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How the Internet Archive is having Great Time with Bitcoin

bitcoinInternet_Archive_logo.ai

The Internet Archive jumped into bitcoin in 2011 after many people asked to donate bitcoins– a non-techy set up our wallet (good sign), and we got about $2,000 worth of donations that first year.  In 2012 we got about $6,000 worth– interesting.

I think of it as the local currency of the Internet. I figured out how to do it (then found an easier way), read the key paper, watched a good intro video, loved watching bitcoin in realtime avoid a financial crisis without a bailout.  This is an “anti-fragile” system that is getting debugged.     Feels like linux where exposing bugs are thought of a good thing rather than prosecuted as a crime.

Then the fun began!  We offered employees to get partially paid in our donated bitcoins– 1/3 said yes, now we are buying sushi and beer.  We were written up in Bitcoin Magazine, The Next Web, arstechnica.

We set up an honor based Bitcoin ATM to convert $ to Bitcoin and Bitcoin to $.   Many people now use it.   Hacker space at NY college following, maybe hacker space in SF.

We offer to take Bitcoin to see a movie about Anonymous at the Archive.   5 people pay with bitcoin.

Bitcoin is becoming a day-to-day currency of the Internet Archive with employees using it as a way to settle small debts, like for dinner.

If you want to try it then set up a “thin” bitcoin wallet on your phone or laptop, come to the Internet Archive, convert some money, then go out to lunch,  drink beer and celebrate.

Completely fun, and very very interesting.

 

 

 

 

Originally posted on The Internet Archive Blog by brewster.
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Written by internetarchive

April 3, 2013 at 1:00 pm

Posted in News

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