Daniel Pocock <[email protected]> writes: > - Many people feel a strategy of holding assets in the currency that > aligns with future expenses is helpful. If, for example, 60% of > Debian's annual expenses were in USD and 40% were in EUR, then it would > seem sensible to convert any other donations to those currencies. > Whether the donations are from a volatile cryptocurrency (BTC) or just > some other currency like Australian dollars or Canadian dollars, if > Debian doesn't actually need those currencies for any known expense, > then holding them is a form of speculation.
+1. I believe Debian should only hold bitcoin if Debian anticipates future expenses in bitcoin. Otherwise, it should convert bitcoin to whatever currency in which expenses are expected. I think the decision to hold bitcoin outside of expected expenses are basically ways for the project to indicate support for bitcoin, and I'm very dubious that is appropriate. I know there are people who feel like the goals of bitcoin are in close alignment with the goals of free software, but I personally am completely unconvinced of that. The underlying economic theory behind bitcoin appears to me to be based on theories about "hard" currency that I believe have been completely discredited in the macroeconomic literature. I realize that other Debian Developers disagree, and I'm not particularly interested in trying to convince them that I'm right and they're wrong; rather, I think that whole debate is rather far afield from our project goals and would be a distraction. -- Russ Allbery ([email protected]) <http://www.eyrie.org/~eagle/> -- To UNSUBSCRIBE, email to [email protected] with a subject of "unsubscribe". Trouble? Contact [email protected] Archive: https://lists.debian.org/[email protected]
