Why only Bitcoin for Cryptocurrency donations?
MickeyMouse19 last edited by MickeyMouse19
There are many more currencies than Bitcoin. But that is all that is listed on the Ubuntu Touch website. Could the UbPorts team add donations via Request Network or Shape Shift or Kyber Network? It would broaden you list of Cryptocurrencies allowing more ways to donate.
advocatux last edited by
@mickeymouse19 there are more than 1500 cryptocurrencies nowadays [*] and we can't support everyone of them.
On the other hand, you can ask that same question without plugging those companies.
As Request Network and Kyber Network are partners, and Shape Shift is a bitcoin and altcoin conversion platform, that share some of the same investors with the mentioned companies, sorry if I'm wrong, but it looks to me that this is a spam post more than an honest question.
I mean, you aren't mentioning some random cryptocurrencies to make a point, you're promoting a group of companies.
Also TBH I doubt the real life value of many of those currencies. In the end we need to convert the donation into real money (which is by the way a tax problem also, since its hard to trace for financial governance and therefore considered as "money laundering" possibility which would be very bad for the foundation), so if we receive a donation on day x, and 2 weeks later the value has gone south, the donator has wasted his money, and we gain nothing.
Unfortunately crypto currencies are highly speculative, and so are IMHO not the right vehicle for donating to a foundation that has long-term goals.