Bitcoin as a donation option

I'd like to suggest Bitcoin Donations as a Official Donation method


Bitcoin you cannot chargeback and It would make logical market sense to open bitcoin donations instead of just Paypal.


I'd also like to ask if bitcoin donations could open to purchase S.V.U as-well.


I see alot of upside for these becoming possible, the main downside is obviously bitcoin can be unstable but its still money in your pocket regardless, and you can transfer it into USD/Cash almost instantly at quite a few sites.

I dislike Being charged out the ass for someone to donate for me, I'd rather do it myself and be done with it, so no, bond holders dont solve this issue like bogdan,etc.


The simplest way to do this would to simply consider the BTC being donated at the market price at that time, say -2%, sythe/matthew can then turn the bitcoin into Usd/cash/PP etc whenever they want.



I'd really like to appeal mainly to Matthew,reminding him not everyone has a paypal to donate, and bitcoin could be a good investment for sythe long-term.

 

It's not stable enough. You can use it to donate through bond holders.

 

Couldn't people just sell their bitcoins for pp usd, and donate that way?`bitcoin is indeed unstable, and would require for an admin, to edit the bitcoin donation system every week or so.

I remember back when i heard one bitcoin was 500-600 usd, now its 350.

 

Support, There are several payment services that take BTC. Implementing this wont even be difficult. Because those payment services payout in USD Sythe won't even lose any cash that way.

Also it being unstable can't be a reason to not take bitcoin donations because all payments are for donations... It doesn't cost Sythe anything to apply ranks.

 

Already been approved. http://www.sythe.org/approved-suggestions/1573618-big-rich-matthew-should-accept-bitcoin.html

Its been a year though

 

The main point was for there to actually be a donation option via btc, not have other bond holders be able to take donations in BTC if that's what you mean.

Several of them charge stupid highly rates when we should be able to donate via our own money without being charged extra lol.

I'm also wanting to consider taking SVU for BTC, provided they can provide a BTC address, their ID and possibly something else that can be decided.

 

Oops didnt see Dave's answer. Yea nvm then. Idk if it will be possible since it didnt happen with the other thread but yea we ll see!

 

I still support the bitcoin option but I disagree on the "stupid high rates" part. I am currently the only bond holder who accepts bitcoin and you didn't even ask me for my prices.

 

If it's higher then what we have to pay ourselves it's a stupid rate to me, whether 0.25 more or 0.01 more, its money the community of sythe should not have to pay when these type of donations can be setup.

I did not mean to offend you or any other bond holder, but lets face it, you guys do charge over the amount people want(say 27.50 for $25) and thats perfectly fine,I understand you have to profit.

But What I dont understand is why regular people cant have btc donations setup, not everyone has a paypal.

 

Its not like it takes 2hours to create a Paypal tho :/ and like you said, there is plenty of sites exchanging btcs for paypal.

 

BTC can be used by any user, I personally have posted MANY threads asking how to recieve cash IRL, gift cards etc because I'm not yet 18.


I Feel its unfair and Biased towards older users that are able to open paypals.


All I'm asking is trying to view it from someone who's unable to use a Paypal and does not want charged $5-$10 over the donation amount's price lol.

 

Im not 18 buddy xD its so easy to create a paypal anyways.

But I support the BTC option.

 

I'd much rather see no fee donations when donating via Bond Holders. It's so dumb that you have to pay a fee to donate to sythe, if you wanna help out the site you shouldn't be fined.

 

Thus your opinion holds a big bias as well. (this was pretty stupid, sorry moes, obviously if you are a bondholder your bias would work against having this implemented as it would take business away from you) As i said before would we really want admins (not mods by the way, im sure that the admins would be the ones if not mathew alone) to daily edit the BTC donation prices? It is an interesting topic though, and would definitely like to see if staff think that this is needed/wanted or generally a waste of staff resources as people could simply sell the btc in the first place to get usd to donate.

 

I don't understand why they removed the option to donate for other people without being a bond holder.

 

^ Chargebacks

You only have to pay a fee for the first 5$.

 

I understand that, but a majority of the members don't seem to understand, and donate $25, 50, and sometimes even $100 with a fee. But why should there even be a fee in the first place? Mods work for free, why can't bond holders do the same.

 

Im confused by your post.


Chargebacks 100% makes sense.

I dont understand the 2nd part though, I just bought a $20 donation and still got charged over $20 by a bond holder(not much over though he was fair).

But my point is, why should any sythe member have to pay an EXTRA PENNY? to want to DONATE?


A huge chunk of gamers as we know is 18- and cannot legally have a paypal, and many do not.

The main suggestion is why can bitcoins not be added as a option without using bond holders,like paypal is?

OR

Make it where bondholders cant charge over that amount wanting to be donated(so $20= $20)

I personally like the 1st option better as you dont screw over bond holders as badly.


And I 100% agree, if staff work for free why in the hell are bond holders charging bank?

You kind of did not answer the topic the entire thread is over Roary ;c.

At least not to me personally.

 

Because I don't have a stance, just clearing up confusion.

It would ultimately be up to Matthew and whether he wants to take on the risk of accepting BTC when they fluctuate in price or not. He handles all donations/has the final say.

 

Stuff like rsgp and btc prices always vary.
Plus the bond holders would probaly sell the gp from their transactions to divica or r2 so they're probaly just breaking even aswell