Crowdlock

A set of rules, free to copy

A way for a crowd to commit bitcoin to a cause, with nobody holding it.

Crowdlock is a method, written down in a handful of short documents. Each person locks bitcoin in their own wallet. Nobody pools it, and nobody else can take it.

How it works

  1. You lock your own bitcoin

    It stays in your wallet until a date you choose. From that date it is yours to take home, and nobody can stop you.

  2. One public total

    Only locked bitcoin is counted. Anyone can add it up again from the blockchain and get the same number.

  3. A purchase is funded, or it isn't

    There is no vote. Each person signs their own locked bitcoin into a published proposal, and a co-signer adds the second signature. The co-signer can refuse. It can never take money. If the proposal falls short, nothing moves.

What you get, and what you don't

The documents

The method is these six documents, not any piece of software. Each Crowdlock adds one of its own: a declaration saying what it is for.

All the documents, with versions

What has been checked, and what hasn't

Don't take our word for any of it. The code and its tests are public.

See one running

The Kop Fund is a Crowdlock. Supporters lock bitcoin towards buying a stake in Liverpool Football Club. It is run by supporters and is not affiliated with the club.

Visit thekopfund.org

Take it

Everything here is free to copy, for any club, any sport or any cause. Nobody needs permission, and nothing is owed if it works.

A Crowdlock is for a crowd that wants the thing itself, not a profit. Investments that pay returns have legal rules to follow, and Crowdlock follows none of them. That's not what it's for.

Read "Running your own"

There is an app for any Crowdlock. It is an early build that nobody outside the project has reviewed, and everything it does can also be done without it. About the app