The Free Software Foundation needs some donations right now. I hope they get a little help.
Pineapple Fund: Donating $86M of Bitcoins to Charity
141–150 of 227 posts
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#142Earlier quoted context omitted.
What a cop out. So we have to increase energy prices so a bunch of greedy scammers can waste energy speculating on hot air? Again. Give me a break...
You can do with your money what you like. There's a word for that : freedom.
Of course you can, but that doesn't make it not environmentally unfriendly.
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#143The brilliance of this is not just that he's donating to charity which is great of course but that he managed to hold for so long.
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#144Apparently the Pineapple Fund has also donated $50.000 to the OpenBSD Foundation: https://www.reddit.com/r/Bitcoin/comments/7jj0oa/im_donating...
I don't follow bitcoin much, but shouldn't every popular community project be essentially swimming with cash (or at least bitcoin) these days? On the other hand I guess the same could be said about the tech boom.
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#145Watsi cofounder here. We're extremely grateful for this support. It's going to enable us to help a lot of patients access healthcare. I also think it's great for the crypto community as a whole. Thank you, Pineapple!
Do you immediately convert to USD (or whatever currency) and spend, or do you hold as an investment?
Holding for a charitable organization would not be an investment, but speculation, and would be irresponsible, in my humble opinion (because you’re gambling with donations). The people who choose to donate should get full value from their donation. So, until one can buy goods with bitcoin and pay omes employees with it, holding it when you have an obligation to buy something with it amounts to speculation.
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#146Earlier quoted context omitted.
Do you immediately convert to USD (or whatever currency) and spend, or do you hold as an investment?
Holding for a charitable organization would not be an investment, but speculation, and would be irresponsible, in my humble opinion (because you’re gambling with donations). The people who choose to donate should get full value from their donation. So, until one can buy goods with bitcoin and pay omes employees with it, holding it when you have an obligation to buy something with it amounts to speculation.
You can do all of these things already.
In Europe at least. I have a TenX debit card that I can use everywhere VISA is accepted!
Bought iphone and car with it
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#147Earlier quoted context omitted.
Holding for a charitable organization would not be an investment, but speculation, and would be irresponsible, in my humble opinion (because you’re gambling with donations). The people who choose to donate should get full value from their donation. So, until one can buy goods with bitcoin and pay omes employees with it, holding it when you have an obligation to buy something with it amounts to speculation.
You can do all of these things already. In Europe at least. I have a TenX debit card that I can use everywhere VISA is accepted! Bought iphone and car with it
I guess spending $84 mln is quite different from just buying an iPhone
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#148Earlier quoted context omitted.
You can do all of these things already. In Europe at least. I have a TenX debit card that I can use everywhere VISA is accepted! Bought iphone and car with it
I guess spending $84 mln is quite different from just buying an iPhone
What he is saying is you can hold BTC and then when you spend it, the BTC gets converted to fiat at the time you spend it. In other words, you can save in BTC instead of immediately converting to fiat. This allows you to take advantage of BTC's deflationary attributes.
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#149This is so inspiring. Thank you.
Re: Pineapple Fund: Donating $86M of Bitcoins to Charity
#150People spend their entire lives focused on wealth accumulation. Bitcoin has endowed many people with financial means in a way completely orthogonal to their day-to-day work. Say what you will about bubbles, but this "fund manager's" perspective is healthy check on reality.
bitcoin is just extortion on craze of the crowd. if no income is been generated by it, then its value is arbitrary. an investment asset needs a cash flow to repay investment and then some. bitcoin has none. i admit bitcoin is not the only asset that has this characteristic.