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To clarify: the $50 is a direct donation to Fight for the Future, the non-profit organization behind Bitcoin Black Friday (http://www.bitcoinblackfriday.com/ ht
by ajaymehta 13y ago
To clarify: the $50 is a direct donation to Fight for the Future, the non-profit organization behind Bitcoin Black Friday (http://www.bitcoinblackfriday.com/ http://www.bitcoinblackfriday.com/), and the t-shirt is just a donation reward!
- theklub 13y agoNot saying they do this but I always shudder at the use of "non-profit" when the CEO gets paid tons of money and they don't pay much if any taxes. So just because its a non-profit doesn't mean someone isn't making money.
- pistle 13y agoI know right... Same thing with mutual insurance companies. "What we don't pay out in overhead and claims, we give back to the members/policy holders..." Riiiggght. Like there's any incentive to maximize the payback. Non-profit could mean, "We are taking an vow of poverty to maximize the benefits of our work on your behalf." It typically means, "We have no intention of doing anything but spending every cent of what people give/buy. If that means unnecessary capital or salary expenses... hey use it or lose it." Did you see the vendors and wares? WTF bitbugs? The bitcoin deluge on HN is like freaking Scientology+Amway of D&D currencies.