Quote from: Yatsan on March 13, 2020, 04:14:31 PM

Quote from: PeRo on March 13, 2020, 03:50:51 PM

It is good that you can donate Bitcoin, but cash is still a major payment method for donations. This will help, but if you really want to donate you can give cash, so I don't think it will help a lot, unless most people dom't use fiat.

As for my opinion, donating bitcoin would just ruin the institution or the charities plan. Imagine if these homes have 100 kids yet their bitcoin value in total could just afford to buy for 75, tomorrow 60 the next day 150. See my point? the volatility is really the problem on which we cannot really handle even a bit handy. Fiat is still the best means of donation, and it will not give added cost like transaction fees for conversion and can directly spend. On top of these things, who will donate bitcoin if the price could double the next week?

Quote from: Artemis3 on March 10, 2020, 03:12:14 PM

Reminder: Make your donations using 1 sat/B. They don't care if your donation reaches them today or tomorrow...

In fact i sustain that every bitcoin transaction should be done at 1 sat/B unless there is some sort of emergency. Say no to wallet traffic guessing nonsense, bitcoin transactions are cheap when you are in control.

So next time you wanted to gift $10 to someone, don't let the (idiot) wallet burn $5 to send, when a manual 1 sat/B fee could easily lower that to about 3¢.

I agree that you should use lower fees if your transaction doesn't need to be done right away, but 1sat/B is so low it would take a week or more to process the transaction. You don't need to give half of the transaction for fees, but don't be so cheap, 50 cents on a tx of 10$ isn't that bad, you wont go broke.
See the hassle if we donate bitcoin? Much better if we donate a direct object or ready to use stuffs. Transaction fees are harder to manifest with different phase of the market.

This is not true, 1sat/B rarely takes even a day, i have been doing 1sat/B transactions for the past year. You should try it more often, i have even had one such transaction confirm in 30 minutes, something like a couple of hours is more common. 6 hours is uncommon and more is rare.

There is no hassle in donating bitcoin, its simply getting their address and sending funds. In fact every other method is more cumbersome, and usually requires login, etc. The OP example is using a payment processor, which makes it overkill, but i guess that means they never get bitcoins but fiat.

"Fluctuation" is not an issue and humanity is going to learn this once their fiats start collapsing. Bitcoin is rock solid next to my country's fiat, for example. You live under an illusion thinking those top fiat coins can never collapse, you have already seen the US administration printing money to "aid" people giving them an universal wage. You think they could keep doing this forever and nothing happens? Every extra dollar you add that wasn't before is building pressure for a massive inflation, they have extra leverage compared to most countries, as too many foolishly trust the USD but even the USD isn't immune to collapse, its a time bomb that's ticking, and when it crashes it will pull down many other fiats with it.

Look at bitcoin staying around 7k during this pandemic, while everything else went down. Its an excellent performer. People will learn to save in bitcoin and don't pay attention to daily, weekly or monthly fluctuations. Look further ahead and average the price. Fluctuation is a symbol of freedom.