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January 02, 2014, 04:52:20 AM |
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The current group of politicians I am consulting with might be more comfortable if they understood that a unique bitcoin receive address, (a receive address in the campaign's wallet or in their records), is generated for each unique contribution. Or, how is this managed? Is the address used to send the CryptoCurrency, that the donor uses to send the donation, is that tied to the personal information the donor enters on the form?
When an elections commission body audits the records of the donations of bitcoin made to a campaign, is there a report generated that shows enough data that it can be determined that the person that filled out the form is indeed the person who sent bitcoin to that, (the), address provided?
This is the primary concern of the candidates and managers and treasurers who I have spoken with. They are want to talk about damage and harm much more than a "solution". They need to be assured that the identifying information of the donor and their donation amount is visible, (on the blockchain?), and identifiable with the address they used ... thus ... provides an audit for government agencies for that transaction. And I'm moving their level of language up a few notches as they don't put it this way, because they don't know how to speak the language of coin, of Crypto, but I know what they need and want, and you do as well. So we need some set of diction, some language that allows these people to understand that can be legal and be safe.
And generally, there is a lot of fear among political candidates when approaching the CryptoCurrency campaign donations strategy, the implementation of that strategy. They would rather remain in absolute ignorance of CryptoCurrency, total ignorance ... and think they would be safe if they say nothing about it at all ... rather than even attempt to explore it in any fashion and then potentially be accused of accepting CryptoCurrency donations and then being audited for that without the knowledge, any knowledge at all to thwart or protect from harm from the State.
It's a damned if you do, damned if you don't proposition for some and that's not good for "the dream", which every political campaign must maintain to some degree. It's just not fluffy and good like those good old FRN's, so some marketing is my concern and I'm working to develop that language and level and ability to explain these things.
So these few candidates that are accepting bitcoin openly, they are the models, and their success with this strategy is absolutely crucial. How they generate, store and provide records for potential audits is crucial.
Can you speak to us please, at a high level, as if you are speaking to programmers who understand some bitcoin app code, as to how this is accomplished, thanks so much for your work and I look forward to having political candidates I consult with on these issues explore the use of your application.
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