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Pineapple Fund's $56M Giving Spree

philanthropy.com

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Re: Pineapple Fund's $56M Giving Spree

#51

Post by craftyguy »

andruby wrote: post #12

For people who skip the article and go straight to the comments. This is indeed about the Pineapple fund [0]. [0] https://pineapplefund.org

Well yea, it literally says so in the title. Or do people just click on 'comments' without even reading the post title now?

Re: Pineapple Fund's $56M Giving Spree

#52

Post by craftyguy »

ISL wrote: post #13
philsnow wrote: post #3

I wonder if this is somebody really being philanthropic, or if they just control a ton of bitcoin that they can't access (for fear of taxation / Questions Being Asked), so they drop it on charities they're sympathetic to...

High-profile lavish giving to charities without paying taxes on income is a guaranteed recipe for a bad time. In my mind, this person is simply choosing to be charitable, a wonderful thing.

In the US, there's a limit to how much you can deduct in charitable donations from your tax obligation, and IIRC it's something like up to 20% of your taxable income. So unless PF has a taxable income > $56M * .2 (or whatever the actual amount is), they'd get very little tax benefit to making it rain this much. Assuming, of course, that they're in the US.

Re: Pineapple Fund's $56M Giving Spree

#53

Post by mmarcell »

supbitcoin wrote: post #20
andruby wrote: post #12

For people who skip the article and go straight to the comments. This is indeed about the Pineapple fund [0]. [0] https://pineapplefund.org

I have a question, how can you register a website by being anonymous ? I don't understand, anyone care to explain ? Thanks.

i highly recommend https://njal.la/ (you can use any email you want and pay with bitcoins)

Re: Pineapple Fund's $56M Giving Spree

#54

Post by ryanlol »

mmarcell wrote: post #53
supbitcoin wrote: post #20

Earlier quoted context omitted.

I have a question, how can you register a website by being anonymous ? I don't understand, anyone care to explain ? Thanks.

i highly recommend https://njal.la/ (you can use any email you want and pay with bitcoins)

There’s a UDRP precedent where the panel held that registering a domain via njal.la constituted bad faith, so their business may not be on entirely solid ground.

http://www.wipo.int/amc/en/domains/decisions/text/2017/d2017...

Re: Pineapple Fund's $56M Giving Spree

#55

Post by ryanlol »

supbitcoin wrote: post #20
andruby wrote: post #12

For people who skip the article and go straight to the comments. This is indeed about the Pineapple fund [0]. [0] https://pineapplefund.org

I have a question, how can you register a website by being anonymous ? I don't understand, anyone care to explain ? Thanks.

There’s absolutely nothing preventing you from registering a domain with fake information... Especially when paying with bitcoin.

Re: Pineapple Fund's $56M Giving Spree

#56

Post by anythingnonidin »

anythingnonidin wrote: post #25

Really great to see MDMA research (MAPS, Multidisciplinary Association for Psychedelic Studies) get funded by Pine. MDMA seems to be a high potential therapy. I hope the next crypto philanthropist funds other psychedelic research, e.g. Heffter Research. https://heffter.org/ Psilocybin and classic psychedelics also seems to be very high potential - e.g. for addiction [0], problem solving/creativity [1], and for depres…

Looks like Pineapple Fund donated some to http://csp.org/psilocybin/, awesome!

Re: Pineapple Fund's $56M Giving Spree

#57

Post by andruby »

craftyguy wrote: post #51
andruby wrote: post #12

For people who skip the article and go straight to the comments. This is indeed about the Pineapple fund [0]. [0] https://pineapplefund.org

Well yea, it literally says so in the title. Or do people just click on 'comments' without even reading the post title now?

The title was changed to include "Pineapple Fund". At the time of my comment it said something like "Wealthy Bitcoin Millionaire ..." and the first thing I, and probably others, wondered is if there was a second person following Pine's example.

Re: Pineapple Fund's $56M Giving Spree

#58

Post by celticninja »

lucbocahut wrote: post #14

The source of the funds should be a concern for the charities involved in my opinion. I find the recipients a little quick to praise the donor with little being said about how the bitcoins were obtained. Maybe this information was simply not made public, and that would be fine if there was due diligence. However the fact more established institutions did not receive gifts is an eyebrow raiser: it is more likely these…

The blockchain is public, the source of the coins can be tracked, not to an individual, but if they were 'tainted' coins e.g from a known silk road wallet, or from a major hack we would already know. Even if they were tumbled or rinsed through alt coins it would throw up some flags based on the transactions that fed into the main wallet address(es), and you can bet people have trawled through the transaction history of the pineapple fund wallets by now.
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