I checked their official donation channel is OpenCollective. I think the Bitcoin address is no longer being used and they just forgot to update the footer
oh i dont think its 'dead' in the way people often describe. More...done. Like, the period of obscene growth is over and its now seemingly settled into a fairly dull investment with mediocre returns.
In what country does a bitcoin donation need to go through an "anti money laundering check"? Also, you could pay a lawyer 100k to handle the taxes and accounting and you would still have 700k left over.
In Germany at least if you've held the coin(s) for 7 years before selling you don't need to pay tax on the profit.
Not sure how this applies to donations though, and of course this will almost certainly be changed in the future, .nl is leading the way in taxing _unrealised_ gains; we are sure to follow!
I checked their official donation channel is OpenCollective. I think the Bitcoin address is no longer being used and they just forgot to update the footer
I hope they still have the private key.
Really hope so too. Would be devastating
This could become the premise of a near-cyberpunk heist movie..
The project no longer uses that Bitcoin wallet for bounties.
What does that mean for that donation, and why is the wallet still listed on the website?
I think that a large part of the priced in "value" of Bitcoin is just lots and lots of Bitcoin that nobody can access anymore.
Bitcoin's supposed to be "liquid" but I'm wondering what happens when there's a forced liquidity event.
hodl
I know you're joking but keeping bitcoin now really does feel like a poor investment given it's showing no signs of ever being revived.
https://bitcoindeaths.com/
Bitcoin died *again*? hehe :P
oh i dont think its 'dead' in the way people often describe. More...done. Like, the period of obscene growth is over and its now seemingly settled into a fairly dull investment with mediocre returns.
Well, that’s what people have said all the way to $70k+ price.
Buy signal
Bitcoin really isn't money.
They should send it to a dead wallet instead.
True and its also not compareable to gold.
But as long as others giving you real money for this garbage, it would be better to use it for a project like neovim :)
To never have experienced a usefulness of cryptocurrency is a privileged position to be in.
A dead wallet has better use for Bitcoin though.
We don't know where the Bitcoin has come from, so it needs to go extensive through anti money laundering checks.
Save the hassle of all of that taxes, accountancy and just send everything to a dead wallet.
In what country does a bitcoin donation need to go through an "anti money laundering check"? Also, you could pay a lawyer 100k to handle the taxes and accounting and you would still have 700k left over.
Exactly this! It was rendered money by some minds.
Unlike that paper money. That paper money was created by the Gods!
It is even more useless than fiat.
I imagine they might wait, to make it’s legally obtained Bitcoin.
Something that takes 5 seconds with bitcoin, faster than any other property type, is something you rationalize as taking 7 years
Why does HN tolerate this level of understanding when it comes to crypto
In which country would waiting help?
In Germany at least if you've held the coin(s) for 7 years before selling you don't need to pay tax on the profit.
Not sure how this applies to donations though, and of course this will almost certainly be changed in the future, .nl is leading the way in taxing _unrealised_ gains; we are sure to follow!
1 year
It's one year, unless something changed recently.
is this (w)hole lie still hodling up? crazy! is my botnet still not out of puberty?