Bitcoin Cash vs. Bitcoin: The Donation Dilemma
In a surprising twist, the nonprofit digital library Archive.org has discovered a newfound love for Bitcoin Cash, receiving over $4,800 in donations as of late November 2017. This figure notably surpasses the donations made in traditional Bitcoin, making it more than twice the amount. Talk about a plot twist in the cryptocurrency saga!
Operational Insights: Archive.org’s Donation Campaign
Archive.org kicked off its donation drive on an experimental basis, dabbling in digital currencies like Bitcoin, Bitcoin Cash, and Zcash. The funds collected are vital for keeping the library’s digital wheels turning and furthering its mission of providing free access to an expansive collection of Internet artifacts. And let’s face it, what’s better than digging into a treasure trove of archived websites from the early 2000s?
The Motivation Behind the Cash Preference
The shift toward Bitcoin Cash might not just be a fluke. There are a couple of reasons that might explain this donation trend:
- Network Fees: With Bitcoin’s skyrocketing popularity came its hefty transaction fees. Donors often find themselves feeling like they’re getting slapped with a late-night pizza delivery charge on their donations.
- Rising Bitcoin Prices: As Bitcoin hit dizzying heights on the trading market, making donations became a tighter squeeze on wallets.
Archive.org: A Brief Overview
Founded in 1996 by Brewster Kahle, Archive.org (or the Internet Archive as its friends call it) aims to provide “universal access to all knowledge.” It’s like the all-you-can-eat buffet of knowledge: from software to movies, the site offers digitized collections that keep expanding. Plus, it’s backed by the Kahle-Austin Foundation, giving it a robust financial backbone. Without contributions from kind-hearted users, this vast archive might just cave in like an old bookshelf.
The Future of Cryptocurrency Donations at Archive.org
As this nonprofit explores cryptocurrency trends, the results could redefine how digital libraries fund their operations. The acceptance of Bitcoin Cash and Zcash could pave the way for a more flexible, user-friendly donation setup. And who wouldn’t want to donate Bitcoin Cash when it feels like you’re giving money directly to an ever-growing archive of human knowledge?
