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/), and the t-shirt is just a donation reward!
Not 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.
I 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.
I find it strange people are willing to buy things with BitCoin in general. It's like purchasing something with stock options of company which is rocketing up in (speculated) value. Vendors are obviously VERY interested in accepting BitCoin right now because they keep on earning money after the goods are sold. Wouldn't vendors immediately stop accepting it if the BC charts showed even a small decline in the BC value over a period of time? How about if it flat-lined?
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[ 25.9 ms ] story [ 1816 ms ] threadRiiiggght. 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.