07 Jun '13, 1pm

Foundation for Economic Education to accept bitcoin donations - Red Alert Politics #bitcoin

Foundation for Economic Education to accept bitcoin donations - Red Alert Politics #bitcoin

It may not be ‘real’ money, but they’re accepting donations of it. Recently, the Foundation for Economic Education, which describes itself as “one of the oldest free-market organizations in the United States,” announced that it will accept bitcoin donations. “It’s official: FEE accepts donations in bitcoin,” the donation page of the organization’s website reads. “Donate a few bitcoins today to help us fulfill our mission to inspire, educate and connect future leaders with the economic, ethical and legal principles of a free society.” Bitcoin is a completely electronic currency developed anonymously as a computer code in 2009 . Online, bitcoin functions as cash to those who accept or wish to exchange it. A limit of about 21 million bitcoins and an equation-based “mining” procedure combine to prevent devaluation. Based on the increases in the value of a single bitcoin since ...

Full article: http://redalertpolitics.com/2013/06/07/foundation-for-eco...

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