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Author Topic: Bitcoin 100: Developed Specifically for Non-Profits  (Read 241780 times)
Phinnaeus Gage
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November 29, 2012, 06:10:50 AM
 #1061

Allow me to try to do this again:

I currently see the following possible compromise: Use BitPay just to receive BTC, have them pay a BUND Berlin account at MtGox which will immediately convert to EUR and ask BUND Berlin to clear funds to their bank account regularly when the amount on there is feasable. If we manage to convince BitPay to waive fees for receiving just BTC for non-US charities that would be a great leap forward. Either BitPay waives the fees or lowers them, whereupon I will pay the difference or the entire fee. It makes no difference to me. I desire BitPay to be the liaison between BTC and fiat, regardless, with no ill feelings on my end if they can't, for whatever reason (and needs no explanation), lower/eliminate the fees.

~Bruno K~

Bruno - sorry for not reacting to your generous offer to take over the fees! This is a great gift and I'm sure BUND will appreciate it! There are two issues at stake here: One is the Bitcoin100 initiative and the amount they'd like to donate and the fees for that the other is sustained donations by other donors in the future. Obviously we're trying to find a long lasting solution that servers all purposes best and set an example for other charities to follow up on with as little fees involved as possible. Otherwise I'm afraid they might overexcite your generosity to cover the fees.

I think we need another couple of days to get this right and I hope you don't insist in it having to be BitPay to convert to EUR for other donations besides the Bitcoin100 pledge. Chances are really good though it'll be BitPay to handle the transactions initially and in the future.

In my mind, I had everything covered with the exception of non-profits collecting bitcoins from other sources besides Bitcoin 100. DOH! Actually, I do have a solution, but it's a little to premature to get into it now. Overall, your post is spot on and you seem to be on top of it. Thank you so kindly, jsmithers.

~Bruno K~

PS: I'm not locked in as far as BitPay is concerned.
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jsmithers
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November 29, 2012, 01:50:53 PM
 #1062

In my mind, I had everything covered with the exception of non-profits collecting bitcoins from other sources besides Bitcoin 100. DOH! Actually, I do have a solution, but it's a little to premature to get into it now. Overall, your post is spot on and you seem to be on top of it. Thank you so kindly, jsmithers.

Great stuff - thanks! Looking forward to your solution! It's great to collaborate with everyone here!

Latest status update here: I'm talking to https://bitcoin-24.com/ and see what they might be able to do. They have no (or very little like 1,60 EUR flat) fees for SEPA transfers and trading BTC to fiat is currently free as well.

MtGox actually charges 1% for SEPA as far as I could see in their withdraw center and 0,6% for the trade. They can be used to autosell by placing a large sell order at market rate and BTC is convered as soon as it comes in (see this thread https://bitcointalk.org/index.php?topic=123149.0 ).

BitPay is silent at the moment - I'm waiting for a reply. If I don't hear from them I'll ask for the compromise of waiving fees for BTC only and possibly a flat fee for SEPA.
Ente
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December 02, 2012, 05:45:14 PM
 #1063

I don't want to drop the ball on the NGO I am in contact with. So I want to have definitive answers for them soon. Bitcoin to Euro transfers via SEPA, frensh bankaccount.
What would guys suggest?

BitPay with 4% fees, hassle-free?
MtGox with 0.6%+1% fees?
Something different?

They are a registered NGO/Charity in France. BitPay didn't even reply to my PM and mail.
So I fear that asking BitPay to forward costs and fees to us will result in no answers too, and just steal more time..

For now, I don't see an alternative to a diy-automated MtGox account..

Ente
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December 02, 2012, 06:35:16 PM
 #1064

Ente email me personally please I haven't seen anything about this before  tony@bitpay.com

BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
Phinnaeus Gage
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December 02, 2012, 06:37:35 PM
 #1065

Ente email me personally please I haven't seen anything about this before  tony@bitpay.com


No problem here, Tony. Thanks for looking into it.

Later, bud.

~Bruno K~
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December 02, 2012, 06:53:43 PM
 #1066

Ente email me personally please I haven't seen anything about this before  tony@bitpay.com


No problem here, Tony. Thanks for looking into it.

Later, bud.

~Bruno K~


thanks

sorry since Wordpress our new signups and inquiries have increased by 200%.  There has not been much time to respond to all the people asking for special requests.

BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
Ente
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December 02, 2012, 09:42:36 PM
 #1067

Ente email me personally please I haven't seen anything about this before  tony@bitpay.com


No problem here, Tony. Thanks for looking into it.

Later, bud.

~Bruno K~


thanks

sorry since Wordpress our new signups and inquiries have increased by 200%.  There has not been much time to respond to all the people asking for special requests.

Thank you, Tony.
I just wrote you an email.
It is all fine if you take your time. Now that I know someone will get back to me I already am happy :-)

Cheers!

Ente
jsmithers
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December 04, 2012, 01:19:10 PM
 #1068

We're almost there with BUND Berlin e.V. - there's a good chance for a launch this week.

Last status is: Bitpay will be used for payment processing and Bitstamp will do trade to currency and SEPA. Fees are very reasonable all in all!
Rassah
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December 04, 2012, 04:04:23 PM
 #1069

FYI, that ferret rescue charity I was pursuing ran into some recent issues. The owner's son got into a terrible accident, was paralyzed, and she has been too busy running between taking care of him and her ferrets to consider anything else like Bitcoin.

jsmithers
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December 04, 2012, 04:42:40 PM
 #1070

FYI, that ferret rescue charity I was pursuing ran into some recent issues. The owner's son got into a terrible accident, was paralyzed, and she has been too busy running between taking care of him and her ferrets to consider anything else like Bitcoin.

I'm sad to hear that and wishing this son all the best for a speedy and as well as possible recovery Sad
jsmithers
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December 04, 2012, 04:47:42 PM
 #1071

BUND Berlin have launched their Bitcoin donation page. It's linked in the menu "Spenden" (German for donations) and linked on all pages with a button in the menu on the left.

While the rest of the page is in German only the Bitcoin donation page is bi-lingual
Please find the english page here:

BUND Berlin e.V. is accepting donations in Bitcoin
http://www.bund-berlin.de/bund_berlinde/spenden/bitcoin_spenden/bitcoin_english.html

Happy donating Smiley
Rassah
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December 04, 2012, 04:52:58 PM
 #1072

Phinn, start getting whoever pledged but didn't donate to send their donations. I'll be out tonight (first time going to a local Bitcoin meet tonight), and will work on reconciling the account sheet tomorrow, after which I'll send the donations.

jsmithers, thanks for your work!

gnar1ta$
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December 09, 2012, 05:00:11 AM
 #1073

Was there some issue with BUND or is everyone just busy?

Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
jsmithers
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December 09, 2012, 06:45:58 PM
 #1074

BUND is live with its fundraising at the URL mentioned above. We're waiting for Bitcoin100 to call in donations and celebrate we've managed to add another charity to accept Bitcoin. I guess Phinnaeus Gage is busy - lets be patient for another few days before we get on his nerves Smiley.
Ente
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December 10, 2012, 08:00:54 AM
 #1075

Maybe we need an extra mailinglist to inform donators when a new charity is found?
There is a mailinglist on http://bitcoin100.org/, I better sign up to that one!

Oh, nice new grafics on bitcoin100.org too!

Ente
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December 10, 2012, 05:01:59 PM
 #1076

..sent two bitcoins to the 1btc100 adress. One for BUND, one for the next one (or to the half-related project recently, I almost forgot about that one)

f199850391d9feb44ea35e54b0b91f58351149ffffedfbac0fc9446045a422fa

Ente
Phinnaeus Gage
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December 10, 2012, 06:07:39 PM
 #1077

Phinn, start getting whoever pledged but didn't donate to send their donations. I'll be out tonight (first time going to a local Bitcoin meet tonight), and will work on reconciling the account sheet tomorrow, after which I'll send the donations.

jsmithers, thanks for your work!

First, thanks to jsmithers for his efforts in getting Bund to accept donations via bitcoins.

Rassah, we look forward to seeing how short we are to the BTC100 total needed to send to Bund.

I've started a quick fund drive to narrow the gap: https://bitcointalk.org/index.php?topic=130102.0

..sent two bitcoins to the 1btc100 adress. One for BUND, one for the next one (or to the half-related project recently, I almost forgot about that one)

f199850391d9feb44ea35e54b0b91f58351149ffffedfbac0fc9446045a422fa

Ente

Thanks you, Ente, for your recent donations. I will update the list in the OP of this thread reflecting your donation, as well as Rassah will surely update his ledger.

Maybe we need an extra mailinglist to inform donators when a new charity is found?
There is a mailinglist on http://bitcoin100.org/, I better sign up to that one!

Oh, nice new grafics on bitcoin100.org too!

Ente

Thanks, Ente. I try to make the site not only pleasant to the eye, but functional as much as possible with plenty of work to go.

We look forward to seeing donations coming in so that Bitcoin 100 can honor their side of the deal and fund Bund the BTC100 promised. Thank you in advance for all the donations forthcoming.

~Bruno K~
Rassah
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December 10, 2012, 08:04:12 PM
 #1078

Sheet is updated: http://goo.gl/Mk3hp

Honored Pledges:   72.29289276 of 155.64130300000002

There was also a 10BTC donation that was done anonymously on 2012-09-28 15:37:54, which I'm not sure if it was supposed to be anonymous (if yes, the entire 10BTC will be donated, if not, I'll need to know whether to split it up among charities). Tx #: bc3a4826916f9dde622ce42764b4a149cf2b288361a0135a64e6ac073e6c87f2

I really need to redo this sheet or move it to some sort of database, though. It's almost impossible to search for transactions with it. In the mean time, Phinn, since you're in charge, it's up to you what you want me to do

Phinnaeus Gage
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December 10, 2012, 10:40:39 PM
 #1079

Sheet is updated: http://goo.gl/Mk3hp

Honored Pledges:   72.29289276 of 155.64130300000002

There was also a 10BTC donation that was done anonymously on 2012-09-28 15:37:54, which I'm not sure if it was supposed to be anonymous (if yes, the entire 10BTC will be donated, if not, I'll need to know whether to split it up among charities). Tx #: bc3a4826916f9dde622ce42764b4a149cf2b288361a0135a64e6ac073e6c87f2

I really need to redo this sheet or move it to some sort of database, though. It's almost impossible to search for transactions with it. In the mean time, Phinn, since you're in charge, it's up to you what you want me to do

The BTC10 was donated by coderrr via a PM. Taxing my memory, I believe it occurred around the time I was forced to take a vacation, thus not updating the OP, inform you, or publicly thank coderrr for his kind donation. Since he didn't stipulate how it was to be used, let's safely assume treating it as we done other donations of this nature in the past--splitting it up between subsequent charities one at a time starting with Bund. The following is his complete PM to me unedited:

just donated 10btc to the bitcoin100

Is it safe to assume, Rassah, that we are currently at BTC72.29289276 (now +1 = BTC73.29289276), thus needing only ~BTC27 to reach the BTC100 goal?

Regarding the accounting aspect I, and hopefully the entire community, have faith in you to decide what is best and easiest on your part to keep track of the donations.

Also, oldschool donated BTC1.411 via a PM to me. I thanked him at the time of the donation, but doing it again publicly: Thanks, oldschool, for your kind donation. Split this up 1.00/.411 (for the next charity). After posting this post, I'm going to update the list in the OP of this thread and add a couple names to the list on the website.

I told you I'd be donating when I got some bitcoins together... well, my first donation of 1.411 is coming your way!

This should take care of the immediate housekeeping.

Once again, thanks to all who are about to donate whatever you can to the current cause--BUND Berlin e.V.

Regards,

~Bruno K~
Phinnaeus Gage
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December 10, 2012, 11:25:44 PM
 #1080

..sent two bitcoins to the 1btc100 adress. One for BUND, one for the next one (or to the half-related project recently, I almost forgot about that one)

f199850391d9feb44ea35e54b0b91f58351149ffffedfbac0fc9446045a422fa

Ente

I just wanted to thank you again, Ente, for your donation. Regarding the BTC2 you donated, one is going toward Bund and the other will be allocated to the next charity unless Rassah corrects me.

I've finished updated the list in the OP of this thread and will now add oldschool and coderr's names to the list on the official website.

~Bruno K~
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