Topic: Occupy Wall Street General Assembly Money Bomb! (Read 4076 times)
5 BTC
5 sent too!
5 BTC sent.
The best way for the GA to use bitcoins is to spend them. Hopefully they also received a list of sellers who accept bitcoin. It would be dumb for them to try converting them into dollars, they should just order what they need online and use the coins as they were designed.
i saw a story on CNN that wepay.com was being used to fund the protest. they were interviewing the ceo. I was thinking "dam, why can't that be Gavin being interviewed about all the BTC tumbling in?"
Yifu's statement is true in some regards, he have spoken to Martin as well, and especially with the Food and Finance group so far the Bitcoins is not being used towards GA at all, and internal GA communication about Bitcoins has been rather poor. there's currently no plans to utilize the Bitcoin funds, however exposure had happened and many Groups has been aware of Bitcoin's involvement and are now thinking of ways to use it.
Thanks for more news from the ground, Disposition, and I'm glad they're trying to find the best way to use the coins rather than just cashing out quickly. I hope at least of the protesters realize that deriding big banks while simultaneously receiving donations through Mastercard and VISA is, shall we say, a suboptimal arrangement. And speaking as a donator, I like the the fact that my bank doesn't know that I've donated money to OWS.
As far as the fundraiser, I matched the 19 donated since the challenge and a bit more by kicking in another 25, bringing the total to 423 btc on the address. Thanks to everyone that donated! I'll update this thread if I hear anything about what the coins were used on.
I received confirmation that all donations go directly into the GA fund, and also great news that he'll try to keep them in the economy (GA approval pending, of course - no amount over $100 can be spent without GA approval IIRC).
Martin's reply in full:
"Thank you for your effects on fund raising, your effort are appreciated. Let me know if I can do anything to help.
All funds will go directly into the general fund.
I'm also advocating to keep the bitcoins in the bitcoin economy so if given approval I think a disproportional amount for bitcoins will go towards tech things like hosting, VPN's and other services that can be directly bought with bitcoins. This said it will still be viewed as part of the general fund.
"We've raised about another 100 bitcoins, or $400, in the past day."
It is almost overwhelming to see people helping out! This is so very encouraging!
Keep Fighting,
-Martin"
We've been noticed, and we're creating hard numbers that can be used to justify the use of bitcoin. Lookin' good!
I'll match all donations in the next 24 hours, up to a maximum of 60 more bitcoins, which would bring donations up to an even 500 bitcoins. Donations are at 379 bitcoins right now. Any takers?
Martin's reply in full:
"Thank you for your effects on fund raising, your effort are appreciated. Let me know if I can do anything to help.
All funds will go directly into the general fund.
I'm also advocating to keep the bitcoins in the bitcoin economy so if given approval I think a disproportional amount for bitcoins will go towards tech things like hosting, VPN's and other services that can be directly bought with bitcoins. This said it will still be viewed as part of the general fund.
"We've raised about another 100 bitcoins, or $400, in the past day."
It is almost overwhelming to see people helping out! This is so very encouraging!
Keep Fighting,
-Martin"
We've been noticed, and we're creating hard numbers that can be used to justify the use of bitcoin. Lookin' good!
I'll match all donations in the next 24 hours, up to a maximum of 60 more bitcoins, which would bring donations up to an even 500 bitcoins. Donations are at 379 bitcoins right now. Any takers?
Yifu's statement is true in some regards, he have spoken to Martin as well, and especially with the Food and Finance group so far the Bitcoins is not being used towards GA at all, and internal GA communication about Bitcoins has been rather poor. there's currently no plans to utilize the Bitcoin funds, however exposure had happened and many Groups has been aware of Bitcoin's involvement and are now thinking of ways to use it.
I dont know exactly when the 24 hours started. but at least 15 were added.
At 379 now, 18 more than from my challenge email, so it looks like I can match _all_ bitcoin donations to the address, not just those on this thread. Final call, any more donations before I match? I suppose all donations are timestamped in the blockchain, yet another handy thing about bitcoin transactions.
I dont know exactly when the 24 hours started. but at least 15 were added.
Another 10BTC sent. Let's do this thing.
as soon as I get home, I will send more.... awsome .
edit: 5 btc sent!
edit: 5 btc sent!
I received confirmation that all donations go directly into the GA fund, and also great news that he'll try to keep them in the economy (GA approval pending, of course - no amount over $100 can be spent without GA approval IIRC).
Martin's reply in full:
"Thank you for your effects on fund raising, your effort are appreciated. Let me know if I can do anything to help.
All funds will go directly into the general fund.
I'm also advocating to keep the bitcoins in the bitcoin economy so if given approval I think a disproportional amount for bitcoins will go towards tech things like hosting, VPN's and other services that can be directly bought with bitcoins. This said it will still be viewed as part of the general fund.
"We've raised about another 100 bitcoins, or $400, in the past day."
It is almost overwhelming to see people helping out! This is so very encouraging!
Keep Fighting,
-Martin"
We've been noticed, and we're creating hard numbers that can be used to justify the use of bitcoin. Lookin' good!
I'll match all donations in the next 24 hours, up to a maximum of 60 more bitcoins, which would bring donations up to an even 500 bitcoins. Donations are at 379 bitcoins right now. Any takers?
Martin's reply in full:
"Thank you for your effects on fund raising, your effort are appreciated. Let me know if I can do anything to help.
All funds will go directly into the general fund.
I'm also advocating to keep the bitcoins in the bitcoin economy so if given approval I think a disproportional amount for bitcoins will go towards tech things like hosting, VPN's and other services that can be directly bought with bitcoins. This said it will still be viewed as part of the general fund.
"We've raised about another 100 bitcoins, or $400, in the past day."
It is almost overwhelming to see people helping out! This is so very encouraging!
Keep Fighting,
-Martin"
We've been noticed, and we're creating hard numbers that can be used to justify the use of bitcoin. Lookin' good!
I'll match all donations in the next 24 hours, up to a maximum of 60 more bitcoins, which would bring donations up to an even 500 bitcoins. Donations are at 379 bitcoins right now. Any takers?
that link, as stated on the site, is managed by the Live Stream group of GA, and currently plays no role in GA as a whole.
Yifu Guo is working on with the Finance, Food and Open Source group to get Bitcoin integrated into OWS in a meaningful and helpful way.
Just an FYI: but calling it the "Occupy Wall Street General Assembly" is rather misleading.
Yifu Guo is working on with the Finance, Food and Open Source group to get Bitcoin integrated into OWS in a meaningful and helpful way.
Just an FYI: but calling it the "Occupy Wall Street General Assembly" is rather misleading.
Thanks for the heads up, but are you sure? This page seems to indicate otherwise:
http://nycga.cc/2011/09/19/bitcoin/
"Our donation needs at present include for food, gas and internet service.
The link above is for the general fund and can be applied to any need. We will soon have bitcoin addresses for specific funding needs."
I personally don't mind if donations end up earmarked for the Live Stream group - it's just one of many OWS expenses - but I do like to be accurate.
edited to add: I've emailed Martin at the address listed to see if I can learn more.
There is no ideology pegged to Bitcoin.
That may or may not be true.
Quote from: Genesis Block
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
Really, Bitcoin is about as political as the average open source project. Sure, to some people everything is political, others just use the free stuff for their needs and are happy
Quite the opposite. The core of all political systems is the banking system. Private for-profit central banks are anathema to freedom. Satoshi Nakamoto obviously developed bitcoin as a technological solution to the problem with private for-profit banks. The bitcoin computer network may evolve into different forms, but fundamentally it will be decentralized.
that link, as stated on the site, is managed by the Live Stream group of GA, and currently plays no role in GA as a whole.
Yifu Guo is working on with the Finance, Food and Open Source group to get Bitcoin integrated into OWS in a meaningful and helpful way.
Just an FYI: but calling it the "Occupy Wall Street General Assembly" is rather misleading.
Yifu Guo is working on with the Finance, Food and Open Source group to get Bitcoin integrated into OWS in a meaningful and helpful way.
Just an FYI: but calling it the "Occupy Wall Street General Assembly" is rather misleading.
I have sent some already, but when I get home tonight I'll kick in some more.
There is no ideology pegged to Bitcoin.
That may or may not be true.
Quote from: Genesis Block
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
Really, Bitcoin is about as political as the average open source project. Sure, to some people everything is political, others just use the free stuff for their needs and are happy
I hope that it is possible to make the point that, as a percentage of the currency base, the donations in Bitcoin have been fairly generous compared to that of USD.
10BTC sent.
Few bucks sent
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