Charities, non-profits, content creators, and other organizations that want to raise funds and accept cryptocurrency donations in a more private way than the traditional single bitcoin address method can create a Librty Crowdfund for a better user experience, that protects the project and the donors.
Benefits of using the Librty Payment Server for accepting donations:
- Saving money (no fees, no subscriptions)
- Cutting out the middle-man (Payments go directly to their wallet)
- Enhancing privacy for them and their donors (no address re-use, no IP leaks to third parties)
It is particularly important to mention that the Payment Server prevents address reuse, as many people have been reusing addresses for donations in the past. Here is why you SHOULD NOT reuse a Bitcoin address:
- Privacy: reusing the same address for donations not only makes it incredibly easy to link it to your identity, it also compromises the privacy of your donors and every person that interacts with you
- Security: by compromising your privacy, address reuse increases your attack surface, as people that want to steal from you or harm you would have A LOT of information about you and your donors
- High fees: fees for a Bitcoin transaction are calculated according to the “size” of a transaction (which has nothing to do with the amount being sent). By reusing addresses, you are building huge transactions involving many inputs, that will cost you a lot in fees when you want to move them