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Author Topic: Does anyone keep track of all Donations the are made to Charity Organizations?  (Read 752 times)
BitcoinPorn
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December 16, 2011, 10:30:03 PM
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I was reading things in the archive.org thread but was wondering in a general way is cashing out all donated funds not a necessary thing to ensure that a certain set rate is established when people donate their Bitcoin?

I guess it could be up to each organization, but is this something that all of you who are approaching these places making sure they really understand this point.  I know the market has been steady as of recent, but that means shit, and I'd hate for a bunch of people to "loose faith" in Bitcoin or even just in helping causes because whatever said cause did not realize what they were given was worth $3000 today, and $300 the next minute.

Sorry again for not replying in the archive.org thread, but I thought this would apply to more if people are checking the blockexplorer and showing they are sitting on Bitcoin, making it pretty valueless unless they at the very least exchange it for that fiat right away.   Sorry for all you hardcore that wish for all donated funds to be spent directly back in Bitcoin, I say one step at a time and make sure no one feels like they got ripped off because of ignorance.

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December 16, 2011, 10:44:56 PM
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bitcoin-charity handles the conversion for their charities. archive.org could use bit-pay for example. bit-pay doesn't charge fees to process the coins for some institutions.
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December 17, 2011, 02:30:20 AM
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Bitcoin100 will have a defence mechanism in place to educate, if you will, the nonprofit organizations on how to best handle their newly found wealth.

~Bruno~

Bitcoin100: 1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac
Attention Non-profits: By choosing Bitcoin as a donation option, you'll incur no transfer fees, thus receiving 100% of donations in kind, thereby keeping in the spirit of giving--to those in need.
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