Rand Paul's Opponents Are More Likely to Join Him on Bitcoin than Attack (Op-Ed)
After Rand Paul became the first major presidential candidate to accept bitcoin, some users theorized that the move could be used by his opponents to attack him.
Earlier this week, Rand Paul became the first major U.S. presidential candidate to officially accept Bitcoin donations. As I mentioned in my article at the time, it is seemingly a perfect fit. Bitcoin is full of libertarians and Paul is more or less a libertarian masquerading as a Republican.
The Washington Post called it a “genius” political move and correctly pointed out that it is a part of a larger plan to appeal to tech-savvy and young voters. Indeed, Paul is taking the social media engagement one step further (and younger) than his opponents, by offering “behind-the-scenes” looks at the campaign on Snapchat.
In my article, I mentioned how Rand’s father Ron Paul pioneered the act of raising money on the Internet in 2007 when his online supporters, working independently from the campaign, dropped US$4.2 million into his coffers. John Kerry and Howard Dean both raised significant amounts of cash online in 2004 (which actually helped close the funding gap between Kerry and Bush), and way back in 1998, former Minnesota Governor Jesse Ventura was the first to show that the Internet could be used to circumvent major donors in politics.