Becoming a Forum Supporter by Donating Bitcoin

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toffeestillidie

Player Valuation: £35m
D/D, have you considered this option?

I don't know if either of you are familiar with Bitcoin, but it's a very simple system, at least from your end.

If you're not familiar with it, it's basically an online currency that floats relative to other world currencies, it's growth is controlled by computer software, and transactions are processed by people who contribute their computer's processing power.

That's the super basic overview, you can find out more at https://bitcointalk.org/index.php?topic=9430.0 or https://www.weusecoins.com/


Anyways, if you wanted to accept donations in Bitcoin, it would be very simple. First you would just go to blockchain.info and make a bitcoin "wallet". For this wallet, you can generate a virtually unlimited amount of "receiving addresses."

So you could easily make a protocol where I send a message saying that I wish to contribute to the forum. You generate a new receiving address for me, and send me that address. I send Bitcoin to the address, and once the transaction clears, you can upgrade my status to 'forum supporter'

Once you've received my Bitcoin, there are a number of exchanges where you can trade them for pounds, and I believe there are some services that will instantly convert your Bitcoins to GBP upon receipt.

Sorry if any of that is confusing, and I understand if you don't have the time to deal with something new like this, but I've been trying to stay away from services like PayPal after hearing so many horror stories, and as I have a fair number of Bitcoin on hand, this would be an easy way for me to contribute to the forum.
 


I seriously doubt GOT's host (or any host, for that matter) accepts Bitcoins as payment and I would assume that's what most of the money from subscriptions goes to pay for.

Should have been more clear, once they receive bitcoin, the site owners could convert it to cash through any one of several different services, and spend it however they wish, including paying the site hosts.
 
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Bitcoins are a worthless commodity

Like Gold or british pounds or euros, they have fiat value in so far as the people that trade in Bitcoin (like me) believe they do.

They're only worthless when providers of goods and services stop accepting them. Fortunately we seem to be on the early part of the trend, as we've yet to see it hit anywhere near mainstream adoption.
 

Do they accept Ugandan Dollars.....

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Like Gold or british pounds or euros, they have fiat value in so far as the people that trade in Bitcoin (like me) believe they do.

They're only worthless when providers of goods and services stop accepting them. Fortunately we seem to be on the early part of the trend, as we've yet to see it hit anywhere near mainstream adoption.

No. They are only valued by a few areas of commerce, they devalue faster then any other currency too.
 
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