I'm wondering if TradeHill will provide some transparency on how the donation is made. I'm interested in donating some bitcoins. Will tradehill convert it to USD immediately and donate to Red Cross? Thanks.
Certainly. The funds aren't currently automatically converted. We would like to add that feature soon. The BTC will be converted at the latest before we cut the check. Our system tracks the donations and when it gets large enough we send it. Most likely we will send checks monthly. It was intended as a way to send the change left in your account as well as larger donations. Hopefully all the change will eventually add up to a big donation.
We're happy to post a receipt from the check we send when it goes out. This goes for the EFF donation as well.
Thank you to everyone who has donated.