Smokin: Bitcoin comes to Burning Man

Bitcoin is headed directly to the Black Rock Desert, Nevada by way of the annual Burning Man festival.

The Burning Man Project, the 501(c)(3) nonprofit public benefit organization behind the festival started accepting Bitcoin for donations earlier this week.

Donations will help provide more grants, training and support to creators of radically interactive art and events on and off the playa, fund civic programs, teach communities the power of collaboration, strengthen our infrastructure and making the Burning Man experience accessible year-round CEO Marion Goodell explains.

Noting that this is just the beginning for Bitcoin and Burning Man, she continued: accepting Bitcoin for donations is an experimental first step. We plan to explore other possibilities in the future, including expanding Bitcoin to the ticket-buying process.

Bitcoin payment services are being provided by Coinbase Inc. and donations areeligible for tax deductions in the United States.

First held in 1986, Burning Manhas a reputation as being a week of drug taking and alt-culture, where as others claim it is a progressive coming together of the tech-savy. In 2014 65,922 people attended the event which is held be the last Monday in August and first Monday in September ever year.

Adding Bitcoin support is a no-brainer given the demographics of those who attend the event would suggest thatmany would already be familiar with, or users of the cryptocurrency.

photo credit: jacques.deselliers via photopin cc

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Smokin: Bitcoin comes to Burning Man