Wikimedia Foundation now accepts Bitcoin
blog.wikimedia.org
Wikimedia Foundation now accepts Bitcoin
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Re: Wikimedia Foundation now accepts Bitcoin
#2Re: Wikimedia Foundation now accepts Bitcoin
#3Re: Wikimedia Foundation now accepts Bitcoin
#4You mean, "Wikimedia now uses Coinbase as another payment provider to collect US currency for donations"?
They would still convert it to USD, but would your opinion still make sense?
Re: Wikimedia Foundation now accepts Bitcoin
#5You mean, "Wikimedia now uses Coinbase as another payment provider to collect US currency for donations"?
Re: Wikimedia Foundation now accepts Bitcoin
#61) About time! You'd have thought a crowdsourced open source software community would have adopted Bitcoin sooner.
2) Why does the Coinbase donation form require my email and mailing address? Just give me a QR code.
Re: Wikimedia Foundation now accepts Bitcoin
#7Re: Wikimedia Foundation now accepts Bitcoin
#8Two thoughts: 1) About time! You'd have thought a crowdsourced open source software community would have adopted Bitcoin sooner. 2) Why does the Coinbase donation form require my email and mailing address? Just give me a QR code.
Still, an anonymous option would be nice.
Re: Wikimedia Foundation now accepts Bitcoin
#9Re: Wikimedia Foundation now accepts Bitcoin
#10Two thoughts: 1) About time! You'd have thought a crowdsourced open source software community would have adopted Bitcoin sooner. 2) Why does the Coinbase donation form require my email and mailing address? Just give me a QR code.
If this donation is tax deductible, I expect it is so they can send you a receipt. Still, an anonymous option would be nice.
Maybe they can rework the donation flow so it allows anonymous donations below that limit? But if that has the effect of making large donations seem different/weird/complicated, it might be counterproductive: you have to get a lot of extra $5 donations to make up for a single lost $10,000 donation. I'm no UI/flow expert though so maybe there's a good way of doing it. There are basically three cases that would need to be worked in: 1) above $1,000, information is mandatory; 2) between $250 and $1,000, information is not mandatory but must be entered if the donor is American and wants a receipt that would enable them to deduct it; 3) below $250, receipts aren't necessary for tax deduction so donor information isn't needed at all.
[1] More precisely, they're required to report all donors who gave more than $5,000 cumulatively in a given year (or possibly a higher threshold for very large organizations), which requires keeping a running sum of per-donor totals. Except that as a concession to ease of recordkeeping, individual donations below $1,000 do not need to be included in the total, and therefore I believe (?) could be accepted anonymously. Or so I read the IRS's guidelines, but IANACPA; see Form 990 Schedule B or your local accountant specializing in nonprofit law for details.