On 25/08/14 19:20, martin f krafft wrote: > also sprach Daniel Pocock <[email protected]> [2014-08-24 22:52 -0700]: >> Just to clarify this point: I'm talking about situations where the >> expense is defined in some nominal Bitcoin amount, not where >> Debian has some USD expense and the vendor will accept the >> equivalent in BTC based on the USD/BTC conversion rate at the >> moment payment is executed. > I agree with you. However, this is a (global) chicken-egg problem > and we could contribute a little tiny bit towards solving that.
That may be correct, my only concern is that that is not Debian's mission >> But that is like saying Debian should also set aside $5000 worth >> of silver (it is used in computers) or $5000 worth of contracts to >> buy oil (energy prices impact data centers). A speculative >> investment in any of those may be useful for some purpose, but how >> does Debian decide which is best out of BTC, XAG, oil and all the >> other possibilities? > There is something to be said for diversification of assets. > > Here is the proposal I would like to make: > > Let's define a maximum amount, e.g. $5.000 and up until that amount, > we are free to figure out best practices and see if this is > something from which Debian could benefit and hence something we > want to do long-term. If we exceeded the limit (consistently for > a longer time period), we would convert to fiat. > > Below that, we get our hands dirty and the maximum risk would be > losing $5.000, which is highly unlikely anyway, but Debian could > handle it. A better way to approach this may be to start a discussion about Debian's strategy for investing long-term reserves, without a preference for any specific asset such as BTC. The problem with the current discussion is that it is proposing a solution to a problem that has not been defined in Debian's own terms. So lets have a problem statement. It might include some of the following: - how much money is available for long term investment? - What are Debian's goals with that money (e.g. dealing with unexpected legal costs, underwriting DebConf's revenue forecasts, acquiring an office building or creating a revenue stream to pay the DPL a stipend in some future year)? - Is there a definite date for achieving the goals? Then people can comment on which solutions (which may include a BTC holding) are the best way to achieve those goals. -- To UNSUBSCRIBE, email to [email protected] with a subject of "unsubscribe". Trouble? Contact [email protected] Archive: https://lists.debian.org/[email protected]
