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Ripple fully funded every live DonorsChoose classroom project yesterday

donorschoose.org

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Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#31

Post by nataz »

yellow_postit wrote: post #11

This is great for many of the projects but there's a down side to donors choose I wouldn't have realized before taking to some teachers. Anecdote warning: family member works in a public school district where the principal and committees won't even investigate funding requests till the teacher has put something up on donorschoose.

How is that a downside? It's too bad that schools are underfunded and can't meet every funding request, but given that is the current state of affairs why not post a grant request on donors choose? It's not that difficult, and some projects that have no chance of getting funding from the annual school budget have a pretty decent chance of getting funding online.

My wife's school strongly suggests that she submit a project every year. If it's funded, good for her and the students in her classroom. It's also good for the school since they can then allocate available funding for infrastructure or larger programmatic support (e.g. ESL, special needs, etc.). It's not that the administrator doesn't want to fund her projects, it's just that her requests sit in a huge pile of unfunded requests and something has to give.

Source: wife is a teacher who has successfully funded projects through donors choose.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#33

Post by mistercow »

Waterluvian wrote: post #12

When I think about large-scale donations I think about Melinda and Bill Gates. They don't just donate large sums of money, they donate their time and talent and take their efforts very seriously. They work hard to see every penny well-spent in an effective manner. That being said, I would love to witness a super-rich person throw a one-time insanely large lump sum of money at some problem. Like, "Here's 50 billion do…

I think it's bad that people prize volunteering time and direct effort over monetary donations. Rich people are free to spend their time on whatever they like, of course, but comparative advantage applies as much to charitable efforts as it does to any other enterprise. If you're best at managing charities, you should do that. If you're able to earn vast sums of money doing something else, it's more efficient to do that, and then pay someone else to manage the charity.

>Like, "Here's 50 billion dollars. Free mammograms to anyone on the planet until the money runs out." It would be nice to see a global respite from some sort of issue.

That would cover one mammogram for every woman in America. If donated to anti-malaria charities, it would save about 25M lives (more or less, according to GiveWell's estimates, which may not scale to that much funding). According to the Bill and Melinda Gates Foundation, that's a little over half of what it will eventually cost to eradicate malaria.

Solving the world's problems is expensive.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#34

Post by amingilani »

Objectively, here's what this does:

1. FUND MILLIONS OF STUDENTS (I don't think anyone can overstate how awesome this is)

2. Give Ripple Labs good press and put them on the front

3. Increases the supply of XRP which:

  - Means more XRP in the market in the market for more users

  - Drops the value per XRP making transaction costs cheaper
All that aside, let's all give Ripple a virtual high five for funding education. This is amazing!

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#35

Post by smt88 »

throw9991999 wrote: post #29

$29M worth of XRP going to a good cause. Great, cash out and make good use of it. The cynic in me sees this as a cheap PR move (an SVP of marketing promoting it doesn't help). Associating your token with a good cause gives it credibility in the eyes of the public which in turn leads to an increase in the XRP price in USD. Here's what I understand about ripple: - 100 billion XRP was created at inception with 20 billio…

Does it matter if it's a PR move or not?

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#36

Post by agorabinary »

throw9991999 wrote: post #29

$29M worth of XRP going to a good cause. Great, cash out and make good use of it. The cynic in me sees this as a cheap PR move (an SVP of marketing promoting it doesn't help). Associating your token with a good cause gives it credibility in the eyes of the public which in turn leads to an increase in the XRP price in USD. Here's what I understand about ripple: - 100 billion XRP was created at inception with 20 billio…

The only reason Ripple is worth anything is because of PR to convince the world that a wholly premined coin that isn't even necessary to use the Ripple network holds any value at all. So... a $29 million PR move to boost a $22 billion PR move?

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#37

Post by downandout »

This is great, but since this move added no new traders to the market and instead added a bunch of people that will dump their XRP instantly, doesn’t this hurt current holders? I wonder how much this had to do with the 5% price drop today [1]. It seems like what they really did was take traders’ $29 million and donate it, except they had no choice in the matter. Not that this is a bad way to spend one’s money, but I’m sure at least some holders would have liked a choice in the matter.

Also, for the teachers, what happens if the price falls before they can dump and their projects have a shortfall?

[1] https://coinmarketcap.com/currencies/ripple/

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#38

Post by breerly »

smt88 wrote: post #35
throw9991999 wrote: post #29

$29M worth of XRP going to a good cause. Great, cash out and make good use of it. The cynic in me sees this as a cheap PR move (an SVP of marketing promoting it doesn't help). Associating your token with a good cause gives it credibility in the eyes of the public which in turn leads to an increase in the XRP price in USD. Here's what I understand about ripple: - 100 billion XRP was created at inception with 20 billio…

Does it matter if it's a PR move or not?

Yes.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#39

Post by rickycook »

nataz wrote: post #31
yellow_postit wrote: post #11

This is great for many of the projects but there's a down side to donors choose I wouldn't have realized before taking to some teachers. Anecdote warning: family member works in a public school district where the principal and committees won't even investigate funding requests till the teacher has put something up on donorschoose.

How is that a downside? It's too bad that schools are underfunded and can't meet every funding request, but given that is the current state of affairs why not post a grant request on donors choose? It's not that difficult, and some projects that have no chance of getting funding from the annual school budget have a pretty decent chance of getting funding online. My wife's school strongly suggests that she submit a pr…

because it should be up to a knowledgeable central body of experts whose job it is to decide how best to allocate education money in order to do the most good

not arbitrary private citizens who see a “good idea” (that might turn out to just sound like a good idea) that helps a small segment of the population

*edit: i’m saying if you fix the education system, take that donor money and then make it available to all then everyone could benefit equally without having to beg for scraps for literally a countries future generations

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#40

Post by whoisjuan »

breerly wrote: post #38
smt88 wrote: post #35

Earlier quoted context omitted.

Does it matter if it's a PR move or not?

Yes.

No it doesn't, because at the end those kids will get 29 million dollars worth of materials and educational resources. I wish more PR moves were about donating and helping those in need.
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