accept bitcoin donations?

  • Thread starter Thread starter dharma-bum
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dharma-bum

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hi, i would like to suggest CC accept bitcoin donations as an alternative to using PayPal. BTC's are legal is both the US and Philippines (see: Bangko Sentral ng Pilipinas - Publications and Research ), and would be a simple addition to the site.

CC would just have to post a public address (generated by bitcoin core, or another wallet) on the site.

current exchange rate: 1 btc to usd - Google Search

Some members might find this an easier way to donate. I certainly would.
 
If it was my website, I personally wouldn't want to deal with the the liquidity or exchange rate risk, but that's just my own preference....why not do the conversion to usd, dharma?
 
There is not a bitcoin liquidity problem anymore. You may have been reading dated articles from the last few years, but things have changed, and thousands of Bitcoin exchanges are currently operating worldwide. Also, the exchange rate uncertainty often works in favor of bitcoin holders, and the rate seems to have stabilized recently (it has remained at roughly $240 +/- 30 all year)...

But this is all irrelevant because I didn't suggest BTC's as a long-term investment, but rather as a simple means of accepting anonymous donations across borders with no fees (that could be immediately exchanged for hard currency upon receipt). In countries without freedom of religion/speech rights, anonymous donations via Bitcoin could be a much safer alternative to banks, credit-cards, and paper trails.

At any rate (no pun intended), if nobody else sees/understands the benefits of accepting a decentralized cryptocurrency, I'll happily use my BTC elsewhere and continue with USD contributions. Thanks for your responses.

13indUWEZM1BtQfnZiRgvJCcGASV8Msx4z :)
 
i didn't mean to discourage you dharma, i was just curious since I'm not up to date on bitcoin popularity.
 
dharma-bum said:
There is not a bitcoin liquidity problem anymore. You may have been reading dated articles from the last few years, but things have changed, and thousands of Bitcoin exchanges are currently operating worldwide. Also, the exchange rate uncertainty often works in favor of bitcoin holders, and the rate seems to have stabilized recently (it has remained at roughly $240 +/- 30 all year)...

But this is all irrelevant because I didn't suggest BTC's as a long-term investment, but rather as a simple means of accepting anonymous donations across borders with no fees (that could be immediately exchanged for hard currency upon receipt). In countries without freedom of religion/speech rights, anonymous donations via Bitcoin could be a much safer alternative to banks, credit-cards, and paper trails.

At any rate (no pun intended), if nobody else sees/understands the benefits of accepting a decentralized cryptocurrency, I'll happily use my BTC elsewhere and continue with USD contributions. Thanks for your responses.

13indUWEZM1BtQfnZiRgvJCcGASV8Msx4z :)
Click to expand...
It's irrelevant if any of us agree with you. There is only one person who has to agree with you. And if he does you'll see it implemented. If he doesn't you won't. Or he doesn't have the funding to put it in place yet.
 
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