Topic: Announce: Bitcoin Donation Trust (http://bdtrust.se) - page 2. (Read 2030 times)

1. That is correct, we will only pay out to organisations that officially state that they accept bitcoins, until then we will accumulate until they cant say "No thanks" anymore.

2. See FAQ 11: What happens if an organisation never starts to accept bitcoins?
We have discussed refunds, and we might change our minds, we gladly listen to input. However, for now, the plan is to cover the fees for other charity targets with the funds of abandoned donation targets. This can be done automatically fairly easy and it will put all the funds back into charity without extra fees.

/roos

I like the initiative.

So if I understand correctly you don't convert them into fiat before donating and try to persuade charities to accept BTC?
What happens with the funds (BTC) when it takes to long for a company to accept them? Is there a refund after certain time period?
What happens with the funds in the meantime and why should we trust you?

Scanning through your FAQ, I think it would help if there is some kind of refund in case targets are not met. Then you have to gain my trust before I donate.

reserved

Would you like to spread the use and acceptance of Bitcoin?
Would you like to donate Bitcoins instead of fiat money to your favourite charities and projects?

Then Bitcoin Donation Trust is for you!
We will accumulate donated coins for organisations in a secure and transparent way until they officially start accepting bitcoins!

We know many of you have asked charities and non-profits, “I’d like to donate bitcoins, where can i send them?”. Be it WHO, wikipedia, UNICEF, the World Land Trust or many many others, the answer is the same. “Sorry, we don’t accept bitcoin, please send me your fiat money here!”.

Well, its rather easy to say “No thanks!” to a handful of satoshis when you are a large organisation that collects millions every year. This is where the Bitcoin Donation Trust comes into the picture. We´d like  round up those handfuls to piles of bitcoins until saying no thanks is not an option anymore.

On bdrust.se you will be able to:
1. Donate anonymously to different organisations, whether they accept Bitcoins or not.
2. Donate publicly so that you can show off your donations.
3. Suggest donation targets.
4. Track your donations through our secure transaction system.
5. See how much money that has accumulated from all donations to every target.
6. Track how bitcoins is payed out to the targets.
7. Write emails to the organisations telling them how much money they will receive as soon as they start to officially accept bitcoins.
8. Follow links to the blockchain for all the transactions on the site.

We are developing the site right now and you can’t donate real bitcoins to charities or organisations right now.

However, the Bitcoin Donation Trust prototype site is now live. You can now donate mock-up (testnet3) bitcoins to mock-up charities at http://bdtrust.se.

/Patrik Roos & Yann Vernier