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I don't get it. A non-profit is inherently a centralized entity. What's the point of using a blockchain in this scenario?
Is the donation still tax-deductible if you do it through a NFT?
Earlier quoted context omitted.
> Except for that it uses technology that harms the environment. Apparently it's on Ethereum. Ethereum is already using an hybrid PoW / PoS (proof of stake) chain and at some point the PoS chain should be the only one. It PoS works, the impact on the environment should be a rounding error.
Haven't people been saying this for at least 4 years?
I don't get it. A non-profit is inherently a centralized entity. What's the point of using a blockchain in this scenario?
Verifiable donations, fully transparent reporting/auditing, no restrictions on who can donate, NFTs tied to donations that can be used for virtue signaling online, etc.
I don't get it. A non-profit is inherently a centralized entity. What's the point of using a blockchain in this scenario?
Leveraging manias for social good sounds appropriately disruptive .. Is there a way to short NFTs? I wish I could proactively sell people's regret to them.
Earlier quoted context omitted.
Verifiable donations, fully transparent reporting/auditing, no restrictions on who can donate, NFTs tied to donations that can be used for virtue signaling online, etc.
A blockchain isn't necessary for any of these things, though.
Earlier quoted context omitted.
Except for that it uses technology that harms the environment. I don't think this trend is "fun" compared to a normal donation drive when it has these negative side effects.
The environmental harm of a single ethereum transaction is very low. Lower than a fundraising dinner. Please take your nitpicking elsewhere. They're literally aiming at saving thousands of lives and the comments are all focused on how bad NFTs are. Give me a break, talk about missing the point.
"No snowflake in an avalanche ever feels responsible" ~ Stanisław Jerzy Lec
No transaction individually harms the environment. The collection of all transactions harms the environment. This one transaction is part of that collection and it has potential to help attract people to the platform which will encourage more transactions in the future.
Leveraging manias for social good sounds appropriately disruptive .. Is there a way to short NFTs? I wish I could proactively sell people's regret to them.