31–40 of 227 posts
Pineapple Fund: Donating $86 million USD in/through BTC to charity.
I think the current one makes it sound like they are donating 86M BTC. I know that's above the theoretical maximum, but that's not the point.
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.
[citation needed]
I think a clearer—or at least a less click-baity—title would be something like: Pineapple Fund: Donating $86 million USD in/through BTC to charity. I think the current one makes it sound like they are donating 86M BTC. I know that's above the theoretical maximum, but that's not the point.
And you even know thats above the maximum so your concerns should have been disregarded as erroneous stimuli as the rest of our brains are already programmed to do.
Earlier quoted context omitted.
[citation needed]
Can confirm first hand this is a serious issue in the industry. There are finally a couple crypto-friendly banks making it easier for holders and businesses. Source- have run a BTC co since 2014.
talking with bankers is an art. I have plenty of "software services" that primarily transact in bitcoin and cash out to bank accounts from bitcoin exchanges.
I'm curious - is this making charitable donations in lieu of taxes on the gains?
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)
It does irrefutably link a very large amount of bitcoins with the site. https://live.blockcypher.com/btc/tx/c44ad5f83ddc84d08967c765...
https://twitter.com/watsi/status/938241988121583616
I'm having a bit of trouble connecting this transfer back to address 3P3QsMVK89JBNqZQv5zMAKG8FK3kJM4rjt which currently holds the coins that he says will be donated. If true this should be possible though...
EDIT: Oh wait, here is the connection:
https://blockchain.info/tx/d290acbfa7c619ad4215537ae83bfe165...
I have to say, I'm generally pretty skeptical of stuff like this but there is evidence here that this is legit.
EDIT2: They also encoded "pineapplefund.org" in a NULL transaction. Even more reason to believe.
https://live.blockcypher.com/btc/tx/c44ad5f83ddc84d08967c765...
This seems so fake. If its too good to be true...
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.
I think a clearer—or at least a less click-baity—title would be something like: Pineapple Fund: Donating $86 million USD in/through BTC to charity. I think the current one makes it sound like they are donating 86M BTC. I know that's above the theoretical maximum, but that's not the point.
It clearly has $ in the HN post, and the actual site. And you even know thats above the maximum so your concerns should have been disregarded as erroneous stimuli as the rest of our brains are already programmed to do.