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Author Topic: On Bitcoin donations  (Read 2165 times)
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April 17, 2012, 12:51:08 AM

Bitcoin will naturally have more acceptance first where it provides either a significant advantage (Silk Road) or can be enabled as a payment method with minimal investment and minimal risk (donations). It's obvious that major, or even middle-sized companies have a lot of things to take into account when considering Bitcoin. There could be investments required for staff training, staff hiring, bookkeeping, legal advice, hardware etc. For a simple donation address or button, none of these are much of a concern.

I have faith that Bitcoin will move up a tier or two in the coming years but it's important to realize that this development is slow.

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April 17, 2012, 04:08:20 AM

two cents coming in on this one...

it is up to each and every one of us to have personal conversations with those in our communities about bitcoin. even if listeners don't understand the first time, keep at it. the more you talk it through, chances are the more of your own questions you will answer Wink adopting a new currency takes time and perseverance, but its a relief knowing that it can all begin by p2p discussion.

@ the red cross reference... I would love to see donations to aid-based non-profits go toward jump-starting a new economy in a developing country/corrupt village instead of buying supplies. What I mean to say is that supplies for a struggling village is a bandaid. Give them a new p2p currency, and it becomes a digital barter type of system. The problem would be affordable clients, but tis not too far around the corner...

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