• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

Senate Candidate Austin Peterson Accepting BTC for Campaign

Rick Delafont by Rick Delafont
3 years ago
in Cryptocurrency news
Reading Time: 3min read
bitcoin foundation suspends elections. newbstc bitcoin news
Advertisement

Austin Peterson, U.S. Senate candidate for Missouri, has announced that he will be giving his supporters the option to donate to his campaign using Bitcoin. Branding himself as the “opt out” candidate, he believes that voluntary participation should underpin any government service. This extends to Social Security, Obamacare, and also to fiat currency apparently.

Being a former Libertarian presidential candidate, Peterson aims to highlight his stance on big government and oppressive regulation by accepting the world’s most popular cryptocurrency. “You get a choice,” he was reported as saying. “Opt out of the U.S. dollar.”

“Bitcoin is one of those issues that has actually got a huge community. I mean there are bitcoin millionaires out there. And we might be able to tap into that market because there will probably be no other candidates who will be better on that issue. I really would like to see a degregulation on monetary policy.”

As one of his ultimate ideological goals, the Missouri candidate seeks for the “complete and total abolition” of the Federal Reserve – a sentiment which echoes many of the earliest adopters of cryptocurrency’s political principles. Peterson firmly believes that money should not be a creation of the government but rather one of the marketplace. He argues that if decentralization is good for markets, why can this principle not extend to money too?

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

At a minimum I would like to introduce legalisation that would decentralise the monetary unit, the dollar, in such a way as to legalise competition: Gold, silver and cryptocurrencies, so that they can compete. That would cause a spike in the prices.”

The controversial politician has made a name for himself by taking his political message to the extreme. A recent publicity stunt saw him facing a thirty-day ban from Facebook for live streaming a competition in which the prize was an AR-15 rifle. He claimed that it was a political action that sought to draw attention to Democratic Senator Clair McCaskill’s support for a ban on all assault weapons.

The self-proclaimed “Bitcoin candidate” isn’t the first high-profile politician to accept cryptocurrency donations. Famously, Republican Senator Rand Paul in his 2016 presidential campaign also allowed funding using the payment method. It was of course much less widely known and enjoyed significantly lower circulation than it does today.

This is reflected by the different limits imposed on cryptocurrency donations from each of the two politicians. Peterson has enabled his campaign to receive up to $10,000 per day from multiple donors, whilst the Federal Election Commission limits individual contributors to $2,700 and multi-candidate PACs to $5,000. This contrasts with the campaign of Paul who capped contributions to just $100.

Another interesting difference between the two campaigns relates to anonymity and transparency. Back in 2015/16, it was largely considered by the media that anarcho-types would seek to hide their support of various anti-system candidates using cryptocurrency. However, many today tout the payment method as being the ultimate in transparent funding. Every Bitcoin can, of course, be traced back to the original genesis block, highlighted by the federal agents who were able to build evidence against Ross Ulbricht, the mastermind behind the original darkweb marketplace — SilkRoad. FBI agent Ilhwan Yum said, “I didn’t do any complicated analysis” when following DreadPirateRoberts’s crypto-paper trail which eventually led to his arrest.

Bitcoin acceptance in political rallies and election campaigns show that the politicians are increasingly becoming open to the use of Bitcoin and other cryptocurrencies, which could bear a positive effect over the government policies and regulations once they get into power.

Tags: austin petersonbitcoinBitcoin Newscryptocurrenciesdonationselectionsfundingpoliticians
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Related Posts

takaxa

Taraxa’s Steven Pu on the Elephant-in-the-Room Problem With Informal Transactions, and How He Drives the dApps Adoption With Slack-Inspired Go-to-Market

1 day ago
Bitcoin Analyst Explains Why Traders Should Buy Altcoins All March

Bitcoin Analyst Explains Why Traders Should Buy Altcoins All March

2 days ago
Dash Investment Foundation Considers Buying Tesla and Coinbase IPO Shares

Dash Investment Foundation Considers Buying Tesla and Coinbase IPO Shares

2 days ago
Bitcoin Exchange Suffers Massive Outflow as BTC/USD Drops

Bitcoin Exchange Suffers Massive Outflow as BTC/USD Drops

2 days ago
How to Maximize Your Yield Farm Gains

How to Maximize Your Yield Farm Gains

3 days ago
Bitcoin Exchange Coinbase to Go Public; What Does It Mean for BTC/USD?

Bitcoin Exchange Coinbase to Go Public; What Does It Mean for BTC/USD?

3 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

What Will Happen to Oil Production and Distribution in 2021, and How Can You Make a Profit on It

February 28, 2021

Bitcoin Gaming Platform FreeBitco.in Acquires 3.75 Billion FUN Tokens

February 26, 2021

60-Minute IFO, 187 Times Over-Raised, 40 Times the Price, 98 Million US Dollar Marketcap: Berry Data Has Become a Bright Star on BSC

February 26, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.