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Becoming a Forum Supporter by Donating Bitcoin

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toffeestillidie

toffeestillidie

Player Valuation: £35m
D/D, have you considered this option?

I don't know if either of you are familiar with Bitcoin, but it's a very simple system, at least from your end.

If you're not familiar with it, it's basically an online currency that floats relative to other world currencies, it's growth is controlled by computer software, and transactions are processed by people who contribute their computer's processing power.

That's the super basic overview, you can find out more at https://bitcointalk.org/index.php?topic=9430.0 or https://www.weusecoins.com/


Anyways, if you wanted to accept donations in Bitcoin, it would be very simple. First you would just go to blockchain.info and make a bitcoin "wallet". For this wallet, you can generate a virtually unlimited amount of "receiving addresses."

So you could easily make a protocol where I send a message saying that I wish to contribute to the forum. You generate a new receiving address for me, and send me that address. I send Bitcoin to the address, and once the transaction clears, you can upgrade my status to 'forum supporter'

Once you've received my Bitcoin, there are a number of exchanges where you can trade them for pounds, and I believe there are some services that will instantly convert your Bitcoins to GBP upon receipt.

Sorry if any of that is confusing, and I understand if you don't have the time to deal with something new like this, but I've been trying to stay away from services like PayPal after hearing so many horror stories, and as I have a fair number of Bitcoin on hand, this would be an easy way for me to contribute to the forum.
 
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GrandOldTeam said:
*sobs
Click to expand...
It’s all fairly easy with hindsight.
To be honest, personally think people should only invest in this if they heavily trust their own knowledge and research. No one should be thinking, ‘I wish I’d invested 5 years ago’ as you didn’t know what it was.
Something doesn’t sit right for me, posters urging people to buy in or others talking about how much they’ve made. Can always lead someone more vulnerable or desperate to start playing with money they can’t afford to lose and the aforementioned posters could just as easily be telling porkies.

I’ve tended to find amongst my mates, that the people who make the most cash, talk very little about how they did so and even less about how much they have.
 
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JimmyJeffers said:
It’s all fairly easy with hindsight.
To be honest, personally think people should only invest in this if they heavily trust their own knowledge and research. No one should be thinking, ‘I wish I’d invested 5 years ago’ as you didn’t know what it was.
Something doesn’t sit right for me, posters urging people to buy in or others talking about how much they’ve made. Can always lead someone more vulnerable or desperate to start playing with money they can’t afford to lose and the aforementioned posters could just as easily be telling porkies.

I’ve tended to find amongst my mates, that the people who make the most cash, talk very little about how they did so and even less about how much they have.
Click to expand...

Very true mate.

We've had to close a few threads and issue reminders on that front.

With that in mind - perhaps not the best to bump this thread lol

/locks.
 
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