To clarify this: I added the option after a few users had requested to donate. I had not spoken with Ron Paul's campaign. They don't actually accept Bitcoins. The idea was to sell Bitcoins at market value and then send a USD check. Essentially sending them "Bitcoin money" I had thought this was clear and it was not intended to mislead people in to thinking we had a special relationship or they accepted Bitcoin.
A few hours later we saw how much attention this was getting and reevaluated. We disabled the withdrawal method and sent the funds back to the users accounts. At this point there has been and will not be any money sent to Ron Paul from TradeHill.
I sincerely apologize, this was my mistake and would like to thank everyone for their support.
Regards,
Jered
Thanks for the effort Jered. Can you tell us how many BTC had been donated in what timeframe?
As in how much people wanted to send ? I believe a total of 2 BTC that we refunded.
If you're asking how much was actually sent to his campaign that's zero.
It all took place within a few hours.
To clarify this: I added the option after a few users had requested to donate. I had not spoken with Ron Paul's campaign. They don't actually accept Bitcoins. The idea was to sell Bitcoins at market value and then send a USD check. Essentially sending them "Bitcoin money" I had thought this was clear and it was not intended to mislead people in to thinking we had a special relationship or they accepted Bitcoin.
A few hours later we saw how much attention this was getting and reevaluated. We disabled the withdrawal method and sent the funds back to the users accounts. At this point there has been and will not be any money sent to Ron Paul from TradeHill.
I sincerely apologize, this was my mistake and would like to thank everyone for their support.
Regards,
Jered
Thanks for the honesty and maybe you can set up a seperated page (preferrably on a seperate domain...) that takes BTC payments, converts them to USD using a bot or some trading tools and then after some threshhold is reached automatically sends a check or a paypal payment? This might be a VERY useful service for other uses (miners!) too...
We would like to implement something like that for regular users but it won't have anything to do with political contributions.
Jered