How the Internet Archive is having a great time with Bitcoin
blog.archive.org
How the Internet Archive is having a great time with Bitcoin
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Re: How the Internet Archive is having a great time with Bitcoin
#2I have so much respect for the internet archive. To me the internet archive represents an entity that really understands the "Internet" and aligns closely with a lot of the ideals of free speech and information access.
Plus the wayback machine is super cool!
Re: How the Internet Archive is having a great time with Bitcoin
#3I have so much respect for the internet archive. To me the internet archive represents an entity that really understands the "Internet" and aligns closely with a lot of the ideals of free speech and information access. Plus the wayback machine is super cool!
Wayback machine has to be the best thing created online. Its not just about the nostalgia it about the growth and keeping all necessary information always available.
I really like how they quickly and smoothly accepted bitcoins. They truly listen and understand the Internet.
Re: How the Internet Archive is having a great time with Bitcoin
#4I wonder how much pressure IA feels to convert its donated bitcoin holdings to cash, given the run-up in exchange rates that has happened recently. Does IA prefer to support Bitcoin as if it were, as its proponents suggest, a real currency with sticking power for the long-term future? Or is there more real and permanent good to be had from converting that money to dollars to support the Archive's excellent programs today?
Clearly the latter must trump the former at some price. I think that price may be well below the $/BTC exchange rate today.
Re: How the Internet Archive is having a great time with Bitcoin
#5I wonder how much pressure IA feels to convert its donated bitcoin holdings to cash, given the run-up in exchange rates that has happened recently. Does IA prefer to support Bitcoin as if it were, as its proponents suggest, a real currency with sticking power for the long-term future? Or is there more real and permanent good to be had from converting that money to dollars to support the Archive's excellent programs t…
IA is using bitcoin to support its programs, by paying its staff (in part) in bitcoin. In other words, the institution is getting the services it needs in return for bitcoin.
Re: How the Internet Archive is having a great time with Bitcoin
#6I wonder how much pressure IA feels to convert its donated bitcoin holdings to cash, given the run-up in exchange rates that has happened recently. Does IA prefer to support Bitcoin as if it were, as its proponents suggest, a real currency with sticking power for the long-term future? Or is there more real and permanent good to be had from converting that money to dollars to support the Archive's excellent programs t…
The recent run-up is nothing.
The price will be $300/BTC by next week and $3000/BTC by next year.
Re: How the Internet Archive is having a great time with Bitcoin
#7I wonder how much pressure IA feels to convert its donated bitcoin holdings to cash, given the run-up in exchange rates that has happened recently. Does IA prefer to support Bitcoin as if it were, as its proponents suggest, a real currency with sticking power for the long-term future? Or is there more real and permanent good to be had from converting that money to dollars to support the Archive's excellent programs t…
The recent run-up is nothing. The price will be $300/BTC by next week and $3000/BTC by next year.
I need to start recording bold predictions like this in some sort of journal.
EDIT: I meant in general, not just for bitcoin.
Re: How the Internet Archive is having a great time with Bitcoin
#8Okay, fine. How do I buy some bitcoin?
Is bitinstant still cool?
edit1: Okay, MT Gox seems to be having some server problems, but things are going...slowly.
edit2: Mt Gox really wants my driver's license? This seems...not to be something that is a good idea. Should I really give them my driver's license?
Re: How the Internet Archive is having a great time with Bitcoin
#9Earlier quoted context omitted.
The recent run-up is nothing. The price will be $300/BTC by next week and $3000/BTC by next year.
I need to start recording bold predictions like this in some sort of journal. EDIT: I meant in general, not just for bitcoin.
Don't! It will take more space than the entire blockchain!
Re: How the Internet Archive is having a great time with Bitcoin
#10Earlier quoted context omitted.
The recent run-up is nothing. The price will be $300/BTC by next week and $3000/BTC by next year.
I need to start recording bold predictions like this in some sort of journal. EDIT: I meant in general, not just for bitcoin.
Make sure you record the people a few weeks ago shorting it. And the ones a few months ago.