Discussion in 'Sythe.Org News' started by Matthew, Feb 9, 2019.
Very nice update.
Awesome update! Same here thanks @Mootrucks & @Wortel for processing my donations!
Hmm? I thought direct donations via bitcoin were added like a year or two ago.
And removed shortly after.
Just why? Sythe doesn't like btc?
I guess it brought too many issues with it.
weird, lots of people donating $5 and then $200+ via paypal, SQ and CB.
What the fuck lmao. I commented on how overdue bitcoin as a donation option was when it was released, there's no words I can come up with than can express how daft it is that it was deprecated.
The problem with Bitcoin was the transaction fees were really high. Because we were getting so many small payments, it was VERY expensive to cash them out into bigger coins at exchanges. We ultimately decided Bitcoin was too much effort and overhead to deal with and removed it...
This is a great update @Matthew
Interesting, why not make a minimum of $25 or $50 for donation via Bitcoin directly? If there are fees, include them in the donation cost and make it upfront. Safe, effective, and all fees are covered + donation goes directly to Sythe.
Makes it easier for the end-user in particular to not have to deal with adding a bondholder in the first place and therefore, more likely for someone to donate.
Just because we say its going to be $25 or $50 minimum doesn't mean that people will send that amount or even read the message. I assume its much easier and less hassle to accept USD through pp from bondholders (8 accept BTC as of right now) than it is to keep BTC donations enabled.
Also the price of btc is constantly fluctuating as opposed to USD so its much easier for them
There are certain payment processors which will only accept X amount of BTC at X rate. If you send less than said amount the transaction will not occur.
Buy, Sell & Accept Cryptocurrencies - CoinGate
Is a very common processor that handles large amounts of transaction. It tells you the exact amount to send. Minimums can be set, and if less than the correct amount is sent it is also logged and the recipient's email address receive's a notification along with the organization.
If someone cannot read that they need to send $25 of BTC to the address I am not sure they should be donating to Sythe at all for that matter as many payment processors make it clear the exact amount needing to be sent.
Direct btc/xrp donations please
Shut up lol imagine funding Richards addiction for a prize box???