Re: Crypto Donations

On 2022-11-04 07:56, Wojciech Puchar wrote:
>>> [...]
>>> Unfortunately FreeBSD still does not
>>> accept any donations via cryptocurrency.
>>> Nor has FreeBSD community yet participated in any
>>> crypto crowd funded code dev/bug/doc etc bounties.
>>> The world is moving there, others are already making
>>> good use of them, best get on that, have fun :)
>> Honestly, this seems to me simply to be good policy on the part of
>> the foundation (not accepting donations via crypto).  There's no
>> apparent benefit as far as I can see, and the extreme volatility of
>> all existing cryptocurrencies by itself strikes me as an excellent
>> reason to continue the current policy.                    -- George
>> 
>> 
> Why? Accept and instantly change to something else.
> 
> Let's clear things up.
> 
> Crypto currencies are really worth nothing. Just people do believe they are 
> worth
> something. It represent no real value.
> 
> Classic currencies are really worth nothing. Just people do believe they are 
> worth
> something. It represent value equal heat of combustion - if you have papers. 
> Or
> zero if just in bank.
You're spot on here. In fact it has a name: fiat. IOW it's a *perceived* 
value.
When the US dropped gold and silver certificates back in the 60's. US 
currency was
no longer backed by the gold and silver bullion then stored in Fort Knox. Its 
actual
value was then reduced to no more than the paper it was printed on, or what 
others
*believed* it was worth. You decide. ;-)

> 
> The only difference is that classic currencies are enforced by law. Crypto 
> are not.
> 
> So you shouldn't differentiate, just then convert to currency or some other 
> good
> you need. To avoid risks - do it at the day when crypto currency is 
> transferred.