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With the apparent volatility that Bitcoin has, how will they decide when to cash that out? Any amount is obviously good for the FSF but maximizing the donation
by distantsounds 9y ago
With the apparent volatility that Bitcoin has, how will they decide when to cash that out? Any amount is obviously good for the FSF but maximizing the donation may be a bit tricky with the current markets.
- belorn 9y agoI would expect them to do so imminently to normalize it into the budget. If someone gave them $1M worth of gold I would not expect them to sit on it (what possible use would FSF have with gold as a material?), but rather convert it into resources which then can be used to fund projects.
- deleted 9y ago[deleted]
- yitchelle 9y agoI wonder how easy it would be to liquidate these bitcoins? I would imagine that Joe Blow tries to liquidate the same amount, alarm bells would ring very loudly.
- ossguy 9y agoIt is not easy, especially if you don't already have an account at a Bitcoin exchange. See my other comment at https://news.ycombinator.com/item?id=16277833 https://news.ycombinator.com/item?id=16277833 for more details (tl;dr: we've been looking/signing up for exchanges for over 3 weeks and none have responded to our signup request yet).
- ossguy 9y agoTo clarify, by "we" I don't mean FSF. I work for a different 501(c)(3) non-profit.