(s) to incentivize members for their evaluations. 5: Members earn PNYX by rating submitted ideas. They can then use their earned PNYX to pay for the evaluation of their own proposals or (6-7) they utilize the integrated DEX to swap PNYX for BTC (cash out) or purchase PNYX with BTC. PNYX's price is determined by supply and demand dynamics within the DEX. PNYX has further use-cases beyond the illustrated diagram, including Proof-of-Stake for securing the network, network fees to facilitate operations, store of value and P2P transactions.

TR could help parties to communicate directly with their members and enable ordinary members to exert influence. Since the number of coins is constant, the price of PNYX rises as demand grows along with the network's expansion. This benefits all users as it brings more attention to the TR platform and promotes a self-reinforcing network effect. This network effect has the power to connect different groups economically into a broad movement to fight corruption in the political landscape. It is also a use-case for cryptocurrencies and facilitates access to Bitcoin for ordinary citizens.

PNYX has the ability to interconnect various groups and organizations, thereby generating a self-sustaining network effect that fosters growth and value for all participants.

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