a constitution should never be based on money.. it should just be as simple as
"your free to do whatever your biologically capable of, as long as it does no harm or loss to anyone else"
oversight should just be warning messages to get people to check their trust with the other party. if you start making rules. and become the administrator of them rules.. then you become accountable and trust me, unless u have 100,000 employee's to administer every rule broken and be the mediator between the parties.. it wont work.
the key point is to make everyone accountable for their own actions rather than having to rely on third parties.
The number you state, 100,000 employees, is very large. The entire congressional staff of both the United States Senate and House of Representatives is only about 10,000 employees. Also, do consider that $200 million has been spent on mining equipment for bitcoin. If that money had been spent on moderate arbitration stipends for 100,000 volunteers, it would have more than accounted for these stipends. Bitcoin has an admirable market capitalization of over $4 billion as a currency. But fiat money supplies such as the USD - which have no online public ledger - have a market cap that is over 3,000x higher. We hope to show that we can reach some of the usage cases that are inappropriate for the decentralized, irreversible bitcoin system having a fixed or slowly-inflating money supply and no central control.
To do so we do require trust and accountability, and sane policies in the best interests of the WIP ecosystem. Thank you for sharing your thoughts, Franky.
Best regards:
Chairman of the Federal Reserve of WIP