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grondiluOffline
Post subject: Donations using bitcoins  PostPosted: 02.10.2010, 05:45



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Hi guys,

currently I can see on the Donation page that Aptosid only supports Paypal for donations. This breaks my heart, since I very much dislike Paypal.

Recently I discovered an electronic currency created in 2009 : Bitcoin.

http://www.bitcoin.org

In short, it's fully decentralized cryptographic commodity, very much suitable as a currency. One bitcoin presently can be exchanged for about 0.05$.

Normally in order to own bitcoins, one has to run the software (licence MIT, currently in preparation for sid) on her computer. It's also possible to create an account for use on line, with no installation what so ever.

http://www.mybitcoin.com

It's great for beginners. Registration takes about 10 seconds.

What ever method you chose, once it's done all you have to do is to put your bitcoin address somewhere on your webpage.

A bitoin address looks like this :

1B2iTej3NC4LPL3PhSZiFBdB4chqZrNuck

(this one is one of mines).

If you're afraid not being able to sell your bitcoins, I'll buy them to you. I'll buy every blocks of 1000BTC you'll make for 20$.
 
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devilOffline
Post subject: RE: Donations using bitcoins  PostPosted: 02.10.2010, 06:24



Joined: 2010-08-26
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once we are setup with SPI to collect donations for us, we will have more ways to donate. this will take another ~ 2 weeks to be accomplished.
there is also different micropayment services, like the above, that we could think about.

greetz
devil
 
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grondiluOffline
Post subject: RE: Donations using bitcoins  PostPosted: 22.10.2010, 13:55



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Well, it's been more than 2 weeks and I still see that Paypal is your only way of accepting donations.

I'd like to insist a bit and renew my offer to buy all bitcoins you'll collect.

Please consider it again. It won't cost you anything, it will take a few minutes, and all you'll have to do will be to paste a bitcoin address in your "Donate!" web page. No javascript or whatsoever. Just a plain text ASCII chain in your page.
 
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devilOffline
Post subject: RE: Donations using bitcoins  PostPosted: 22.10.2010, 14:29



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i am in the process of setting up things with SPI. should be done in a few days. then we can think about other ways as well.
unfortunately noone else has said anything here about bitcoin? does anyone have experience with this?

greetz
devil
 
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mauriceOffline
Post subject:   PostPosted: 22.10.2010, 20:56



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What's essential about bitcoin is that you don't need to register at some website - it's fully decentralized. The difficulty to explain comes from the fact that there wasn't such technology available until now. Sounds bold, but deserves some more reading at http://www.bitcoin.org/faq/
 
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grondiluOffline
Post subject:   PostPosted: 22.10.2010, 21:19



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      maurice wrote:
What's essential about bitcoin is that you don't need to register at some website - it's fully decentralized. The difficulty to explain comes from the fact that there wasn't such technology available until now. Sounds bold, but deserves some more reading at http://www.bitcoin.org/faq/


I would also recommend the original white paper from the designer :
http://www.bitcoin.org/bitcoin.pdf

It's rather technical, but I guess most people here will be perfectly able to understand it.

Now, I know that bitcoin is a bit more than just a technical solution for transferring value other the web. It has some political, even philosophical issues. But it is also a very pragmatic solution for efficient and simple donation system. I very much think the aptosid community would honnor itself by being one of the first linux distribution to propose this method of donation.
 
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hubiOffline
Post subject:   PostPosted: 22.10.2010, 22:07
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What's the currency rate between Bitcoin and Euro?

hubi

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hubiOffline
Post subject: Re: Donations using bitcoins  PostPosted: 22.10.2010, 22:16
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Ah! I was blind.
      grondilu wrote:
One bitcoin presently can be exchanged for about 0.05$.
[...]
I'll buy every blocks of 1000BTC you'll make for 20$.

Out of 50 USD donation you make 30 USD.

Good deal.

For you.

My personal opinion is ***censored***

hubi

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Last edited by hubi on 22.10.2010, 22:19; edited 1 time in total
 
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slhOffline
Post subject:   PostPosted: 22.10.2010, 22:17



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An inflation of different donation methods quickly exceeds its advantages, as all of these micropayment options have their own fees and need to be managed correctly (and legally).

Looking at the FAQ describing the particular micropayment method under discussion here sounds like a bad hoax or pyramide game; either that or the vendor makes a very bad effort to describe its usage.
 
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grondiluOffline
Post subject: Re: Donations using bitcoins  PostPosted: 22.10.2010, 22:49



Joined: 2010-10-02
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      hubi wrote:
Ah! I was blind.
      grondilu wrote:
One bitcoin presently can be exchanged for about 0.05$.
[...]
I'll buy every blocks of 1000BTC you'll make for 20$.

Out of 50 USD donation you make 30 USD.

Good deal.

For you.

My personal opinion is ***censored***

hubi


I'm not trying to fool anyone. I explicitely mentionned both prices : my bid and the market price.

I'm just offering a sure way to sell bitcoins, in case aptosid don't find buyers at .05$.

0.05$ is just an indication of price, it can vary significantly. Actually it is currently 0.1$.

What I do is guarantying a 0.02$ price. Of course, if aptosid can find a better price, it can go for it.
 
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natelwinOffline
Post subject:   PostPosted: 23.10.2010, 00:22



Joined: 2010-09-11
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Watto: How are you going to pay for all this?
Qui-Gon Jinn: I have twenty thousand Republic dataries.
Watto: Republic credits? Republic credits are no good out here. I need something more real.
Qui-Gon Jinn: I don't have anything else...
{waves hand}
Qui-Gon Jinn: But credits will do fine.
Watto: No, they won't-a.
{Qui-Gon waves his hand more firmly}
Qui-Gon Jinn: Credits will do fine.
Watto: No, they won't-a. What? You think you're some kind of Jedi, waving your hand around like that? I'm a Toydarian. Mind tricks don't work on me. Only money. No money -- no parts, no deal!
 
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hubiOffline
Post subject: Re: Donations using bitcoins  PostPosted: 23.10.2010, 08:15
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      grondilu wrote:
I'm not trying to fool anyone.
[...]
0.05$ is just an indication of price, it can vary significantly. Actually it is currently 0.1$.

What I do is guarantying a 0.02$ price.

Even better. A donation of bitcoins worth 100 USD makes you 80 USD.

No wonder you are so keen on it. That's what I call a decent financial cut for the "broker".

I'm not responsible for donations to aptosid but being a moderator of this forum I start to regard your posts as commercial spam.

hubi

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hubiOffline
Post subject: RE: Re: Donations using bitcoins  PostPosted: 23.10.2010, 08:54
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More research.

bitcoin.org is registered anonymously in Japan.
mybitcoin.com is hidden behind privacyshark.com in Nevis (Kansas, USA)

Quote from the main page of bitcoin.org:
      bitcoin.org wrote:
The total eventual circulation of Bitcoins will be 21 million coins. There will never be more coins than that.

That is: if every citizen of Romania has one bitcoin the market is saturated and every citizen of Romania has a bitcoin being worth 10 US Cent (if they can cash that).

The whole thing seems to be a huge speculation scam based on the hope that the exchange rate of this scarce "currency" is exploding. Hence the aggressive "marketing" flooding forums since May this year.

If there were vendors in Austria selling/buying bitcoins I might be inclined to have it investigated by prosecutors if a case of fraud is being established.

I strongly recommend that aptosid will not use this way of donations.

hubi

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slamOffline
Post subject: RE: Re: Donations using bitcoins  PostPosted: 23.10.2010, 10:03
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As I learned today, the case is already under investigation by US prosecutors, please everyone stop to link to this scam program. If you are involved there already, get out of it as fast as possible.
Printing and selling your own currency is a a crime as old as the usage of money itself. Wink
Greetings,
Chris

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grondiluOffline
Post subject: Re: Donations using bitcoins  PostPosted: 23.10.2010, 10:26



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      hubi wrote:

Even better. A donation of bitcoins worth 100 USD makes you 80 USD.

No wonder you are so keen on it. That's what I call a decent financial cut for the "broker".

I'm not responsible for donations to aptosid but being a moderator of this forum I start to regard your posts as commercial spam.

hubi


Please reconsider what you're writting.

Of course if aptosid can sell their bitcoins at 0.1$/BTC, it would be silly to sell them to me at 0.02$. I'm just offering a safety net.

Bitcoin market is still very small in volume, so there are very few guarantee that aptosid could sell its bitcoins at the current market price.
I'm just trying to give volume and insurance in the market.

Feel free to consider this as a commercial spam if you want, but I think it's absurd, considering the fact that aptsosid has been using Paypal for ages. Paypal charges fares that are very much not insignifiant. I'm just suggesting competition.
 
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