Monday, April 29, 2013

Libertarian Presidential Hopeful Will Only Accept Bitoins and Gold as Donations

Darryl W. Perry says he's running for president in 2016 as a libertarian, and he's pledging to be the first White House hopeful to accept Bitcoin, reports Mother Jones.

 In a recent open letter to the Federal Election Commission, Perry said the Darryl W. Perry for President campaign will not accept any donations "in currencies recognized by the federal legal tender laws."

The only currencies going into Perry's campaign war chest are Bitcoin, Litecoin (another online currency), and precious metals. "I am attempting to put into practice a belief that I hold that we should get rid of the Federal Reserve, which is a central bank," he recently explained. "And unlike some who want to get rid of the Fed, I don't want the government stepping in to fill the void."

BUT since bitcoins are not yet money, that is a liquid generally accepted means of exchange, he will have to convert his bitcoins to dollars to spend them for his campaign. And once the government cracksdown on Bitcoin exchanges, he will have another point on which to rail on about government itrusiveness.


  1. Add this fellow's antics to the long list of why I gave up on the LP ages ago.

    1. Well this guy actually left the LP a few years ago and joined the Boston Tea Party and ran for office in the state I was living in at the time (there was no Libertarian Party member running, so he wound up getting my vote). For whatever reason, he's back.

  2. Good for him. As the ecosystem builds around bitcoin the less there will be a need to convert to FRN's.

    Yes, the Feds can shut down the exchanges but that does not appear to be their objective at the moment. Now, they are merely pursuing regulation. That gives the market more time to establish a foothold and a presence that may at some point be unstoppable.

    Every freedom lover should be rooting for Bitcoin. As Pirate Dread Roberts from Silk Road pronounced:

    “The state may try to ban our tools, but if we never use them for fear of them being banned, then we have already lost, no? Personally, I don’t think they can be effectively banned at this point. Iran and China, for example, are actively trying and failing.”