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Ripple fully funded every live DonorsChoose classroom project yesterday

donorschoose.org

51–60 of 112 posts

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#51

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. Thi…

> Increases the supply of XRP which

Wait, it does? I thought one of the unique aspects of ripple was that all of the coins were pre-mined so the supply is finite. Right?

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#52
post #35

$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?

If a PR stunt helps a good cause, I'd say it's a win-win.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#53
post #50

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’…

Wait... people who bought into a currency that is majority-owned by one entity would like some say in how that entity spends it?

How that compares to fiat money where the central bank can print more money as it wishes?

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#54
post #3

That's killer, thanks Ripple! $29MM! Page isn't loading but this is from the subject of the blog; #BestSchoolDay 2018: Every Project Funded! MARCH 27, 2018 STEPHEN BURKENEWS #BestSchoolDay is here! Last night, Ripple fully funded every single live DonorsChoose.org classroom project. That’s over 35,000 projects in one enormous $29 million dollar act of generosity. We literally don’t have words to express our gratitude…

> Do you not like teachers receiving money to help their students?

It's a shame that you need charities for such things.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#55

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…

Amancio Ortega, one of the top 5 richest person on earth and owner of Zara and few other brands donated 350M€ last year to the Spanish public healthcare system. We got new mammograms all over the country.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#56
post #20

Earlier quoted context omitted.

They aren't poorly funded. I live in a suburban / rural area. The public schools here get ~$15,700 per student. Good private schools here charge ~$10,000 per student, and yet offer much better education with 2/3 the funding.

Where do you live? The private schools may also get funding, and public schools have much higher expenses for special needs students etc. who are often not allowed to enroll at private schools.

Several private schools I know in west coast burbs get by on The point, though, is that there is an incredible amount of bloat in the public system. Funding amounts themselves are not a primary problem, though perhaps allocation of funding is!

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#57

$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…

When does it become not a cheap PR move?

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#58
post #38

Earlier quoted context omitted.

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.

It does to me because I value selfless donations more than those with an ulterior motive. Of course a donation to a noble cause is always a good thing regardless of that but it doesn't mean that you shouldn't discuss its motives.

I don't think anybody here is arguing that this donation is a bad thing.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#59
post #46

Earlier quoted context omitted.

On the one hand, I’m very proud of how much it can help with such a small donation. On the other hand, I’m depressed it has to come from donations. Seriously, what is wrong with adults these days kicking the door closed behind us?

Propaganda mostly from the Republican party has convinced a great deal of people that Education is a waste of money. This is obviously stupid and false. Apologies for getting political, but I come from a family of teachers in two red states (actually three now, thanks Wisconsin, you do love to hate yourself), and we're out of fucks to give. EDIT: I know we don't like to get political here, but the question was "Why i…

> Propaganda mostly from the Republican party has convinced a great deal of people that Education is a waste of money.

That's a misrepresentation. Plenty of them some care very much about fixing education and funding it. Just the kind the find most effective:

https://www.youtube.com/watch?v=H0Zh96wc01k

The difference, as the video mentions, is that they always gets attacked as being 'anti-education', depsite intentions and data supporting their efforts, largely by the heavily entrenched people and organizations who have most to gain from keeping the same status-quo systems. Ie, the massive top-heavy administration that controls pubic education, unions, pension funds, etc. They have plenty of political pull.

Ultimately that is very much equally propaganda, is it not?

The right also tends support more state financing and control of education, and funding towards education has increased dramatic in states for decades. The only thing that has stagnated (but hardly declined) is federal spending:

https://www.usgovernmentspending.com/education_spending

And percentage of GDP spending for education has hardly dipped under republicans either:

https://www.usgovernmentspending.com/education_chart_20.html

Words are always valued over actions and the ideology of a few extremists always seem to always take precedence over data and tangible outcomes. Which is why I hate debating this subject.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#60
post #57

$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…

When does it become not a cheap PR move?

When it actually costs something to the donor? If somebody living below the poverty line donates $100 to a cause it's a pretty selfless act. If Bill Gates does it then not so much.

It's great that Ripple decides to donate money to charities but it's not like they're making a huge sacrifice here. Given the highly speculative market surrounding crypto the good PR this gives them might very well end up making them significantly more money than what they donated.

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