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Topic: Bitcoin 100: Developed Specifically for Non-Profits - page 80. (Read 262769 times)

legendary
Activity: 1680
Merit: 1035
FYI, the wallet is now running in a secure Linux environment (was in an encrypted Windows folder before, though I run AVG and Malwarebytes, and haven't had a virus or trojan in my life ever). That wallet total is also now worth about $2,000USD (including funds I'm storing for those who asked). That's a lot of money. I sure hope someone asks me to do something with it soon...  Embarrassed
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Ledger at http://bit.ly/sgUtZo updated/reconciled. We apparently got another 2.012 donation to the Ron Pal address. Someone should do something about that...

How's the progress on the web site coming along? The topic here keeps getting buried in the new threads.
website, website website!  i wold love to be able to post a list of contacted parties and their replies, if any, to the site!

Update; no replies yet. In light of the time of year that it is, I am going to resend out to the first 6 and if no word back by Monday, Jan. 23rd then I will work on the next 5 in the list.

cheers

That'll sounds great, Derek. I'll be working on the site all day today.

~Bruno~
hero member
Activity: 504
Merit: 500
Ledger at http://bit.ly/sgUtZo updated/reconciled. We apparently got another 2.012 donation to the Ron Pal address. Someone should do something about that...

How's the progress on the web site coming along? The topic here keeps getting buried in the new threads.
website, website website!  i wold love to be able to post a list of contacted parties and their replies, if any, to the site!

Update; no replies yet. In light of the time of year that it is, I am going to resend out to the first 6 and if no word back by Monday, Jan. 23rd then I will work on the next 5 in the list.

cheers
legendary
Activity: 1680
Merit: 1035
Ledger at http://bit.ly/sgUtZo updated/reconciled. We apparently got another 2.012 donation to the Ron Pal address. Someone should do something about that...

How's the progress on the web site coming along? The topic here keeps getting buried in the new threads.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Somebody donated 9 BTC to the pot a few days ago. Anyone wants to fess up?

I caught the tater!

Just gave 9 BTC, 5 from https://bitcointalksearch.org/user/chunglam-38991 and 4 from me.

Good luck Smiley

Thank you, AniceInovation and chunglam, for your kind donation. The Bitcoin100 list has been updated. https://bitcointalksearch.org/topic/m.627057



legendary
Activity: 1680
Merit: 1035
Somebody donated 9 BTC to the pot a few days ago. Anyone wants to fess up?
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Bruno, did you notice that in the Charity List thread, Anice(sp?) added her and a friend's donations to Bitcoin100?  That puts us over 100 people now!!  Grin

btw, will update on what was sent out last and gear up for the next round here soon(tm).

cheers

I saw it, but then spaced it off. Was all caught up with ChicagoCabbie and the upscale French restaurant that's being remodeled with some of my wood which needed me in The Windy City going on four days total now. Will have this all updated in a few. Thank you, Derek.

~Bruno~
sr. member
Activity: 448
Merit: 250
I hope that the fact that the search box only searches within the current post/subforum isn't lost on anyone. So to search the entire forum make sure you're at "home" or otherwise not in any post/subforum.

I had no idea.  Thanks!

Now you can take your internet policing to a whole new level!
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
Aww. This sucks. Mods took down my gag mybitcoin.com thread Sad
sr. member
Activity: 308
Merit: 250
I hope that the fact that the search box only searches within the current post/subforum isn't lost on anyone. So to search the entire forum make sure you're at "home" or otherwise not in any post/subforum.

I had no idea.  Thanks!
hero member
Activity: 504
Merit: 500
Bruno, did you notice that in the Charity List thread, Anice(sp?) added her and a friend's donations to Bitcoin100?  That puts us over 100 people now!!  Grin

btw, will update on what was sent out last and gear up for the next round here soon(tm).

cheers
donator
Activity: 2058
Merit: 1054
To get up to speed, read the ChicagoCabbie thread.


What is this?  Nothing comes up in search.  Does this have to do with a charity?

Sorry for the confusion, RaggesMonk. You're right! It doesn't come up in search if you use the white search box in the top right. But if you use the other search box located in menu tab, it comes up. Rassah has been on vacation for a couple weeks, therefore my reply was a quick hodgepodge of ideas/comments/questions directed toward him. Forgive me for not answering this, myself, earlier, but I was in Chicago having dinning with the Chicago Cabbie.

~Bruno~
I hope that the fact that the search box only searches within the current post/subforum isn't lost on anyone. So to search the entire forum make sure you're at "home" or otherwise not in any post/subforum.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
To get up to speed, read the ChicagoCabbie thread.


What is this?  Nothing comes up in search.  Does this have to do with a charity?

Sorry for the confusion, RaggesMonk. You're right! It doesn't come up in search if you use the white search box in the top right. But if you use the other search box located in menu tab, it comes up. Rassah has been on vacation for a couple weeks, therefore my reply was a quick hodgepodge of ideas/comments/questions directed toward him. Forgive me for not answering this, myself, earlier, but I was in Chicago having dinning with the Chicago Cabbie.

~Bruno~
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
I believe 2012 will be a great year for Bitcoin100 and Bitcoin in general. I think it's natural that this project slowed down a bit during the Christmas / New Year period. I just came back home from a two week vacation, didn't use much Internet when I was abroad. I now have more time to help with this project, if required.
edd
donator
Activity: 1414
Merit: 1002
To get up to speed, read the ChicagoCabbie thread.


What is this?  Nothing comes up in search.  Does this have to do with a charity?

https://bitcointalksearch.org/topic/chicagocabbie-rashid-temuri-is-now-a-proud-member-of-bitcointalk-56534

No charity, just a cabbie in Chicago who seems interested in accepting bitcoins.
sr. member
Activity: 308
Merit: 250
To get up to speed, read the ChicagoCabbie thread.


What is this?  Nothing comes up in search.  Does this have to do with a charity?
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
I'm back from my vacation. 100BTC is now $600 to $700, instead of $250. Does anyone have any plans to do anything with the stash yet? What's the progress on contacting charades? Please don't let this project die. There is already a lot of bitcoin committed to it.

Welcome back, Rassah. I'm on my way to Chicago to meet up with Rashid. Any relation? To get up to speed, read the ChicagoCabbie thread. No worry about this dieing. sadpandatech sent out 5 more emails and we're waiting for replies. Remember, we still have 90 (or is it 95 or 99) in another wallet to seed other pools. How was your vacation?

~Bruno~
legendary
Activity: 1680
Merit: 1035
I'm back from my vacation. 100BTC is now $600 to $700, instead of $250. Does anyone have any plans to do anything with the stash yet? What's the progress on contacting charades? Please don't let this project die. There is already a lot of bitcoin committed to it.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
  • Lag time in getting funds into nonprofit's own bank account     No lag time to speak of!
How do you get fiat into the nonprofit's bank account with "no lag time to speak of?" Sure the bitcoin transfer takes 10 minutes to confirm, but I pretty much guarantee they need fiat to run.  It takes time to get fiat from bitcoin that is spendable.  How fast can Mt. Gox (or any other exchange) transfer out?  Most bank transfers take 3-5 days so we are back where we started.

I've said this before, but it's worth repeating, albeit a different wording. At the onset, the amount of bitcoins a nonprofit would amass may not be worth converting over to fiat, even if it's $200-$500. There's plenty of Bitcoin-accepted-here businesses providing products and services that any company would need for their everyday operations: paper supply; ink cartridges; printer; new laptop; coffee from BitBrew; #2 pencils; pens; envelopes; other mailing supplies; etc. These, among others, is what they normally purchase with fiat via a check from their bank having the available funds on deposit from donations via cash, credit cards, PayPal, etc.

~Bruno~
hero member
Activity: 742
Merit: 500
  • Lag time in getting funds into nonprofit's own bank account     No lag time to speak of!
How do you get fiat into the nonprofit's bank account with "no lag time to speak of?" Sure the bitcoin transfer takes 10 minutes to confirm, but I pretty much guarantee they need fiat to run.  It takes time to get fiat from bitcoin that is spendable.  How fast can Mt. Gox (or any other exchange) transfer out?  Most bank transfers take 3-5 days so we are back where we started.
Bit-Pay....

How do I get paid in Dollars?   

At this time, payments in US Dollars can only be made to a US Bank account.

Payments in US Dollars are made directly to your US Bank Account via ACH direct deposit.

An ACH deposit is sent to your bank account EVERY BUSINESS DAY to clear out your accumulated balance. There is no need for bit-pay to hold balances for a week or more.

ACH payments will appear on your bank statement as BIT-PAY LLC: VENDOR PAYMENT.

Bit-pay will deduct our processing fee from each merchant payout. Our fee is 2.99% which is all-inclusive for processing, conversion, and transfer.

The minimum payout is 20.00 USD. If your daily total is less than this minimum, your balance will carry forward to the next day.

Each daily ACH payment sent will appear in your bank account after three business days. If you want to receive next-day ACH for an additional $10 fee, please contact our Accounting department.

The bold parts make bitpay seemingly exactly the same as other services that handle fiat directly.  bitpay just makes it so the vendor doesn't have to worry about converting the coins themselves.  It does nothing to remove the 3 day wait or the 3% fee that comes with fiat.  Although they do offer no fees to charity which is what we are talking about here.
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