Steven Walling wrote:
Uh... except that because Bitcoin is not a regulated currency, it's value
has the potential to fluctuate wildly, and seems to have done so since it
attracts speculators of all crazy sorts. Seems pretty fuckin risky to me.
I see no reason why the fluctuation of Bitcoin would be of any
significance for the decision of accepting it as a donation method or
not, especially if you use same-day exchange systems. In the end, you
cannot loose more money than you gain if you accept Bitcoin; even if its
value drops significantly, it will still be more money than if you
didn't accept it.
From where I stand, there is very little difference between Bitcoin and
regulated currencies, except perhaps the fluctuation rate (as in
quickness); take the Argentine peso, the Brazilian real, or the
Zimbabwean dollar as examples that even government-backed currencies can
fluctuate (or, more precisely, lose in value) in relatively short periods.
Tomasz
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