Bitcoin as a medium for donations - page 5.

qwertyup23

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Quote from: icopress on July 12, 2022, 09:50:20 AM

Quote from: darkv0rt3x

How did you get people to trust you in the first place so that people make donations without fearing any scheme? I have no idea how you pulled that out! Is that because you're a well known forum contributor alone?

In fact, a green rating doesn't mean much to me in the current realities, since most users submit green tags for no reason.

Therefore, I think that the matter is in a personal relationship ... After all, most of my friends at the forum have been engaged in business with me for many years and know exactly who I am. In addition, on one of the first days of the war, one well-known forum regular asked me to pay attention to the current situation, so I'm here, so I'm doing what I have to do and not what I want.

I wholeheartedly agree with you, icopress.

Unfortunately, the majority of scammers in this forum are cloaked with green ratings as they take advantage of this position to misrepresent others. I remember, there was a situation where a famous local poster asked for a loan. His request was granted due to the green/positive ratings he accumulated overtime but he withdrew from the loan and leaving this forum again.

Positive and green ratings do not guarantee absolutely that your transaction with another person will be successful and safe. The only blanket of security that you can have is by checking if he/she has previously done multiple transactions involving the one that you are specifically asking for.

Zlantann

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These projects are all clear proofs that Bitcoin can be used in multi-dimensional ways profitably. Using Bitcoin in war-torn areas where accesses to financial institutions are very limited or even non-existing is a pointer that Bitcoin is here to solve the financial challenges of humanity. Bitcoin privacy feature seems to agree with the teachings of my religion that advises believers to give secretly. @1miau, @derBowler, @icopress your selfless service is commendable. Selfless giving is reaching out to people that cannot return back your kind gestures and that is what you guys have done. All I can say is thank you and keep up the good works.

kryptqnick

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If we're talking about the practical side of things, I do believe that Bitcoin is great for donations. The on-chain fees have been very reasonable for a while now, and donations usually don't have an urgency similar to that of paying in a coffee shop while there's a queue behind you, for example. It's also particularly convenient for international donations, and I've seen it with the case of Ukraine. If you're abroad and don't have a Ukrainian banking card, it can be tricky to send money because you usually need all sorts of details, and an international transfer can take whole day (or more if it's a Friday evening or during the weekend). With Bitcoin, it's super simple because there's just one thing (the address), and you just send the money there without entering any details about you or the receiver. As for the way of using the money, well, if you can't use BTC to buy things directly, you can sell it for fiat on a local exchange. And it's still easier this way than an international transfer (and also takes less time).

LeGaulois

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Quote from: Isoprofit on July 21, 2022, 07:25:05 AM

Then what? The same can be argued when you make a donation in fiat and even in toilet paper. No matter what currency is involved, the right way to use it is always up for debate.
You can surf the web and you will find some scandals about reputable organizations. Or stories about donations that were made through stolen credit cards. By the way, this case is not possible with Bitcoin (unless you hacked a wallet).

"bitcoin transactions are super quick and can help anyone in real-time."
Yes, that's right, but the banking system can be instant. Can bitcoin'stransactions be instant? Nope, so comparing the 'speed' is useless.
Only the point you are missing is that those collecting donations in crypto still need the banking system to convert to fiat anyway. So the problem is the same if people/organizations have some difficulties accessing the banking system (sometimes just to open a bank accont). Or in Africa, you want to send a donation in crypto when most of the people don't have access to the internet, and even electricity

Isoprofit

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Bitcoin is surely a great asset to donate. But what should matter is whether the person to whom you are donating the bitcoin will be able to make the right use of it or not. If not, it will be useless. Otherwise, there is no denying the fact that bitcoin transactions are super quick and can help anyone in real-time.

Toni Ross

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Indeed! Bitcoin has become a very popular way of making donations. And Lightning networks have worked as a catalyst in the process.

ireor

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Definitely, I agree with you

Bitcoin is a better option when it comes to donation than cash because of its nature of transaction, a transparent and decentralized way of sending money, the smoothness to send the money without the fear of linking cards when sending via fiat currency (which can be later hacked) etc. , I guess Bitcoin will soon be utilized for more greater causes

gunhell16

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Quote from: Marvell1 on July 13, 2022, 01:00:10 AM

Bitcoin is an asset, it is a currency, so it is the perfect means of donation. What I like most about bitcoin is that it can help us call for donations from all over the world, and supporting bitcoin donations won't be as cumbersome and complicated as how the banking system works and we won't have to fear that our donation will be gutted by any middlemen.

In case of those who want to support a donation but do not want to reveal their identity and make their donation public, bitcoin is the best choice.

You're right about that folks, What's even better about Bitcoin donation, any race in the world can donate to people in need as long as the address to which bitcoin is sent to a good person and has a pure desire to help others. really, and when that can be said if the donation that anyone will give is not wasted, I'm sure there is.

Fernando Gomez

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Bitcoin donations are almost saving Ukraine. Lightning network has made the transactions really easy and fast. Whereas if the same transaction of fiat has to take plans ity might even take days.

Marvell1

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Bitcoin is an asset, it is a currency, so it is the perfect means of donation. What I like most about bitcoin is that it can help us call for donations from all over the world, and supporting bitcoin donations won't be as cumbersome and complicated as how the banking system works and we won't have to fear that our donation will be gutted by any middlemen.

In case of those who want to support a donation but do not want to reveal their identity and make their donation public, bitcoin is the best choice.

gunhell16

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Quote from: icopress on April 03, 2022, 03:27:28 PM

1miau, Thanks for the mention... in fact the situation has improved significantly since the line of contact has moved 80 kilometers away from my city. In addition, you cited only routine tasks as an example. If someone has a desire, then in the thread there are links to other photographic materials (including those that I published reluctantly). I'll be doing another update soon as well, which means I'm still busy with it...as I don't have much choice.

All Peaceful sky above your head.

Honestly when I read and saw this link https://bitcointalksearch.org/topic/pov-war-in-ukraine-5387774, I found out how busy you are just to help the place where you are and your heart @icopress I discovered how you are working to help those affected in Ukraine. I'll just wait until next week so that I can also donate through this program that you are currently doing to the poor people affected by the war between Ukraine and Russia. It may be a small amount that I will donate but I hope it will also help to use even though I am only an Asian citizen but through Bitcoin donation I will be able to send my help that comes from my heart. God bless you Sir

icopress

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Quote from: icopress on February 28, 2022, 11:02:25 PM

This is more a generic question but I'm still not sure about the answer. So, you get donations in an address. Then, in order to make those donations actually valuable, you have to sell those Bitcoins for fiat so that you guys can purchase stuff locally. Is it like that that it works? Or what is the process?

Since the beginning of hostilities, the only possible way for me to exchange bitcoins for hryvnias was primitive exchangers, a list of which can be found on BestChange (terribly unprofitable commissions but there's nothing to be done). I think it is quite possible to exchange any commodity for bitcoins, but you must completely trust the person, otherwise you will learn in practice what a “wrench attack” is. And believe me, when I say this, I am not exaggerating at all, because, as sad as it may sound, at the moment there are enough psychopaths and alcoholics in my country who have been given weapons (a problem that I am sure the government will solve immediately after the end of the war).

bitzizzix

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Lightning network technology that enables instant processing of bitcoin transactions, blockchain transactions are faster and more efficient than traditional banking systems which can take days to process.
and the biggest benefit is being able to receive donations from all over the world directly without any third party involvement and also very transparent.
there is no denying that there are still many donations using fiat that are still dishonest, and donations using bitcoin are the best way to get away from fiat and will in every way be an illustration that bitcoin is good.
and i indirectly donate in some places in my area even though i have to convert it to fiat but it's thanks to bitcoin.

darkv0rt3x

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@icopress I would love to ask a few questions:

1 - How did you get people to trust you in the first place so that people make donations without fearing any scheme? I have no idea how you pulled that out! Is that because you're a well known forum contributor alone?

2 - This is more a generic question but I'm still not sure about the answer. So, you get donations in an address. Then, in order to make those donations actually valuable, you have to sell those Bitcoins for fiat so that you guys can purchase stuff locally. Is it like that that it works? Or what is the process?

Keep up the good work. That is a noble action from you

GeraldTucker

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Bitcoin has become a popular way of donating. Donation imo, is a great responsibility and a person should be aware of the legitimacy of the organisation you are donating in. There has also been a surge in the increasing number of scamming acts.

OcTradism

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With Lightning Network, donation will become more easily. Because donators can donate with smaller fraction of Bitcoin if they don't have big fraction of Bitcoin for donation.

Donation is always good because it helps us to keep warming up our soul by sharing, helping others and be kind with others.

Such donations are very helpful for people in need but make sure you have a good filtering process for your donation delivering. There are bad people who are not actually in need but try to cheat donation. Sad to have such people as they should stay outside and give such presents for others who in poverty and in need of help.

1miau

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Quote from: justdimin on April 16, 2022, 08:53:59 AM

All the other charities that accept bitcoin and helps people are doing a great work, if you are donating with bitcoin from the other side of the world, that shows your humanity and your love, you are a great person.

Of course, Bitcoin as a global medium for donations is just getting started.

Some updates for our campaigns:

The campaign from icopress is still ongoing, he's still helping in his area around Mykolaiv and his recent updates can be found here.
Unfotunately pro-Putin trolls flooded his topic and therefore, it's locked currently.

derBowler has also been several times in Ukraine, delievered material and processed transportations. He's currently preparing a new delievery here., where he's still short of some funds.

Donations are always welcome (donation addresses can be found in the second post).

justdimin

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It is seriously mind blowing how the whole world can get together and help each other out. Obviously there are a lot more other nations that could have used help but couldn't get the media attention or the pity, like how we all know Africa is doing badly in many nations or how Venezuela was doing badly, but there wasn't bombs raining by Russia there so we didn't care.

I am not sure if it's love for Ukraine or hatred for Russia that caused it, but at the very end I am happy that it's growing. All the other charities that accept bitcoin and helps people are doing a great work, if you are donating with bitcoin from the other side of the world, that shows your humanity and your love, you are a great person.

tranthidung

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Quote from: 1miau on April 03, 2022, 02:53:36 PM

Bitcoin is often accused to be completely useless but of course we know it is not true. Because Bitcoin is useful in various ways already and it will continue to be useful for many more cases when Bitcoin gets more established.

Bitcoin is not useless. If it is useless, it would be a dead coin after 13 years (since 2009). In fact, total transactions and total transaction value per second on Bitcoin network have increased significantly over time. In addition, the growth of Lightning Network in past 2 years are amazing.

The bullish case for Bitcoin. Please pay your attention on Lindy effect that is what we have been witnessing since 2009
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A very famous usecase for Bitcoin are already donations and Bitcoin as a medium for donations is gaining more support currently.

Donation or any other activities for good or bad intention, are just part of Bitcoin use-cases.

Quickset

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There are definite benefits to accepting Bitcoin as a payment method. First and foremost, you can accept donations from anyone in the world regardless of the currency they have chosen to use. You can also accept donations instantly and without any delays. You can also send donations without any fees or delays, which can be very helpful in situations where immediate aid is required.

Topic: Bitcoin as a medium for donations - page 5. (Read 1922 times)