On 13 December 2013 14:00, David Gerard <dgerard(a)gmail.com> wrote:
On 13 December 2013 11:43, Steven Walling
<steven.walling(a)gmail.com>
wrote:
Who's to say if the work involved in
accepting bitcoins, monitoring
transactions, converting them, etc. will be worth the actual donations we
receive in bitcoin? Developing and maintaining payments systems doesn't
come for free. Fundraising and finance staff at WMF work extremely hard
to
keep these systems running smoothly, and I for
one don't think it's worth
adding yet another potential system to build/maintain just to placate
bitcoin devotees who want us to help promote their libertarian fantasy
project.
This is probably the key point: will it be worth the resources? How do
comparable charities that accept Bitcoin do?
I'm sceptical about Bitcoin in general, but if it was worth it, then sure.
(If you have reliable payment conversion, the acceptance bit is easy.
Hardest bit is someone to supply reliable and trustworthy conversion
from Bitcoins to dollars. e.g. Mt. Gox wouldn't pass the sniff test
IMO. Some Bitcoin operations are *terrifyingly* naive, as if
financial-quality computer system reliability had never been thought
of.)
- d.
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Anecdotally:
From Reddit in March this year (not sure whether the
situation has changed
or not)
"So far we're spending more money on accountants handling the non-trivial
reconciliation of our BTC transactions than revenue we're making in
Bitcoin, haha. Hopefully it will get better."
http://www.reddit.com/r/Bitcoin/comments/19t3uq/hey_rbitcoin_you_asked_for_…
From the Humble Indie Bundle (a collection of indie
computer games)
"It [bitcoin] represents less than 0.1% of our sales for Humble
Indie
Bundle 8, which is pretty surprising for me"
http://www.reddit.com/r/IAmA/comments/1fex7h/were_humble_indie_bundle_8_cre…
Peter / the wub
(speaking in a strictly personal capacity)