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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?
Well so if the coin is totally useless, then at least funding charities with it is about as good as it gets right?
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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.
Many private schools run fundraisers throughout the year, so that cost is likely subsidized.
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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…
The Republicans probably want to stop the firehouse of money from flowing directly to the teachers union cronies who are supported by the Democrats.
Still, the utilitarian view on this is only good - it helps a good cause and is better than nothing. donorschoose only gains from this and every pledge that stands behind donorschoose.
People are always quick to scrutinize everything, but what do you do to help the underprivileged?
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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 signi…
False. Those $100 are not enough to save people from malaria but the kind of money Bill Gates has did; doesn't matter how much you fought to obtain a single dollar and then you donate it; it helps just as little as it you found it on the floor.
I'm not arguing that Ripple did a bad thing but I'm not in the position of somebody receiving the donation but rather in the position of a 3rd party who has to form an opinion about it. Clearly this is a good action on Ripple's part, as would be Bill Gates donating $100 to some charity but morally speaking it's not like it was a huge sacrifice. I'm very skeptical of the ethics of these cryptocurrency organizations and I'm not willing to suddenly consider them the "good guys" because they made a (for them) rather minor donation. As far as advertising campaigns go it seems like a pretty clever move that may well pay off way beyond $30millions for them.
There's no "False" or "True" when discussing the morals of these acts, you can make a good action for bad reasons and a bad action for good reasons. In practice it's great that Ripple did this though, regardless of the reasons, I agree with that.
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…
How is that a downside?
Have the foreign donors actually built a school? Or have they built a mansion for the army chief?
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.
Right. The US spends more per student than most similar countries. http://www.oecd.org/pisa/keyfindings/PISA-2012-results-US.pd...
$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…
It gets better. The intermediate layer is controlled entirely by Ripple and closed source. The coin only exists to provide 'liquidity' and improve confidence from financial institutions. In essence, Ripple is just a payment processor riding on the crypto hype and the coin is simply an unregulated stock. This is the latest attempt to pump prices and generate PR. No one makes money when prices are stable. (If anyone re…
Can u please elaborate what are the other traits a coin can exhibit other than providing value? And what are the other purposes of coins such as bitcoin/litecoin/ether etc.
$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?