Quote from: Ente on November 24, 2012, 11:08:24 PM

Quote from: Stephen Gornick on November 24, 2012, 10:15:45 PM

I just happened across something that is possibly disturbing to me:

Quote

Bitcoin 100 will gladly donate 100 bitcoins (100 BTC), approximately $1,200 USD (current exchange rate), to your venerable organization. There is only one tiny string attached prior to us contributing said donation. The caveat I speak of has already been accepted by a couple other non-profits of which I'll provide proof momentarily.

- https://bitcointalk.org/index.php?topic=127522.0

How long after they put this donation badge on their website do they receive the 100 BTC? (i.e., if they add this they do then right away receive the funds?)

Well, I personally find your quote a bit too dramatic. It's no big deal to put up a new donation option/adress. This quote makes it sound like selling your soul to the devil or the like..

Quote from: psy on November 23, 2012, 10:54:00 PM

Took me 1 hour to find on my dual core laptop with vanitygen.
https://blockchain.info/address/1LPofATXV8gjuWu24v591YmGFn828k3wZV

As soon as that transaction confirms the firstbits for 1LPofA will be taken.

Great. With this hasty move you removed every option to generate that vanity adress with provable "only we have the priv key" for them.
People may trust you here. Donations may be a small sums game.
But you might be shocked to learn that real business (tm) might not accept to have a funds accepting account where some stranger(s) have unlimited access to. I don't even believe that bitpay would want to touch this adress.
However, there are unlimited more adresses with those starting bits. Not with those firstbits though.

Ente

I'm not exactly sure what Stephen's concern is about, but if I didn't address it properly, I'm sure he'll readdress the issue.

As far as the address and private key are concerned, I'm under in the impression that the address can be passed and a new private key (password) can be hashed. Somebody correct me if I'm deeply mistaken here.

~Bruno K~

EDIT: (we cross-post)

Quote from: Stephen Gornick on November 24, 2012, 11:24:06 PM

Quote from: Phinnaeus Gage on November 24, 2012, 10:54:03 PM

Shortly after they have done such, as we've done previously for two other charitable organizations. There may be a little lag time, but not much.

Ok, sorry. I was concerned that the funds would need to be collected from pledges first and the possibility that the deal might not be honored in a timely manner if collections fell short.

To be fair, even though there are well over 100 bitcoins in the current pool, that does not necessarily mean that there's a 100 BTC immediately available, therefore your concern is warranted. The bottom line is that once LPA accepts, we will know how short we are and a quick fund drive should get the desired amount up to snuff.