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

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* Flux Party legislators would be tranquil by members

* Voting “tokens” could be traded like bitcoins

* Founders contend deputy democracy outdated

* Australia’s Senate has story of electing border parties

(Adds couple to bitcoin explainer graphic)

By Matt Siegel

SYDNEY, Feb 17 A new Australian domestic party
is regulating a practical banking bitcoin as a indication to reinstate what
they contend is an old-fashioned domestic complement – representative
democracy – with a streamlined new nicely for a information

The Flux Party says a idea is to elect 6 senators. They
will introduce no policies and will not follow their consciences,
but will support or retard legislation during a instruction of their
members, who can barter or trade their votes on each check online.

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

Australia is set to reason an choosing in Sep or October
after a duration of misunderstanding that brought 5 primary ministers in
as many years.

At a same

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