21–30 of 227 posts
I'm curious - is this making charitable donations in lieu of taxes on the gains?
(Edit: nvm, misinterpreted the website)
It's hard to sell large amounts of bitcoin. Most banks, when they see an incoming wire transfer for $10M marked "bitcoin" will run a mile and close down your account. Hopefully by 'donating' it to these charities, who will probably choose to sell slowly over time or hold it, that alleviates the problem.
It's safe to assume that not all banks are as altruistic as one would hope.
This looks sketchy as hell. No personal information attached at all and the domain has who-is protection. How do we know this is legit? (Edit: nvm, misinterpreted the website)
https://live.blockcypher.com/btc/tx/c44ad5f83ddc84d08967c765...
This looks sketchy as hell. No personal information attached at all and the domain has who-is protection. How do we know this is legit? (Edit: nvm, misinterpreted the website)
This looks sketchy as hell. No personal information attached at all and the domain has who-is protection. How do we know this is legit? (Edit: nvm, misinterpreted the website)
AFAICT he's only giving money away, not asking any. What's sketchy about anonymous donations?
"4,894 BTC ~$84 million USD remaining"
on the site. It initially appeared as if he/she was asking for donations. I guess that's actually the amount of money yet to be distributed.
Speaking of charities, are most of them transparent and accountable with the funds they receive? I’d like to see a ledger of where every cent given to charity was used / spent.
Give well is a meta-charity that tries to find out which charities maximize donation effectiveness and might be a good place to start looking.
It's hard to sell large amounts of bitcoin. Most banks, when they see an incoming wire transfer for $10M marked "bitcoin" will run a mile and close down your account. Hopefully by 'donating' it to these charities, who will probably choose to sell slowly over time or hold it, that alleviates the problem.
HSBC literally told drug cartels how to alter forms in order to bypass security scans done to detect money laundering. It's safe to assume that not all banks are as altruistic as one would hope.
It'd be nice if some of the money were used to make it easier for charities to convert to cash as quickly as possible. Bitcoin pointlessly consumes so much dirty energy, I imagine many environmental charities see bitcoin akin to blood money.
This meme needs to die. Keeping the lights on tens of thousands of banks and keeping hundred of thousands of servers running transaction processing cost a lot of electricity too. Efforts are underway to get rid of dirty energy because the costs of renewable and battery storage are so much cheaper that this is a non-issue.
Um what? Certainly we have made great progress as a civilization switching to cleaner forms of energy production but calling greenhouse pollution a "non issue" at this point is pretty nuts!