It made sense yesterday: The Libertarian party now accepts donations in Bitcoin

It made sense yesterday: The Libertarian party now accepts donations in Bitcoin

Right, Bitcoin, it’s not doing well at the moment, shedding valuation at a precipitous rate. Bitcoin peaked recently at $266 per unit, and now rests comfortably below the $100 mark. The sudden rise in the profile of Bitcoin, however, has brought out the usual suspects on the hunt for cash: politicians.

The Libertarian party of the United States now accepts Bitcoin, in a move of moderate sense as the libertarian-minded were among the first attracted to the stateless, digital currency.

So. Much. Tech.

Some of the biggest names in tech are coming to TNW Conference in Amsterdam this May.

In a twist that makes legal sense, the Libertarian party is accepting donations in dollar terms, paid for with Bitcoin. You choose the dollar amount you want to give – $5,000 is suggested, perhaps as the group wants to cash in on newly-rich Bitcoin fans – and are taken to a screen like the following:

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What’s fun about this is that you can give, say, $1,000 in Bitcoin, and with the current market gyrations only have made a functional donation of $500, or perhaps $2,000. I’ll leave how to manage the accounting of Bitcoin valuation changes and how it is counted under FEC rules to the tax professionals.

Bitcoin: now political currency.

Top Image Credit: Adam Bartlett

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