Bitcoin’s Candidate: Rand Paul Accepting Crypto-Currency Contributions for Presidential Run

21stcenturywire.com...
Rand Paul has announced he is accepting Bitcoin contributions to his presidential campaign becoming the first presidential candidate in American history to do so. Crypto-candidate Rand Paul is set to rake-in a mountain of Bitcoins with this latest announcement. His connection to Bitcoin also places him in line with his father Ron Paul, who is known for aggressively suggesting the United States return to a gold standard and criticizing the Federal Reserve.

More importantly however, is the fact that Bitcoins can be donated anonymously, which takes the political tracking mechanism away from anyone who wants to know from what person or interest group that money has originated from.

If a foreign entity, or a George Soros-like character is able to pump millions in Bitcoins into the Paul campaign – causing ‘public outrage’ in the classic Hegelian dialectic fashion – then such a politically-charged scenario might – ironically – be used to demonize the concept of an independent Bitcoin.

Visitors to his website can contribute up to $100 in the crypto currency.

Isn't this the currency that funds the dark internet, where everything illegal is traded sick deprivation runs rampant?

He may as well set up his campaign headquarters at a brothel and hire a few pedos, how could he be so gullible to associate with something that is so easy to smear him with?

a reply to: TinfoilTP

Yes...

I feel the same way about bitcoin. Besides, anything that's just a bunch of numbers can potentially be manipulated like the current system is anyway, right?

a reply to: wasaka

Bitcoin is no more suspicious than cash which is legal at the $50-$100 level.

Usually such transactions occur along with an accompanying electronic trail such as a record in a campaign finance database (which is publicly posted monthly) or an email so they are theoretically more transparent than cash at a live event.

I am tempted to jump in whole hog and say no limits at all but, the possibility of foreign contributions prevents me from doing that.

Since the US gooberment (and other shadow boogymen) confiscate and own a whole lot of butt-coin, it should be very limited.

Although it wouldn't be that hard to automate a donation system to donate 10,000 different $100 donations from 10,000 different addresses.

originally posted by: MystikMushroom
a reply to: TinfoilTP

Yes...

I feel the same way about bitcoin. Besides, anything that's just a bunch of numbers can potentially be manipulated like the current system is anyway, right?

The Blockchain prevents that. If you ask who prints it? Then answer is no one. This currency isn’t physically printed in the shadows by a central bank, unaccountable to the population, and making its own rules. Those banks can simply produce more money to cover the national debt, thus devaluing their currency. Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins are ‘mined’, using computing power in a distributed network. This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.

So you can’t churn out unlimited bitcoins?

That’s right. The bitcoin protocol – the rules that make bitcoin work – say that only 21 million bitcoins can ever be created by miners. There is not counterfeiting problem so rather than trust in God, we trust in math.

BTW - Kentucky Senator and Republican presidential candidate Rand Paul is set to appear at a digital currency-focused event in New York City this weekend = www.coindesk.com...

This is big brother knocking on the digital currency door.

The big players in the world are not going to let average people have control of the money system, at least not with the current banking players still running the game.

originally posted by: roadgravel
This is big brother knocking on the digital currency door.

The big players in the world are not going to let average people have control of the money system, at least not with the current banking players still running the game.

Maybe, but if the US were to back the dollar with Bitcoins it would be in good shape. Bitcoins as a currency are better than gold.