UPDATE 1-Flux Party seeks to be the bitcoin of Australian politics

* Flux Party legislators would be controlled by members

* Voting “tokens” could be traded like bitcoins

* Founders say representative democracy outdated

* Australia’s Senate has history of electing fringe parties

(Adds link to bitcoin explainer graphic)

By Matt Siegel

SYDNEY, Feb 17 A new Australian political party
is using the virtual currency bitcoin as a model to replace what
they say is an outdated political system – representative
democracy – with a streamlined new polity for the information

The Flux Party says its goal is to elect six senators. They
will propose no policies and will not follow their consciences,
but will support or block legislation at the direction of their
members, who can swap or trade their votes on every bill online.

“If they didn’t have to be senators, if they could just be
software or robots they would be, because their only purpose is
to do what the people want them to do,” Flux Party co-founder
Max Kaye told Reuters in an interview.

Australia is set to hold an election in September or October
after a period of turmoil that brought five prime ministers in
as many years.

At the same

Read more ... source: TheBitcoinNews