To the person running this, if you really want to remain anonymous, be careful not to write too much. You can be outed by textual stylometrics.
[deleted]
Pineapple Fund: Donating $86M of Bitcoins to Charity
41–50 of 227 posts
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#42Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#43Speaking 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.
Not that it's not a noble objective. But the accountability stuff costs money which could otherwise be spent on the core purpose.
This. I run a small non-profit. We would love to be hyper-transparent, but there are three of us working full time just to do the work that donors are supporting. We'd need to spend a lot of time and effort to release and contextualize all of that information, make sure it's current, and respond to the inevitable feedback and conversation that would be generated from releasing that information. Everything that sounds like it would be quick and easy, well, isn't.
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#44I'm curious - is this making charitable donations in lieu of taxes on the gains?
I am not curious. One could be buying up through bred horses or $$$ paintings to avoid tax. I much prefer this kind of financial maneuvering to avoid paying tax. Well done.
How would you avoid tax by buying horses or paintings?
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#45Speaking 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.
https://www.charitynavigator.org/
It's a good place to start.
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#46It'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.
Give me a fucking break. The "traditional financial world" processes tens if not hundreds of thousands of transactions per second worldwide. Bitcoin processes no more than 4 per second. On a per-transaction basis, you could be insane to argue that Bitcoin is anything other than an environmental disaster.
Worse, Bitcoin's energy consumption scales based on the price of bitcoin, not on transaction volume. The more USD each bitcoin is worth, the more miners will spend on energy to get that sweet, sweet block reward.
So it isn't a "meme" and Bitcoin's proponents would do well to concede that "yeah, bitcoin pisses away a lot of electricity--sorry about that...".
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#47Does anyone know people who are absurdly wealthy in BTC but only average (i.e software eng)?
What's their game plan ?
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#48This seems so fake. If its too good to be true...
They did send 60 bitcoins to watsi's adress, so it seems pretty legit
[1] https://watsi.org/faq#does-watsi-accept-bitcoin-donations
[2] https://blockchain.info/tx/d290acbfa7c619ad4215537ae83bfe165...
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#49Does anyone know people who are absurdly wealthy in BTC but only average (i.e software eng)? What's their game plan ?
A couple of the folks I know are just HODLing until BTC hits $150,000. Most of them bought Bitcoin when it was a couple of $, haven’t bought Bitcoin since and are just waiting it out to see what happens.
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#50This seems so fake. If its too good to be true...
The address checks out: https://blockchain.info/address/3P3QsMVK89JBNqZQv5zMAKG8FK3k...
And a NULL transaction to/from that address encoded the string "pineapplefund.org"
https://live.blockcypher.com/btc/tx/c44ad5f83ddc84d08967c765...