From: Wired Blog Network

Republican presidential candidate Ron Paul made history Sunday by raising $6 million in online contributions in 24 hours, breaking the record for the most money raised by a national candidate in a single day, and potentially putting Paul on track to surpass the fourth quarter fund raising of all of his competitors in both parties.

“I just think it’s extraordinary,” says Anthony J. Corrado, a campaign finance expert and professor of government at Colby College in Maine. “In my view, I expect that Ron Paul will raise more money than any other candidate this quarter. At this point, his main competition will be (Mitt) Romney’s checkbook.”

The effort was organized entirely by volunteers online.

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Update: Trevor Lyman explains in a YouTube video how the “money bomb” concept came together on a Manchester, New Hampshire street corner.