Re: Integrated micro-donations -- Implementation

[MJ Ray]

Davi Leal <address@hidden> wrote:
> John Sennesael wrote:
> > Implementation:
> >
> >  * Establish a non-profit entity in the US, and get an EIN (obtainable
> >    on-line for no cost at the IRS website)
> >
> >  * Use the EIN to register a dedicated bank account for the virtual
> >    currency. 
>
> The idea to establish a non-profit entity in the US, and use it to
> create the GNU Herds bank account is great!

Does the cost/risk of managing a non-profit entity outweigh the 5%
which SPI would cost on income if GNU Herds became an associated
project and there was no other problem?  http://www.spi-inc.org/ and
it is already described as something like PayPal for FOSS by one board
member.

What are the benefits of establishing in the US first instead of
a Euro land?  Can't Euro be used in more countries than USD now?

Thanks for any answers,
-- 
MJ Ray (slef)
Webmaster for hire, statistician and online shop builder for a small
worker cooperative http://www.ttllp.co.uk/ http://mjr.towers.org.uk/
(Notice http://mjr.towers.org.uk/email.html) tel:+44-844-4437-237