n A young Congressional candidate in the U.S. is accepting crypto donations in her bid to unseat Nancy Pelosin
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Peter Schiff Reveals if Receiving Bitcoin Donations has Converted to Crypto
Famous gold bug and Bitcoin naysayer Peter Schiff has provided comment about what he plans to do with the cache of Bitcoin recently donated to him by the Bitcoin Twitter community. The staunch anti-Bitcoiner said that just because he has been gifted some Bitcoin does not mean that he is suddenly a convert to crypto and that he doesn’t really care what happens to the funds.
Schiff received the donations after he revealed that he had his own Bitcoin wallet. The gold investor subsequently shared a Bitcoin public key at the request of Anthony Pompliano of Morgan Creek Capital.
Schiff: Bitcoin is Still “Over-Hyped Digital Nothing”
Speaking with Kitco News earlier today, Schiff quipped that the donations he received had already lost value and said that had he exchanged them for gold, the dollar value would have gone up. He also claimed that he did not care what happens to the “insignificant amount” of money he received.
Schiff received the donations earlier this month when vocal Bitcoin advocate Anthony Pompliano revealed that the gold bug actually owned some Bitcoin. Pompliano requested that Schiff post his public key so that he could match the 0 worth of Bitcoin the gold bug had been previously gifted from a friend.
The vocal Bitcoin hater @PeterSchiff recently admitted that he actually does own some Bitcoin.
Never listen to what they say, always watch what they do with their money!
— Pomp
(@APompliano) July 5, 2019
Schiff obliged and, for whatever reason, people started sending the public key more Bitcoin. The current holdings in the wallet are just over 0.21 BTC or around ,000 at the time of writing.
In the interview Schiff states that he finds the idea that he might now be a convert or to be secretly holding Bitcoin to be laughable. He goes on to say that just because he has been gifted some Bitcoin does not change his stance on the cryptocurrency industry. He added that he doesnât intend to actually buy any in the future either.
Arguing that the narrative that he is some sort of secret holder is entirely fabricated, he claimed the whole industry to be an elaborate pump and dump based on similarly “fake news” orchestrated by the earliest investors who now need to offload to gullible newcomers:
âThere is really nothing fundamental driving the price itâs just kind of a pump and dump kind of a scheme going on.â
Schiff went on to argue that pending regulations will not only make it more difficult for new money to enter the market but also make cashing out Bitcoin to dollars a greater challenge for those that have been in the market for longer.
In relation to a question about his own company accepting the cryptocurrency for gold purchases, the precious metals advocate said that Schiff Goldâs âacceptanceâ of Bitcoin is not an endorsement. He argued that by working with a crypto payment processor like BitPay, the firm is making it easy to convert Bitcoin, which he deems as worthless, into his preferred store-of-value asset, gold. He also stated that Schiff Gold does not receive any Bitcoin from the arrangement.
âI certainly want to help people to make that conversion from âfoolâs goldâ into real gold.â
Turning his attention to Libra, Schiff said that at least it is backed by something â fiat currency. Ideally, however, he would prefer to see it backed by gold. Schiff went on to state that in a true free market, gold would win out anyway:
âThe problem is that governments around the world donât want that. They donât want competition from ârealâ money so they are going complicate the efforts of Facebook to launch Libra, as they would complicate the efforts of any private company to create money that would compete with government monopolies.â
He continued, stating that, when creating laws and regulations, governments really want to stop the market turning towards a superior form of money and to keep using the âlousy monetary productsâ issued by central banks.
Schiff concluded by arguing that the current government monopolies, enforced by financial regulations, are a challenge to individual liberty:
âThis is how tyranny begins, when you give up your liberty and freedom to government, supposedly so they can protect you from bad guys, what ends up happening is you need protection from government.â
Related Reading:Â Gold Investor Peter Schiff Claims Bitcoin Bottom Wonât Hold
The post Peter Schiff Reveals if Receiving Bitcoin Donations has Converted to Crypto appeared first on NewsBTC.
Andrew Yangs PAC Accepting Donations in BTC Via Lightning Network
n Humanity FWD, a new PAC supporting presidential candidate Andrew Yang, accepts donations in Bitcoin via Lightning Networkn
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Not Very Practical Critics Say Political Crypto Donations a Marketing Ploy
n As one of only two crypto-accepting Democratic primary hopefuls withdraws his candidacy, experts have seized the moment to probe the crypto campaign donation trendn
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Rep. Eric Swalwell Is Accepting Crypto Donations in Bid for US Presidency
Rep. Eric Swalwell is accepting donations in six cryptocurrencies to support his bid for the U.S. presidency in 2020.
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Russian Opposition Leader Raises $3 Million in Bitcoin Donations
Russian opposition leader Alexei Navalny has attracted million in bitcoin donations over the last three years.
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French Crypto Enthusiasts Appeal for Bitcoin Donations to Rebuild Notre-Dame Cathedral
One of France’s most iconic buildings lies virtually destroyed after a tragic fire consumed it last night. In response to the incident, which has moved much of the planet, a group of French Bitcoin advocates have set up a crypto appeal.
The blaze is now under control but millions of euros worth of architecture and artwork has been damaged. France’s president has pledged to rebuild the once-magnificent building and the Bitcoin donations will contribute towards the effort.
Bitcoin Philanthropy: French Crypto Community Appeal for Donations
The crypto appeal was first launched by French Bitcoin advocate, journalist, and podcaster, Gregory Raymond. His Tweet states that such a philanthropic action could help prove to the lawmakers of the planet that Bitcoin can be used for good and not just the small percentage of criminal uses often cited by regulators and naysayers:
President @EmmanuelMacron has announced a subscription to rebuild #NotreDame. Hey bitcoiners, let's prove to the french authorities #Bitcoin can be an amazing way to send funds quickly, without border and for a good cause ! #bitcoinfornotredame 1JX3k1e1acXENqoKqaAtKKEdE9C2j4WsDB pic.twitter.com/Xu1zULMqL1
— GrĂ©gory Raymond (@gregory_raymond) April 15, 2019
Other French crypto enthusiasts have since Tweeted their support for the appeal. A group from France’s digital asset community suggested that the wallet used for donations be switched for a multi-signature address to ensure that the funds go to where the appeal’s organisers say they will. Translated, the below Tweet simply reads:
“The Coin Circle will support the approach of Gregory Raymond. A multi-signature address will be put in place to give more guarantee to donors. We communicate very quickly.”
Le Cercle du Coin va appuyer cette dĂ©marche de @gregory_raymond . Une adresse multi signature va ĂȘtre mise en place pour donner plus de garantie aux donateurs. Nous communiquons trĂšs vite. https://t.co/t9cJ6Ak7ge
— Le Cercle du Coin (@AssoCDC) April 16, 2019
So far, the original Bitcoin address has received just 0.02760433 BTC from 11 donations. Most of this has now been transferred to the multi-signature address below, which is yet to receive a donation:
“3PxExW3bKza9SbYzdBLwvALbvX4yMDfLyX”
Controlling the muti-sig wallet is Raymond, L Cercle du Coin, and David Prinçay – another committed French Bitconer.
France Mourns as Cathedral Ashes Smoulder
The twelfth-century cathedral is an absolute symbol of France. It was one of the nation’s most famous landmarks. According to a BBC article, the blaze is now under control but firefighters continue to work at the scene. Meanwhile, recovery teams are trying to salvage what they can from the artwork inside the building.
In terms of structural damage, the cathedral’s spire and roof has collapsed. According to the BBC, more than 500 firefighters managed to save one of the building’s bell towers.
Today, the scene has been visited by thousands of Parisians who stood in silence as the firefighters tackled the inferno. Many wept for the loss of the iconic building that meant so much to the nation of France.
The precise cause of the fire is still unknown. However, the Paris prosecutor’s office is considering it a case of “accidental destruction by fire.” Some experts have opined that the fire may have been linked to recent renovation work on the building.
President Macron has praised the courage of those involved with putting the blaze out. The French premier also stated, “we’ll rebuild Notre-Dame together”, a message that those Bitcoin advocates behind today’s appeal have clearly taken to heart.
Related Reading: How Crypto is Beating Charity Fraud and Binance is Bringing Ugandaâs Children to School
Featured Image from Shutterstock.
The post French Crypto Enthusiasts Appeal for Bitcoin Donations to Rebuild Notre-Dame Cathedral appeared first on NewsBTC.
Wikileaks Founder Julian Assange Arrested in London, Sites Bitcoin Donations Spike
n nn nn Julian Assange, co-founder of Wikileaks and early Bitcoin supporter, was arrested at the Ecuadorian Embassy in London and faces extradition to the U.S. on conspiracy charges.Having spent the last seven years seeking asylum in the embassy, Assange has at last lost the support of the Ecuadorian government. He was arrested on April 11, 2019, for failing to appear in British courts. Originally in hiding due to a Swedish arrest warrant over allegations of sexua
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Wikimedia Foundation Partners With Payments Provider BitPay to Accept BTC, BCH Donations
n The Wikimedia Foundation will now use BitPay for cryptocurrency payment processing in order to accept donations in BTC and BCHn
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Elections Canada Consults With Political Parties on Crypto Donations
n nn nn According to Elections Canada, the agency that runs federal elections in Canada, there has been a growing interest in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.Election season is just
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