Occupy Wall Street General Assembly Money Bomb!

[old_engineer]

I received confirmation that all donations go directly into the GA fund, and also great news that he'll try to keep them in the economy (GA approval pending, of course - no amount over $100 can be spent without GA approval IIRC).

Martin's reply in full:

"Thank you for your effects on fund raising, your effort are appreciated. Let me know if I can do anything to help.

All funds will go directly into the general fund.

I'm also advocating to keep the bitcoins in the bitcoin economy so if given approval I think a disproportional amount for bitcoins will go towards tech things like hosting, VPN's and other services that can be directly bought with bitcoins.  This said it will still be viewed as part of the general fund.

 "We've raised about another 100 bitcoins, or $400, in the past day."
It is almost overwhelming to see people helping out! This is so very encouraging!

Keep Fighting,
-Martin"

We've been noticed, and we're creating hard numbers that can be used to justify the use of bitcoin.  Lookin' good!

I'll match all donations in the next 24 hours, up to a maximum of 60 more bitcoins, which would bring donations up to an even 500 bitcoins.  Donations are at 379 bitcoins right now.  Any takers?

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[1715232233]

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[1715232233]

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[1715232233]

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[jjiimm_64]

as soon as I get home, I will send more....  awsome .


edit:   5 btc sent!

[sveetsnelda]

Another 10BTC sent.  Let's do this thing.

[jjiimm_64]

I dont know exactly when the 24 hours started.  but at least 15 were added.

[old_engineer]

I dont know exactly when the 24 hours started.  but at least 15 were added.

At 379 now, 18 more than from my challenge email, so it looks like I can match _all_ bitcoin donations to the address, not just those on this thread.  Final call, any more donations before I match?  I suppose all donations are timestamped in the blockchain, yet another handy thing about bitcoin transactions.

[Disposition]

I received confirmation that all donations go directly into the GA fund, and also great news that he'll try to keep them in the economy (GA approval pending, of course - no amount over $100 can be spent without GA approval IIRC).

Martin's reply in full:

"Thank you for your effects on fund raising, your effort are appreciated. Let me know if I can do anything to help.

All funds will go directly into the general fund.

I'm also advocating to keep the bitcoins in the bitcoin economy so if given approval I think a disproportional amount for bitcoins will go towards tech things like hosting, VPN's and other services that can be directly bought with bitcoins.  This said it will still be viewed as part of the general fund.

 "We've raised about another 100 bitcoins, or $400, in the past day."
It is almost overwhelming to see people helping out! This is so very encouraging!

Keep Fighting,
-Martin"

We've been noticed, and we're creating hard numbers that can be used to justify the use of bitcoin.  Lookin' good!

I'll match all donations in the next 24 hours, up to a maximum of 60 more bitcoins, which would bring donations up to an even 500 bitcoins.  Donations are at 379 bitcoins right now.  Any takers?

Yifu's statement is true in some regards, he have spoken to Martin as well, and especially with the Food and Finance group so far the Bitcoins is not being used towards GA at all, and internal GA communication about Bitcoins has been rather poor. there's currently no plans to utilize the Bitcoin funds, however exposure had happened and many Groups has been aware of Bitcoin's involvement and are now thinking of ways to use it.

[old_engineer]

Yifu's statement is true in some regards, he have spoken to Martin as well, and especially with the Food and Finance group so far the Bitcoins is not being used towards GA at all, and internal GA communication about Bitcoins has been rather poor. there's currently no plans to utilize the Bitcoin funds, however exposure had happened and many Groups has been aware of Bitcoin's involvement and are now thinking of ways to use it.

Thanks for more news from the ground, Disposition, and I'm glad they're trying to find the best way to use the coins rather than just cashing out quickly.  I hope at least of the protesters realize that deriding big banks while simultaneously receiving donations through Mastercard and VISA is, shall we say, a suboptimal arrangement. And speaking as a donator, I like the the fact that my bank doesn't know that I've donated money to OWS. 

As far as the fundraiser, I matched the 19 donated since the challenge and a bit more by kicking in another 25, bringing the total to 423 btc on the address.  Thanks to everyone that donated!  I'll update this thread if I hear anything about what the coins were used on.

[doobadoo]

i saw a story on CNN that wepay.com was being used to fund the protest.  they were interviewing the ceo.  I was thinking "dam, why can't that be Gavin being interviewed about all the BTC tumbling in?"

[RodeoX]

The best way for the GA to use bitcoins is to spend them. Hopefully they also received a list of sellers who accept bitcoin. It would be dumb for them to try converting them into dollars, they should just order what they need online and use the coins as they were designed.

[eldentyrell]

5 BTC sent.

[TheAlchemist]

5 sent too!

[svojoe]

5 BTC