I am actually very passionate about Cryptocurrency and have been involved in it for many years now. I see huge potential for its growth and use in the future. My only concern with decentralized mining of currency is the ability for nation states, Billionaires and the like to invest huge amounts of money into mining and then manipulate the currency and essentially control it.
We have seen this happen before when Bitcoin Cash was first released. Miners in China put out bulk propaganda articles that BTH would over take BTC and essentially become the most dominant coin. They then run Long positions on all Trading platforms on BTH and then simply switched their mining power over to BTH from BTC which resulted in transactions of BTC coming to a halt and BTH pumped.
Once the BTH got to a certain high level, they then shorted all their positions and switched the mining power back over. So in this regard some sort of safe guards or protection measures must take place to prevent bulk market manipulation.
But to answer your questions more directly is as follows:
1. My position on Bitcoin is it is overall a very good thing. It has given financial freedom to many and allowed for much easier international transactions. I also like the privacy element of the system also.
2. Currently I am not accepting any kind of donations and all donations must be facilitated through the party as AEC regulations come into play about foreign doners. So unfortunately the acceptance of Cryptocurrency as a form of political donation is not legal with the AEC.
3. I believe for widespread mainstream adoption of Crypto that it will require some form of regulation. However, I only support regulation providing the freedoms Crypto provides are protected such as Privacy and freedom of transaction. Some form of regulation would allow for wide spread adoption and that would in turn help stabilize the Crypto industry and make it less volatile.
Any further questions please don’t hesitate to ask,
Benjamin J Britton
Candidate for Cunningham
Mob: -0407 670 518
email@example.com | www.unitedaustraliaparty.org.au