I think with this type of Bad Press and questions, it would be wise to
remove the Bit Coin option from the donation page.
I do not know what the future of that service will be, but it is "too
shaky" for LO to "promote it" as a way to donate to our cause.
To be honest, I was never a "fan" of the Bit Coin "service" and did not
think it was a good idea for alternative to regular ways of "money"
transfers between people and organizations/companies.
below it an article about theft and fraud of customers' Bit Coin "money".
---------------------------------------------------------------------------------
http://www.businessinsider.com/bitcoin-exchange-gbl-holding-41-billion-vanishes-2013-11
A Bitcoin Exchange Holding $4.1 Million For 1,000 Customers Has Simply
Vanished
Jim Edwards Nov. 12, 2013, 8:41 AM 39,628 37
REUTERS/Jim Urquhart
A Chinese Bitcoin exchange that held up to $4.1 million in users'
accounts has gone offline and everyone involved with it has vanished,
according to CoinDesk.
The GBL exchange claimed to be based in Hong Kong but turns out to have
been headquartered in China. The Hong Kong Standard reports:
The company appears to have launched in May 2013, with its domain
btc-glb.com registered on 9th May and a post later that month by Bitcoin
Talk forum user zhaoxianpeng promoting the site.
Some mainlanders went to the IFC office listed on its website, but this
turned out to be a false address.
Fourteen of them made a report to the Hong Kong police.
WantChinaTimes notes that GBL had not obtained any of the usual business
licenses required to operate a financial services company. Bitcoin banks
and exchanges have a habit of disappearing, the WCT says:
Research conducted by Southern Methodist University assistant professor
Tyler Moore and Carnegie Mellon University assistant professor Nicolas
Christin found that 18 of the 40 Bitcoin trading platforms set up in the
past three years had closed, including TradeHill, which was once the
second largest in terms of transaction volume.
Moreover, 13 of the discontinued services closed without any prior
notice, while the remaining five were forced to shut down following
hacker attacks. Only six of them were known to have offered refunds to
users.
Business Insider noted just a few days ago that an Australian Bitcoin
bank, "Tradefortress," closed with $1 million in Bitcoin funds missing.
The bank turned out to be operated by an 18-year-old boy who lived in a
block of apartments in Hornsby, a suburb of Sydney.
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