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I was wondering if there is a way to donate with bitcoin to Canonical? I would love to donate, but the only funds available to me now are bitcoins.

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No, not at the moment. This is the current list of organizations accepting bitcoins.

Payment Methods (2012-10):

So far only Paypal is the only accepted form of Payment. Canonical’s Jono Bacon says that this is only temporary and that ‘other payment mechanisms are currently being explored’.

If I was you I would drop him a message here: http://www.jonobacon.org/contact/

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