Free State Project Giving Away Bitcoins to 15,000

Excerpts from the press release:

In one week, the non-profit organization – which is an effort to encourage 20,000 “liberty lovers” to move to New Hampshire to work toward greater individual and economic freedom – will send a fraction of a Bitcoin to over fifteen-thousand subscribers on its mailing list. Each recipient will get exactly 0.01 Bitcoins, worth approximately $0.04 at current exchange rates.

This simply couldn’t have been done with US dollars and traditional banking systems,” says Roger Ver, the FSP member who donated the Bitcoin funds for the promotion. “I currently live in Japan, and this initiative required transferring the donation internationally, and then dividing that money into thousands of micropayments, all going to different people in different places. A bank wire from Japan to the US would’ve taken at least three days plus fees. With Bitcoin it took less than three seconds with no fees. Try to send someone a nickel with Paypal and you’ll find the fee itself is more than a nickel.

From the Bitcointalk Forum:

Free State Project's Liberty Forum will be accepting Bitcoin as a payment method for registration (this event occurs in February at the Crowne Plaza in Nashua, New Hampshire - past speakers have included Ron Paul, Judge Napolitano, John Stossel, Cato staff, etc.) Further, future events and FSP's online store will accept Bitcoin shortly.

Posted in: project liberty,roger ver