Topic: [2017-11-14]Donors Use Bitcoin for Tax Benefits and to Keep Tabs on Spending[NYT (Read 1923 times)
November 14, 2017, 12:57:27 PM
I don't think that it would really have an affect on attracting people to use Bitcoin on what he just did luckily it was picked up as a news by the nytimes. People using Bitcoin as a payment will most likely not create or raise awareness for it won't clear anything up or explain something to other people who might see it. What he did by donating Bitcoin to Red Cross will be considered as a waste of position in Bitcoin, he should just have used his U.S. Dollars in the first place.
November 14, 2017, 12:42:22 PM
https://www.nytimes.com/2017/11/06/business/bitcoin-charity-donations.html?_r=0
Like many Americans, Brad Hines spent much of September watching hours of hurricane coverage on television.
For Mr. Hines, a digital marketing strategist in Boston, the storms hit close to home: Several family members in Florida were affected by Hurricane Irma. As the devastation unfolded, he opened his computer and donated money to the Red Cross, but it was not in cash.
He gave in Bitcoin, which the Red Cross has been accepting since late 2014. He could have donated dollars, but, he said, the more he can use the cryptocurrency for buying goods and giving to charity, the more it will be used by others.
“I want to pitch in and help get the currency adopted,” he said. “And it’s also fun to use.”
It was his first donation with Bitcoin, the virtual currency that was created in 2008, but it will not be his last. As more charities accept digital currency, the more likely he will open his virtual wallet instead of his physical one, he said.
Like many Americans, Brad Hines spent much of September watching hours of hurricane coverage on television.
For Mr. Hines, a digital marketing strategist in Boston, the storms hit close to home: Several family members in Florida were affected by Hurricane Irma. As the devastation unfolded, he opened his computer and donated money to the Red Cross, but it was not in cash.
He gave in Bitcoin, which the Red Cross has been accepting since late 2014. He could have donated dollars, but, he said, the more he can use the cryptocurrency for buying goods and giving to charity, the more it will be used by others.
“I want to pitch in and help get the currency adopted,” he said. “And it’s also fun to use.”
It was his first donation with Bitcoin, the virtual currency that was created in 2008, but it will not be his last. As more charities accept digital currency, the more likely he will open his virtual wallet instead of his physical one, he said.
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