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Terrell Jermaine Starr
@terrelljstarr
What do you think about political parties receiving donations in crypto, given the transparency concerns? I plan on reporting on this very subject and am seeking the @farcaster community’s insights into this article and responsible crypto political finance. https://decrypt.co/330810/labour-mps-ban-crypto-political-donations-attack-reform-uk.
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androidsixteen
@androidsixteen.eth
The irony is that crypto makes things more transparent (as you know :)) So it would be interesting to tease out why this feature is poorly understood — is it the automatic immune response to anything “crypto” seen as a scam, or is it a legitimate call for making provenance onchain more traceable (via surveilled on-ramps, etc)
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Monteluna
@monteluna
I agree with androidsixteen here. Its kind of ridiculous to ban crypto donations, first on the fact that you can send stablecoins, and second, its pretty much impossible to enforce since addresses are psudeoanon. I get the response since this is really about foreign money influencing elections, but there's a fair discussion to be had about why we do that anyways in a globally integrated economy. I do think we're trying to model politics like its 1900s in a world with 2025 technology, and calling for "bans" probably isn't a real solution. 100 $tipn
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zoo
@zoo
crypto today is quite transparent. def moreso than the PAC system in the US. itd be prudent for gov to embrace better, cheaper, more decentralized payment rails. parties will need to require some form of kyc for proper attribution, and they can easily return donations from unknown wallets
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