Meet Ireland’s first bitcoin politician

OssianSmyth18 Apr 2014 / Silicon Republic – A candidate for Dun Laoghaire in next month’s Irish local elections, Ossian Smyth, has become the first politician on the island of Ireland to accept bitcoin donations. He said the cryptocurrency has the potential to bring more transparency to politics in Ireland.

Smyth, who is running for the Green Party, is an IT consultant who has worked with Microsoft and Citibank, and now works at St Vincent’s Hospital. He also mentors the local CoderDojo in Dun Laoghaire.

He is also the Green Party’s internet spokesman and representative for communications, energy and natural resources.

Smyth told Siliconrepublic.com that while bitcoin has been associated in the press with corruption and money laundering, he believes the transparency of bitcoin should also be appealing in terms of bringing transparency to politics.

“I think it is one of the most transparent ways of receiving donations. No one would know how much money can be donated into a bank account, but with bitcoin anyone can go to the block chain and look at the wallet.

“Over the next six weeks, the public will be able to see every transaction using Blockchain.info,” Smyth said.

He said that under the current regulations, he is permitted to raise a total of €11,700, which is the equivalent of 30 bitcoin.

However, he only intends to raise half that amount, setting a target of 15 bitcoin.

Effectively, Smyth’s election campaign donation page can only receive bitcoin donations from other owners of bitcoin….. Read more

http://www.siliconrepublic.com/business/item/36570-meet-irelands-first/

Follow Twitter

Exchange Rate

Cart