Constitution of the Bitcoin Only Party (BoP)

1. Preamble

The Bitcoin Only Party (BoP) exists to restore sovereignty, integrity, and accountability to the citizens of Australia through the adoption of Bitcoin — a decentralized, incorruptible monetary protocol.

We reject fiat coercion, surveillance economics, and political intermediaries. We believe finality is freedom, multisig is democracy, and verification is trust.

2. Name

The name of the party is: Bitcoin Only Party (BoP)

3. Objectives

Promote public understanding and adoption of Bitcoin as sound money.
Replace fiat-dependent services and policies with verifiable, decentralized alternatives.
Field candidates at the local, state, and federal levels to advocate for Bitcoin-native governance.
Eliminate financial censorship and state-imposed intermediaries.
Uphold radical transparency and immutability in all operations.

4. Membership

4.1. Eligibility

Must be at least 16 years old.
Must be an Australian citizen or permanent resident.
Must support the core principles of the BoP as outlined in the Preamble.

4.2. Rights

One member, one verifiable vote.
Propose policies, vote on resolutions, and participate in local BoP nodes.

4.3. Revocation

Membership may be revoked for:

Advocating fiat expansion, central banking, or surveillance finance.
Conduct that discredits the BoP or violates its verification-first principles.

4.4. Proof of Membership via Lightning Payment

To validate membership, a member may submit one of the following:

A bolt11 invoice string signed by a BoP node and matched by payment hash.
A payment_preimage proving successful payment to a BoP LNURL.
A PGP-signed message containing:
- the payment request,
- the preimage or payment hash,
- and the timestamp of the transaction.

These proofs must be submitted via Nostr DM to a Council Node, uploaded to a verifiable endpoint, or committed to a public IPFS hash index.

5. Governance Structure

5.1. Council of Nodes

The highest decision-making body is the Council of Nodes.

Each Node represents a local chapter and is authorized through verified multisig credentials.

5.2. Roles

Coordinator: Oversees operations and communications.
Treasurer: Manages the multisig treasury and Lightning channels.
Policy Verifier: Ensures proposals and activities are BDD-verified.
Tech Steward: Maintains infrastructure such as websites, relays, and nodes.

5.3. Elections and Terms

Elections held every 12 months using Bitcoin-signed ballots.
Term limits: 2 years maximum in any single role.
Resignations and removals must be recorded and timestamped publicly.

6. Decision-Making and Voting

All decisions require quorum: 51% of active Nodes.
Voting occurs via open cryptographic voting tools or public PGP-signed statements.
No anonymous or fiat-derived influence permitted.

7. Candidate Endorsement

Candidates must:

Publicly commit to the BoP Preamble.
Publish all campaign finances in satoshis.
Agree to smart contract-based milestone verification for campaign promises.
Be endorsed by at least 3 Council Nodes.

8. Finances

All treasury funds held in a 2-of-3 or 3-of-5 multisig Bitcoin wallet.
No fiat accounts permitted.
All donations and expenditures published to a public ledger (e.g., Nostr/IPFS).
Lightning-based payouts must include proof-of-work receipts.

9. Amendments to the Constitution

Any Node may propose an amendment.
Requires 66% Node consensus and public hash-linking to ratify.
Changes must be immutably published and timestamped.

10. Dissolution

Requires 90% Council consensus.
Remaining satoshis either burned or donated to open-source Bitcoin projects, as pre-defined in a verifiable spend script.

11. Verification Appendix

This Constitution must be:

Hosted via IPFS and verified by SHA-256 hash.
Referenced in all BoP node onboarding packages.
Updated only through signed commit histories.