Quote from: New_Frontier on May 16, 2013, 03:46:30 PM

I like this idea, although I'm still a little confused by it. Is this like setting up a quasi mutual fund that we all invest in? How would we be protected from theft & what not? This sounds like setting up a Corp. in EVE and then some guy runs off with all the money..lol. I'm interested though..

It's more like an international trade union than a Corp. It's groups of Corps who agree to a common interest in defending Bitcoin politicially and financially by forming a sort of union of Corps, but a syndicate is not just built of Corps, it's individuals, it's all kinds of entities in a syndicate. A syndicate is probably the best kind of organization for a community to form to defend an economic interest.

If we all agree we'd like to see the price of Bitcoins go high and be stable then we can agree to take action to do that if it's coordinated. This means in the future volatility can be controlled through increasing sophisticated levels of organization and coordination. At the same the political agenda could be based around the common interest the community syndicate agrees to, preventing the community from being divided politically.

We all want our Bitcoins to be worth as much as possible? We want Bitcoin to be a success? Whatever it is, we will need organization to protect it just like any other industry. Later on there can be lobbyists, political protection and support, etc. Investors generally share a common interest so an investment syndicate makes sense but I'm not a lawyer so if anyone here is they can come up with a legal organization to provide all sorts of services to make creating syndicates decentralized and easy by just using the right legal forms which should be freely distributed to anyone. At the same time lawyers will also be necessary to provide legal protection, what if people don't know their rights or what if in some countries people who use Bitcoins are oppressed?