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Topic: Bitcoin as Means of Donation (Read 675 times)

Debonaire217 (OP)

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Bitcoin as Means of Donation

March 10, 2020, 10:41:49 AM
Last edit: March 10, 2020, 11:02:35 AM by Debonaire217

#1

Are you tired of explaining how we could use bitcoin as means of donation? Well, just a good news just come. The Human Rights has just announced that Bitcoin is now accepted in their platform as a good way to accept donation thru BTC pay server. They have said that bitcoin could be a tool for freedom, and donations will be used for their research and activities regarding human rights. See Link in here

Quote

For individuals in closed societies, or for anyone facing hyperinflation, capital controls, sanctions, or financial surveillance, Bitcoin can be a tool of freedom. Your donation of BTC will help HRF research and advocate for people's rights and liberties across the world.

With that all said, if we have a project, a charity as an example, it might be easier for us to seek for donations thru the means of bitcoin. That if people question why bitcoin? then a good answer is probably the latest news concerning human rights promotion of using bitcoin as donation.

Well, we have figured tons of usage on how we could utilize bitcoin. Donation through bitcoin is just one of it that we should take into consideration but just make sure that we are responsible enough and we'll take care of the funds without any bad intentions. Bitcoin has opened allot of opportunities that we could take, and we should know how to use it well. Remember, the development of bitcoin will be based on the people who are using it. We shouldn't make the reputation of bitcoin bad just because of our personal interest.

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Re: Bitcoin as Means of Donation

March 10, 2020, 12:08:06 PM

#2

Bitcoin is money. Of course, it could be given out as an option by charitable institutions and organizations for those who are interested to donate and would prefer to transact using Bitcoin. The good thing about Bitcoin donation is that you can keep track of it. You know the public address of the charity so everything is very transparent. You also know whether it is already moved or spent and to which address it is transferred. Donations in fiat do not give that feature.

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Re: Bitcoin as Means of Donation

March 10, 2020, 12:11:50 PM

#3

Quote from: Debonaire217 on March 10, 2020, 10:41:49 AM

Are you tired of explaining how we could use bitcoin as means of donation? Well, just a good news just come. The Human Rights has just announced that Bitcoin is now accepted in their platform as a good way to accept donation thru BTC pay server. They have said that bitcoin could be a tool for freedom, and donations will be used for their research and activities regarding human rights. See Link in here

Quote

For individuals in closed societies, or for anyone facing hyperinflation, capital controls, sanctions, or financial surveillance, Bitcoin can be a tool of freedom. Your donation of BTC will help HRF research and advocate for people's rights and liberties across the world.

With that all said, if we have a project, a charity as an example, it might be easier for us to seek for donations thru the means of bitcoin. That if people question why bitcoin? then a good answer is probably the latest news concerning human rights promotion of using bitcoin as donation.

Well, we have figured tons of usage on how we could utilize bitcoin. Donation through bitcoin is just one of it that we should take into consideration but just make sure that we are responsible enough and we'll take care of the funds without any bad intentions. Bitcoin has opened allot of opportunities that we could take, and we should know how to use it well. Remember, the development of bitcoin will be based on the people who are using it. We shouldn't make the reputation of bitcoin bad just because of our personal interest.

I would first of all say congratulation to the crypto community for yet another win in this space. The human rights watch is a reputable body and if it now accept Bitcoin as a means of donation for sponsoring its operation, then it is a big news for crypro lovers. That been said, factors such as low transaction fees, speed of transactions and privacy of donor and most especially transparency might be amongst the many reasons why the body has opted to accept Bitcoin as a means of donation. Bitcoin remains a solid store of value and will become more popular as days roll by.

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Re: Bitcoin as Means of Donation

March 10, 2020, 12:14:49 PM

#4

There are a lot of organisations globally that accepts bitcoin as means of donation. Such as:

Electronic Freedom Foundation
Freedom of the Press Foundation
Green Peace
National Red Cross

I guess this non-profit organisations are just taking advantage of crypto, to reach wider audience and of course get the needed funding. Donations are (pseudo)-anonymous and you can give any amount in crypto that can make a big difference.

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Re: Bitcoin as Means of Donation

March 10, 2020, 01:00:48 PM

#5

Bitcoin donation is now becoming common. Although it has been used in the past as well as we can think of and accordiing to wikipedia
https://en.bitcoin.it/wiki/Receiving_donations_with_bitcoin

Although bitcoin is a digital asset, but, can be converted into fiat within minutes. That is why they are also digital currencies.
With time, more organizations will accept bitcoin as a means to donate.

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Re: Bitcoin as Means of Donation

March 10, 2020, 01:15:49 PM

#6

If we like it easy then bitcoin donation should be implemented, actually this is more transparent compared to fiat being donated as there is a bank secrecy law if it goes through the bank account and we can't track the cash movement, with bitcoin, we have the blockchain which is the public ledger which is easier to track when the amount is liquidated, more transparency would result to more people donating.

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Re: Bitcoin as Means of Donation

March 10, 2020, 01:53:45 PM

#7

Quote from: Japinat on March 10, 2020, 01:15:49 PM

If we like it easy then bitcoin donation should be implemented, actually this is more transparent compared to fiat being donated as there is a bank secrecy law if it goes through the bank account and we can't track the cash movement, with bitcoin, we have the blockchain which is the public ledger which is easier to track when the amount is liquidated, more transparency would result to more people donating.

You can't track the financial transaction,but CIA can. Grin

Grin

Every government investigation agency can ask the bank for financial information.Even if they don't ask,I'm pretty sure that CIA is currently spying every bank in the world,even Swiss banks.

Quote

more transparency would result to more people donating

I don't think that there's a clear correlation between having more transparency and more donations.
If the donator's private info is revealed,they will refuse to donate.
Tracking how the donated funds are spent is a good thing,but I don't think that the BTC blockchain will help for that.

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Re: Bitcoin as Means of Donation

March 10, 2020, 02:05:41 PM

#8

Yet, this is a good news part of Bitcoin because it means it becomes more popular. Bitcoin as a means of donation uses worldwide is just help to have massive adoption and encourage more groups of people to use this. Probably because these charity sectors will also have benefit from accepting Bitcoin or crypto donation.

Imagine that you can easily collect and move funds through digital currency across borders is so fast and convenient way. Not just only locally but this is also all over the world.

Reply above was right, this is because of transparency through distributed ledger technology eases data sharing that everyone sees publicly.
That is the reason why more organizations in charity sectors are jumped into using crypto in collecting funds.

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Re: Bitcoin as Means of Donation

March 10, 2020, 03:04:11 PM

#9

For us Cryptonians?then there are no problem about this and actually will give advantage to us if we wanted to donate in future.
the problem is do the majority will use this option?or only for Bitcoin users

if the target is worldwide then it may take a long before finally used of many but at least now we have option to use to remain our anonymity .
things that most of us wanted to remain.

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Re: Bitcoin as Means of Donation

March 10, 2020, 03:12:14 PM

#10

Reminder: Make your donations using 1 sat/B. They don't care if your donation reaches them today or tomorrow...

In fact i sustain that every bitcoin transaction should be done at 1 sat/B unless there is some sort of emergency. Say no to wallet traffic guessing nonsense, bitcoin transactions are cheap when you are in control.

So next time you wanted to gift $10 to someone, don't let the (idiot) wallet burn $5 to send, when a manual 1 sat/B fee could easily lower that to about 3¢.

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Re: Bitcoin as Means of Donation

March 10, 2020, 03:13:40 PM

#11

Quote from: davis196 on March 10, 2020, 01:53:45 PM

If the donator's private info is revealed,they will refuse to donate.
Tracking how the donated funds are spent is a good thing,but I don't think that the BTC blockchain will help for that.

If they will donate bitcoin, there's a lesser chance that their personal info will be revealed as they can use a mixer to hide the real address source of the funds, while if donation is through bank account, they can't do that as bank always ask for KYC, no KYC, no transaction.

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Re: Bitcoin as Means of Donation

March 10, 2020, 04:45:23 PM

#12

Quote from: Japinat on March 10, 2020, 01:15:49 PM

If we like it easy then bitcoin donation should be implemented, actually this is more transparent compared to fiat being donated as there is a bank secrecy law if it goes through the bank account and we can't track the cash movement, with bitcoin, we have the blockchain which is the public ledger which is easier to track when the amount is liquidated, more transparency would result to more people donating.

Transparency for cash or bitcoin depends on the parties and personalities involved.
For instance for bank transfers or cash to get to the beneficiary, the proper account details should be sent to the sender or donator. Likewise for bitcoin, if beneficial bitcoin wallet address is not provided to the sender and get compromised for another's wallet, it doesn't get to the beneficiary wallet but to the fraudulent wallet sent to receive the donation. This is my point about personality and third parties.

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Re: Bitcoin as Means of Donation

March 10, 2020, 05:44:09 PM

#13

It's good that more and more organization and humanitarian causes are accepting bitcoin into their funds. After all, bitcoin is money and can be exchanged for fiat, though the avenues and shops that accepts bitcoin for the need of the organization is still low. Even so, I suggest that people donate their bitcoins into movements and organizations that need not fast liquidation of funds such as the coronavirus cause and/or the likes since they really need to buy supplies as fast as possible.

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Re: Bitcoin as Means of Donation

March 10, 2020, 06:10:41 PM

#14

I'm always pleasantly surprised when I browse some sites and I see that there's an option for Bitcoin donations. And it really makes sense to accept Bitcoin, even if you aren't a Bitcoin enthusiast, just because there's no fixed minimal fees, so when people donate small sums, majority of it goes to its destination. Lightning Network will further improve this by making transactions nearly free and enhancing privacy, which is a problem with donations because people often reuse the same address for them.

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Re: Bitcoin as Means of Donation

March 10, 2020, 06:36:07 PM

#15

Bitcoin is one mean or medium to make donations of any amount without been monitored of supervised by any agency to question the sender...

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Re: Bitcoin as Means of Donation

March 10, 2020, 08:46:04 PM

#16

Quote from: palle11 on March 10, 2020, 04:45:23 PM

For instance for bank transfers or cash to get to the beneficiary, the proper account details should be sent to the sender or donator. Likewise for bitcoin, if beneficial bitcoin wallet address is not provided to the sender and get compromised for another's wallet, it doesn't get to the beneficiary wallet but to the fraudulent wallet sent to receive the donation. This is my point about personality and third parties.

It's about time people recognized the global impact Bitcoin has manifested. It's as easy as ABC while making transactions with Bitcoin unlike while doing so through Fiat transaction. The third party situation is already taken care of. Besides all this, what should matter now in the crypto industry is mass adoption.

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Re: Bitcoin as Means of Donation

March 10, 2020, 10:14:45 PM

#17

Quote from: Mpamaegbu on March 10, 2020, 08:46:04 PM

Quote from: palle11 on March 10, 2020, 04:45:23 PM

For instance for bank transfers or cash to get to the beneficiary, the proper account details should be sent to the sender or donator. Likewise for bitcoin, if beneficial bitcoin wallet address is not provided to the sender and get compromised for another's wallet, it doesn't get to the beneficiary wallet but to the fraudulent wallet sent to receive the donation. This is my point about personality and third parties.

It's about time people recognized the global impact Bitcoin has manifested. It's as easy as ABC while making transactions with Bitcoin unlike while doing so through Fiat transaction. The third party situation is already taken care of. Besides all this, what should matter now in the crypto industry is mass adoption.

There's many iniciatives like Blockchain 4 humanity that were built with helping others in mind. I do also agree that third parties can just cash out on it, unless they're stablished in some way, helping others while being organized does require some keeping up, but it shouldn't dwarf the efforts done, in the sense that as long as the helping efforts outweigh those of personal gain for the companies involved then that's good. And that's what the blockchain precisely helps with, accountability made public.

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Re: Bitcoin as Means of Donation

March 10, 2020, 11:26:55 PM

#18

It is good to see when an organization, business or known personality declared that they are accepting bitcoin.

As part of adoption, they are looking to the possibility that bitcoin will be massively used and they didn't go wrong accepting it.

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Re: Bitcoin as Means of Donation

March 10, 2020, 11:53:23 PM
Last edit: March 11, 2020, 12:04:35 AM by CaVO32

#19

Quote from: boyptc on March 10, 2020, 11:26:55 PM

It is good to see when an organization, business or known personality declared that they are accepting bitcoin.

As part of adoption, they are looking to the possibility that bitcoin will be massively used and they didn't go wrong accepting it.

if those people or organizations accepted bitcoin as payment, then it translates the fact that they recognize that bitcoin has value in the market and they believe its existence. because if they have no slight trust in dealing with crypto, they won't accept it and will prefer to stick in fiat.

or they may be trying to explore their horizon in cryptocurrencies, either way, it is good for crypto adoption. remember, their fans and supporters will always find a way how to access their idols.

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Re: Bitcoin as Means of Donation

March 10, 2020, 11:59:23 PM

#20

Quote from: boyptc on March 10, 2020, 11:26:55 PM

It is good to see when an organization, business or known personality declared that they are accepting bitcoin.

As part of adoption, they are looking to the possibility that bitcoin will be massively used and they didn't go wrong accepting it.

Some organization started to accept bitcoin and also there are pure crypto organization that is helping many people and of course they accept bitcoin. The good thing here is that, you can easily donate money wherever you are without paying a higher peace, now if every country have this kind of organization then it will be more easy.

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