My adventure in donating bitcoins to the Internet Archive | Internet Archive Blogs

"My lesson: avoid MtGox." < The first generation Bitcoin services, "Paving the Way, the Hard Way!"

A Bitcoin Adventure in Four Parts —by Brewster Kahle, Digital Librarian Part One: The Deposit I am proud to say I succeeded in donating BitCoins to the Internet Archive, but it took some doing. For your entertainment, here is my adventure in changing $100 into bitcoins, transferring them to the “wallet” that lives on my laptop, and then contributing them to the Internet Archive. The first trick was to buy some bitcoins. After poking around, I found that I could use a wire transfer via the mtgox website . But, now, uh, I don’t recommend this approach. This is what happened: To transfer $100, I asked my big bank to wire a hundred dollars to the bank MtGox suggested which is in Japan. Well, my bank cannot send dollars to Japan, only yen. And since I requested dollars, they had first transfer the money to JPMorgan, a bank that can transfer dollars. So far, so complicated. I th...

Full article: http://blog.archive.org/2012/12/19/i-donated-bitcoins-to-...