RE: assurances - https://blockchain.info/address/1Fm8XdPvGzKbfuHrBrsK8d7ZDLvC... - you can track the donation amounts to the wallet publicly. At the end of each month, we'll convert the BTC into USD and send a check to the Red Cross for the full converted amount.
RE: BitMe blog - we took BitMe down earlier this year after losing a banking partner. We've since relaunched with crypto/crypto trading and will be rolling out BTC/USD with our new banking partner in the coming weeks. You've probably never heard of us because we've kept a low profile while going through the process of becoming compliant. We're currently backed by Tim Draper, Ludlow Ventures, the Bitcoin Opportunity Fund and were incubated at Boost VC.
RE: why not use a traceable currency - we believe the global bitcoin community can have a positive impact on relief efforts in the Philippines by using bitcoins as a means of donation. That's the purpose of our efforts with this campaign.
RE: assurances - https://blockchain.info/address/1Fm8XdPvGzKbfuHrBrsK8d7ZDLvC... - you can track the donation amounts to the wallet publicly. At the end of each month, we'll convert the BTC into USD and send a check to the Red Cross for the full converted amount.
RE: BitMe blog - we took BitMe down earlier this year after losing a banking partner. We've since relaunched with crypto/crypto trading and will be rolling out BTC/USD with our new banking partner in the coming weeks. You've probably never heard of us because we've kept a low profile while going through the process of becoming compliant. We're currently backed by Tim Draper, Ludlow Ventures, the Bitcoin Opportunity Fund and were incubated at Boost VC.
RE: why not use a traceable currency - we believe the global bitcoin community can have a positive impact on relief efforts in the Philippines by using bitcoins as a means of donation. That's the purpose of our efforts with this campaign.
Hope that helps, Avish