I wholeheartedly support accepting Bitcoin and Etherium and other popular cryptos at PSF. Bitpay is an alternative, but they can be more complicated to work with than Coinbase. Of course you can always chose to manage your own crypto wallet independent of any go-between business, but that has risks too. Coinbase would be my last choice, however. It has been involved in some shady business practices that would be illegal if they were regulated as strictly as a bank or brokerage is. - From the very beginning Coinbase has been accused of insider trading, front-trading, market manipulation, and outright fraud in class action lawsuits such as this one: https://www.silvermillerlaw.com/current-investigations/coinbase-class-action/ - In times of dips or spikes in price they sometimes prevent some depositors from accessing their funds for extended periods of time (I've been unable to access my account for years now, and others I know have had similar difficulties). - They profit on bid/ask spreads, like most brokerages or financial markets, but they aren't regulated as strictly as traditional brokerages+banks so that spread can be quite broad and the invisible loss of value for frequent depositors/payors can be significant.
--Hobson On Thu, Jun 27, 2019 at 10:40 AM Wes Turner <wes.tur...@gmail.com> wrote: > > > On Thursday, June 27, 2019, Ewa Jodlowska <e...@python.org> wrote: > >> >> >> On Thu, Jun 27, 2019 at 11:16 AM Wes Turner <wes.tur...@gmail.com> wrote: >> >>> >>> From GuideStar (which, like Charity Navigator, also has nonprofit >>> evaluation criteria) >>> >>> https://trust.guidestar.org/bitcoin-what-nonprofits-need-to-know-and-how-it-might-give-your-fundraising-a-competitive-advantage >>> : >>> >>> > Accepting donations in Bitcoin can reduce the financial transaction >>> fees a nonprofit owes. With Bitcoin, the costs are significantly lower >>> compared to checks, credit cards, and other digital options, and if your >>> organization is a registered 501(c)(3), there are zero transaction fees on >>> platforms such as Coinbase or Bitpay. There is also no risk of bank >>> charges accruing to the nonprofit in the case of a donor using a fraudulent >>> credit card. >>> >>> * Merch: It may be worth accepting cryptocurrency payments for PSF merch >>> like T-Shirts, Mugs, Polo shirts: >>> https://www.python.org/community/merchandise/ >>> >>> * Coinbase Commerce integrates with a number of major eCommerce >>> platforms: >>> https://commerce.coinbase.com/integrate >>> >>> >>> I'll share Coinbase with our team for review. >> >> >>> * What mailing list and/or CRM can I opt-into with my PSF donation? Is >>> there a periodic breakdown of expenses that I can backseat-drive and >>> micromanage? >>> >> >> We go over our finances at the PSF member meetings at PyCon and the >> EuroPython. In addition to what we have on python.org ( >> https://www.python.org/psf/annual-report/2019/, >> https://www.python.org/psf/records/board/treasurer/), financials are >> also sent to voting members (psf-v...@python.org). >> > The 2018 financials will be sent there this month. >> > > Thanks! > > >> If anyone wants to become a voting member of the PSF, let me know >> off-list and I'll be happy to share the available options! >> > > >> >>> From Charity Navigator, it looks like PSF had about $ 2,500,000 in >>> donation revenue a few years ago. >>> >> >> As of end of 2018, the PSF had almost 3.3M in assets. In 2018, we >> received $515,000 from "Contributions, Membership Dues, and Grants" ( >> https://www.python.org/psf/annual-report/2019/). In 2016, our >> "Contributions, Membership Dues, and Grants" totaled approximately $148,024 >> to give you a comparison of how things are developing over time. >> > > $515,000 in 2018, thanks. An infographic on the donation page might > increase conversions. > > >> >> The Annual Impact report also addresses the need for a financial reserve: >> >> "The PSF will continue to research diversifying revenue streams, hiring >> additional staff, and improving our fundraising efforts, which will all >> affect future financials. We would like to continue to improve the services >> we provide to the community, expand our programs, and better support >> developers. We also need to consider risk mitigating factors such as having >> diverse revenue streams instead of heavily relying on PyCon and a financial >> reserve of at least 1.5 years (in operating costs). This will help ensure >> the PSF’s viability for the long run." >> > > +1 > _______________________________________________ > Python-Dev mailing list -- python-dev@python.org > To unsubscribe send an email to python-dev-le...@python.org > https://mail.python.org/mailman3/lists/python-dev.python.org/ > Message archived at > https://mail.python.org/archives/list/python-dev@python.org/message/7PHTBINPBQ7R5UT7HLTFOXDYWM2IIMSE/ >
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