Bitcoin as Means of Donation - page 2.

Assface16678

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Quote from: plvbob0070 on March 12, 2020, 11:24:13 AM

If others are using Bitcoin to do illegal transactions, why not use it to do good right? I've seen a lot of articles already for the past few months that they will be adapting crypto donations. This is actually a good step for crypto to be known and to be accepted by people. It's also a way to correct other's mindset of what they think about crypto. Some think of crypto as a scam and illegal but with this donation opportunity, it can make them realize that they are wrong. Aside from that, we can maximize the use of Bitcoin with this while it's still in the process of mass adaption.

I hope that we will be able to see more things like this to brighten our days. It feels great to see this kind of news in times when almost all current issues are bad news. And that the use of Bitcoin won't just be limited to foundations but also bigger companies will accept Bitcoin and another cryptocurrency. I also hope that we crypto users won't be afraid of trying this thing because we're the ones who need to try it to encourage non-crypto users to also try crypto options.

Before we are seeing the use of the bitcoin is just an illegal payment or action to the people who do doing not good but it is better if we change this norms what if we use the bitcoin for making a payment for donation because today there are a lot of people making trouble to their economic status and it is better if we help them because most of the users today are now using the cryptocurrency because it is faster and secured than the use of traditional payment because before we need to transfer the money to other people before it gets by the receiver but with the help of the bitcoin and cryptocurrency we can now make a lot of changes that we can now use the crypto to transfer easily the money and direct to contact and help them.

Anakcikal

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In my opinion, with the times and increasingly advanced technology, continuing to open a donation service with Bitcoin is an ecosystem of togetherness to build a better life that is more easily realized and can help people affected by disaster.

plvbob0070

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If others are using Bitcoin to do illegal transactions, why not use it to do good right? I've seen a lot of articles already for the past few months that they will be adapting crypto donations. This is actually a good step for crypto to be known and to be accepted by people. It's also a way to correct other's mindset of what they think about crypto. Some think of crypto as a scam and illegal but with this donation opportunity, it can make them realize that they are wrong. Aside from that, we can maximize the use of Bitcoin with this while it's still in the process of mass adaption.

I hope that we will be able to see more things like this to brighten our days. It feels great to see this kind of news in times when almost all current issues are bad news. And that the use of Bitcoin won't just be limited to foundations but also bigger companies will accept Bitcoin and another cryptocurrency. I also hope that we crypto users won't be afraid of trying this thing because we're the ones who need to try it to encourage non-crypto users to also try crypto options.

boyptc

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Quote from: CaVO32 on March 10, 2020, 07:53:23 PM

Quote from: boyptc on March 10, 2020, 07:26:55 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.

Yes, the recognition of bitcoin is already a big thing for the community. That's what is made for to be recognized as a payment and being a monetary medium just like fiat.

They are aware too, maybe, of the existence of the people who are holding it and probably want to send it as a donation.

btc78

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I will be glad to use this mate and thanks for sharing.

for couple of times i have supported some NGO's and send thru remittance centers but now having this?perfect for my needs.

anyway are this available worldwide?or there are only limited countries that can be sent donations?

danherbias07

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Quote from: Debonaire217 on March 10, 2020, 06:41:49 AM

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 will just quote the last part since I think this is an important one.

Personal interest. Don't we see it already with scam ICO's. If not personal then a team bad intention to just make money out of nothing.
They use bitcoin and Ethereum as means of payment to avoid tracks.
Although there is still a way.

It is not that different with donations since they are just using the offering word in exchange for their tokens.
We will see more of it once there is a news that bitcoin will grow again after the halving. News which are backed up by facts.

isaac_clarke22

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Quote from: Debonaire217 on March 11, 2020, 04:28:58 AM

Quote from: xvids on March 11, 2020, 02:00:32 AM

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Definitely, because it will undergo enormous amount of verification and might take days to fully verify and receive by the charities, unlike through bitcoin, the transaction speed will depend in the miners and verification is fast. Plus, the anonymity of the donor will be preserved.

Quote from: xvids on March 11, 2020, 02:00:32 AM

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The main thing I like about this is that people can donate no matter how much it is, and will not worry about being indentified. So, for some angels out there's with pure heart to donate, bitcoin is the best option to do so, just like what the other people here say about the mixers that they can use in order to make the transaction unidentifiable.

I never donated yet in the charity, because I don't know how it is supposed to be done. I am surprised that verification is being done to these yet, but good thing Bitcoin already covered that for us. I have a similar app to that though and it is being used in my country locally and it is Coins.ph. It is somehow a multi purpose and not just for donation though. I am happy that these donation through Bitcoin is being put into thought though and not just merely buying products in the internet.

Debonaire217

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Quote from: xvids on March 11, 2020, 02:00:32 AM

BTC would really help a lot for donations since it wouldn't take so long for them to receive the BTC unlike when the donation comes from other country then it would take some time.

Definitely, because it will undergo enormous amount of verification and might take days to fully verify and receive by the charities, unlike through bitcoin, the transaction speed will depend in the miners and verification is fast. Plus, the anonymity of the donor will be preserved.

Quote from: xvids on March 11, 2020, 02:00:32 AM

And also it would be much more easier for them to accept donations world wide when they accept BTC for their donations .
It would be a good for them and for crypto as well they would both gain attention and free publicity just like what this one.

The main thing I like about this is that people can donate no matter how much it is, and will not worry about being indentified. So, for some angels out there's with pure heart to donate, bitcoin is the best option to do so, just like what the other people here say about the mixers that they can use in order to make the transaction unidentifiable.

AniviaBtc

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Quote from: CaVO32 on March 10, 2020, 07:53:23 PM

Quote from: boyptc on March 10, 2020, 07:26:55 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.

If the crypto community give something for the society then they will know that bitcoin brings a positive vibes to those in needs. People should comprehend that bitcoin is not only about money, we want to inform other people that it will help us grow and help us unite as one. Bitcoin can be a source of income and at the same time, a source of peace and unity to other people. In addition, it will also help us to promote bitcoin to earn more respect and popularity so that people will become more knowledgeable about the advantages of cryptocurrency in our economy. Crypto community doesn't want you to give back after the donation, we just want you to know that crypto needs mass adoption and support by the help of the society and the government. Bitcoin really has an importance in the market and we need to take advantage to it for the people to grow.

xvids

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BTC would really help a lot for donations since it wouldn't take so long for them to receive the BTC unlike when the donation comes from other country then it would take some time.
And also it would be much more easier for them to accept donations world wide when they accept BTC for their donations .
It would be a good for them and for crypto as well they would both gain attention and free publicity just like what this one.

DarkDays

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Unless Bitcoin is being directly provided to the recipients, then I really don't see the benefit of adding Bitcoin as payment method to donation platforms—it just leads to less money eventually reaching the end-user.

After all, surely these platforms are going to have to cash out their BTC for cash, then they'll get charged a commission of let's assume 1% overall.

That means only 99% of the money actually ends up in their account for disbursement.

Simply sending the equivalent in cash to this same account would yield 100% of the value, thereby doing more to aid charitable causes.

I mean I can understand adding additional options for those who can ONLY pay with Bitcoin, but other than those rare cases, cash is simply better in this case.

That's my unpopular opinion on the subject.

samcrypto

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Quote from: boyptc on March 10, 2020, 07:26:55 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.

CaVO32

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Quote from: boyptc on March 10, 2020, 07:26:55 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.

boyptc

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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.

kezinaur14

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

Quote from: palle11 on March 10, 2020, 12:45:23 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.

Mpamaegbu

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Quote from: palle11 on March 10, 2020, 12:45:23 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.

Viclassic

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

hatshepsut93

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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.

dothebeats

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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.

palle11

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Quote from: Japinat on March 10, 2020, 09:15:49 AM

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.

Topic: Bitcoin as Means of Donation - page 2. (Read 566 times)