Re: Wikipedia Raises 237 BTC Through Donations In One Week

@question authority: Wikimedia needs to sell those coins. Like they need to sell stock donated to them. Even if they'd love to hold them, they can't because of the structure of their foundation. Read it up..

I don't believe for one second that they bought Bitcoin for pennies and sold it later for a huge profit. If that were true why not just start accepting Bitcoin donations several years ago when they were first approached? Also, where did they exchange them? Do they have an address that can be checked? That's total BS. They finally know an easy way to get cash for them so they accept them now.

Wikileaks is still a very controversial enterprise and many payment processors does not want anything to do with them. Wikileaks would need to open an account on an exchange and open a bank account to receive the money to. Both the exchange and bank would become magnet for possible regulatory action/investigations that are unrelated to their dealings with wikileaks.

They also tried to start accepting BTC donations in the early days of BTC, but satoshi asked they not accept BTC donations because it would attract too much attention to BTC when BTC was too young.

Source?

finally found it.. it was on page 3. https://bitcointalk.org/index.php?topic=1735.msg26999#msg26999

Quote from: satoshi on December 05, 2010, 09:08:08 AM

Quote from: RHorning on December 04, 2010, 10:17:44 PM

Basically, bring it on. Let's encourage Wikileaks to use Bitcoins and I'm willing to face any risk or fallout from that act.

No, don't "bring it on".

The project needs to grow gradually so the software can be strengthened along the way.

I make this appeal to WikiLeaks not to try to use Bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.

Nice find. He was right after all Wink