EFF Resumes Accepting Bitcoin Donations After Two Year Hiatus

Posted by Unknown on Monday May 20, 2013 @01:56PM from the coal-into-digital-plowshares dept.

hypnosec writes "The Electronic Frontier Foundation (EFF) has started accepting donations in the form of Bitcoins again after a two year hiatus, stating that the legal uncertainty hovering over the digital currency has all but disappeared. On their blog the EFF noted that a report from U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), in addition to their own findings, 'have confirmed that, as a user of Bitcoin or any virtual currency, EFF itself is likely not subject to regulation.'"

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Re:Why not... by ultranova · 2013-05-20 22:32 · Score: 1, Informative

with small fees (cent per transaction)

$1.2 per transaction, actually. The default transaction fee is 0.01 BTC, and current exchange rate is $120 per BTC.
That's becoming somewhat of a problem, actually.

--
Forget magic. Any technology distinguishable from divine power is insufficiently advanced.