That's great comparison.
Bank donations does not have transparency because they are not obliged to make transparency reports for all of the donations they have. Unlike with digital or bitcoin donations, the donators can track the transaction from the wallet they sent the cryptocurrency. The ledger or blockchain technology is helping the transaction more reliable and transparent. You can see how the address spend the funds that they have. You can see it anywhere in globe. That's why when the online selling via btc payment will become popular and all transactions can be done online, no wonder fraud like banks will exist.
Topic: Bitcoin donation vs Bank donations (Read 1155 times)
with all the points you listed out and my knowledge of bitcoin, i prefer the use of bitcoin for donations to the use of banks. Through bank donations, there isn't always a transparency on how much has been raised as well as how the money is being used but with bitcoin, there's a hope of a redefined transparency where every can easily trace every penny and cannot be accessed by them unless the person that has the key to the wallet.
Bitcoin is more transparent and you will actually know if the money has been used for the better while in banks the only one who controls the money is the banker and the owner of the bank account that later he can use to send it to some dummy accounts.
Well obviously bitcoin donations is more transparent coz it is going to generate block whenever a transaction is going in and out, basically you'll see the every flow of the money with blockchain publicly. However with bank donation, though I haven't done it yet, I'm pretty sure they would not just give the list and the contribution and that's a hole where they can do shady things, they can simple move under the people's radar. I'm not accusing tho but that's maybe what it is. That's why i dont trust charities when it comes to donation.
Charities are good, don't get them wrong they really wanna help but you can't control every people under their institution those who have different life situation this is where the things might go off. 
I do think the problem will be :
1. Volatility
2. People usually don't have BTC , not everyone has it , so they prefer donating in Fiat
I guess when you are in this forum for so long you won't think about it.
great to see those Charity example above,just now that i come across those project and Gives me a chance to donate even at least small amount.
But about Choosing Between Bitcoin or banks donation?
I think i would choose Bitcoin because in this we have more option to follow our Money.
I must admit that all my money is i hardly accumulate specially this pandemic but i am willing to help because i am lucky not to become the one who needs help.
Didn't mean it that way but if it did reach you by this means then I am thankful also.
We could all help even in our small ways.
1. After donating a certain amount of money, do you want to know if others are doing the same thing?
I do. It encourages me to do it again when I see everyone doing the same thing.
2. Do you want to know much is the collected amount?
I do.
3. How about an idea of how much they spent?
Yes.
Some may say, "You are helping, why question the aftermath?".
I do care and that's why I want to see where it will end up.
In my opinion, that's being a responsible donator.
Maybe this could also end corruption in charities. Let's face it, it's happening everywhere.
Kids are innocent and have pure heart. What if they asked you to donate their savings for a certain place which was hit by a disaster?
As an adult it is your duty to be responsible for the outcome of it.
So that, if they will ask again what happened to their donation, you can answer them as best as you could.
You teach and you learn.
So, I tried to compare how it's done in BTC against bank donations.
Here are examples of our great forum member's initiative to help Covid-19 infected and affected people.
Project Covid-19: An approach to support the Bitcoin community
by: Royse777
Project Covid-19: Supply to 50 families in Nigeria outside my community {Update}
by: CryptopreneurBrainboss
[SERVICE] Julerz's Campaign Management [Fee will be donated]
by: julerz12
Bitcointalk Charity Program Signature Campaign - Give Hope To Everyone...
by: cabalism13
Let's use the program of cabalism13 as an example.
The amount of bitcoin received for cabalism13's charity program is being escrowed by bl4nkcode at this address.
1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx
Now, it's easy to track it. Just go to a trusted block explorer and search it.
https://blockchair.com/bitcoin/address/1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx
If you donated the funds through bank accounts. How will you track the balance of it?
I have no idea. I haven't used banks for a long time.
I just know there is an account privacy so you will need to have permission from the owner (please correct me if I'm wrong) unlike my example above.
Another good thing:
Transparency once again.
cabalism13 will cash out some of the bitcoins to buy necessities for the selected charity.
Read the whole thread I linked above and you will see how transparent they are for every satoshi they will spend.
One example:
https://bitcointalksearch.org/topic/m.54523001
After all my rumbling, what did you realize?
Is donating through bitcoin better than using banks or digital money services?
Have you ever ask yourself how your donations were used?
Had you been a responsible donator or just blindly doing it?
Stay safe and healthy. Share your love and make others smile even in these bad times.
PS: I am not their promoter but I had already seen a lot of corruption and scam charities.
Trust me, this is a better choice.
I do. It encourages me to do it again when I see everyone doing the same thing.
2. Do you want to know much is the collected amount?
I do.
3. How about an idea of how much they spent?
Yes.
Some may say, "You are helping, why question the aftermath?".
I do care and that's why I want to see where it will end up.
In my opinion, that's being a responsible donator.
Maybe this could also end corruption in charities. Let's face it, it's happening everywhere.
Kids are innocent and have pure heart. What if they asked you to donate their savings for a certain place which was hit by a disaster?
As an adult it is your duty to be responsible for the outcome of it.
So that, if they will ask again what happened to their donation, you can answer them as best as you could.
You teach and you learn.
So, I tried to compare how it's done in BTC against bank donations.
Here are examples of our great forum member's initiative to help Covid-19 infected and affected people.
Project Covid-19: An approach to support the Bitcoin community
by: Royse777
Project Covid-19: Supply to 50 families in Nigeria outside my community {Update}
by: CryptopreneurBrainboss
[SERVICE] Julerz's Campaign Management [Fee will be donated]
by: julerz12
Bitcointalk Charity Program Signature Campaign - Give Hope To Everyone...
by: cabalism13
Let's use the program of cabalism13 as an example.
The amount of bitcoin received for cabalism13's charity program is being escrowed by bl4nkcode at this address.
1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx
Now, it's easy to track it. Just go to a trusted block explorer and search it.
https://blockchair.com/bitcoin/address/1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx
If you donated the funds through bank accounts. How will you track the balance of it?
I have no idea. I haven't used banks for a long time.
I just know there is an account privacy so you will need to have permission from the owner (please correct me if I'm wrong) unlike my example above.
Another good thing:
Transparency once again.
cabalism13 will cash out some of the bitcoins to buy necessities for the selected charity.
Read the whole thread I linked above and you will see how transparent they are for every satoshi they will spend.
One example:
https://bitcointalksearch.org/topic/m.54523001
After all my rumbling, what did you realize?
Is donating through bitcoin better than using banks or digital money services?
Have you ever ask yourself how your donations were used?
Had you been a responsible donator or just blindly doing it?
Stay safe and healthy. Share your love and make others smile even in these bad times.
PS: I am not their promoter but I had already seen a lot of corruption and scam charities.
Trust me, this is a better choice.
great to see those Charity example above,just now that i come across those project and Gives me a chance to donate even at least small amount.
But about Choosing Between Bitcoin or banks donation?
I think i would choose Bitcoin because in this we have more option to follow our Money.
I must admit that all my money is i hardly accumulate specially this pandemic but i am willing to help because i am lucky not to become the one who needs help.
I'm for banks donation because this is much safer and been the traditional way of donating.
If it is traditional , it does not mean it is safer or better.
At the same time one should remember that most of the bank donations goes into the pockets of the government. I would like to state here that , due to Corona Virus , the foreign national students were supposed to be taken care of by the government.
Many people donated . Including the Big personalities for the kids in the college and it was all over the news about how the government would being the people abroad studying home.
Reality: Government asked to pay 2.5 times the normal air charges + additional charges for quarantine and even food , which was approximately 40$ a day for singer sitting.
Government is actually earning from both sides. Showing in the media and asking for donations and here what is happening is only known to people. Parents who can afford to pay that much are okay but for middle class this is a very difficult situation .
Dare I ask my government where did the money went ?
Dare I ask the US government if they did not have money for the PPE for the nurses , how they managed to bring PPE and other gear for the military AGAINST THEIR OWN PEOPLE.
When one military full equipment could have paid for 31 PPE !!
PPE= Personal Protective Equipment.
This is hilarious man the government is so corrupt and people are so gullible. Only if we can use blockchain there and see where all these donations are going. Politicians will be running for their lives in a matter of seconds.
I'm for banks donation because this is much safer and been the traditional way of donating.
1. After donating a certain amount of money, do you want to know if others are doing the same thing?
I do. It encourages me to do it again when I see everyone doing the same thing.
2. Do you want to know much is the collected amount?
I do.
3. How about an idea of how much they spent?
Yes.
Some may say, "You are helping, why question the aftermath?".
I do care and that's why I want to see where it will end up.
In my opinion, that's being a responsible donator.
Maybe this could also end corruption in charities. Let's face it, it's happening everywhere.
Kids are innocent and have pure heart. What if they asked you to donate their savings for a certain place which was hit by a disaster?
As an adult it is your duty to be responsible for the outcome of it.
So that, if they will ask again what happened to their donation, you can answer them as best as you could.
You teach and you learn.
So, I tried to compare how it's done in BTC against bank donations.
Here are examples of our great forum member's initiative to help Covid-19 infected and affected people.
Project Covid-19: An approach to support the Bitcoin community
by: Royse777
Project Covid-19: Supply to 50 families in Nigeria outside my community {Update}
by: CryptopreneurBrainboss
[SERVICE] Julerz's Campaign Management [Fee will be donated]
by: julerz12
Bitcointalk Charity Program Signature Campaign - Give Hope To Everyone...
by: cabalism13
Let's use the program of cabalism13 as an example.
The amount of bitcoin received for cabalism13's charity program is being escrowed by bl4nkcode at this address.
1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx
Now, it's easy to track it. Just go to a trusted block explorer and search it.
https://blockchair.com/bitcoin/address/1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx
If you donated the funds through bank accounts. How will you track the balance of it?
I have no idea. I haven't used banks for a long time.
I just know there is an account privacy so you will need to have permission from the owner (please correct me if I'm wrong) unlike my example above.
Another good thing:
Transparency once again.
cabalism13 will cash out some of the bitcoins to buy necessities for the selected charity.
Read the whole thread I linked above and you will see how transparent they are for every satoshi they will spend.
One example:
https://bitcointalksearch.org/topic/m.54523001
After all my rumbling, what did you realize?
Is donating through bitcoin better than using banks or digital money services?
Have you ever ask yourself how your donations were used?
Had you been a responsible donator or just blindly doing it?
Stay safe and healthy. Share your love and make others smile even in these bad times.
PS: I am not their promoter but I had already seen a lot of corruption and scam charities.
Trust me, this is a better choice.
I do. It encourages me to do it again when I see everyone doing the same thing.
2. Do you want to know much is the collected amount?
I do.
3. How about an idea of how much they spent?
Yes.
Some may say, "You are helping, why question the aftermath?".
I do care and that's why I want to see where it will end up.
In my opinion, that's being a responsible donator.
Maybe this could also end corruption in charities. Let's face it, it's happening everywhere.
Kids are innocent and have pure heart. What if they asked you to donate their savings for a certain place which was hit by a disaster?
As an adult it is your duty to be responsible for the outcome of it.
So that, if they will ask again what happened to their donation, you can answer them as best as you could.
You teach and you learn.
So, I tried to compare how it's done in BTC against bank donations.
Here are examples of our great forum member's initiative to help Covid-19 infected and affected people.
Project Covid-19: An approach to support the Bitcoin community
by: Royse777
Project Covid-19: Supply to 50 families in Nigeria outside my community {Update}
by: CryptopreneurBrainboss
[SERVICE] Julerz's Campaign Management [Fee will be donated]
by: julerz12
Bitcointalk Charity Program Signature Campaign - Give Hope To Everyone...
by: cabalism13
Let's use the program of cabalism13 as an example.
The amount of bitcoin received for cabalism13's charity program is being escrowed by bl4nkcode at this address.
1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx
Now, it's easy to track it. Just go to a trusted block explorer and search it.
https://blockchair.com/bitcoin/address/1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx
If you donated the funds through bank accounts. How will you track the balance of it?
I have no idea. I haven't used banks for a long time.
I just know there is an account privacy so you will need to have permission from the owner (please correct me if I'm wrong) unlike my example above.
Another good thing:
Transparency once again.
cabalism13 will cash out some of the bitcoins to buy necessities for the selected charity.
Read the whole thread I linked above and you will see how transparent they are for every satoshi they will spend.
One example:
https://bitcointalksearch.org/topic/m.54523001
After all my rumbling, what did you realize?
Is donating through bitcoin better than using banks or digital money services?
Have you ever ask yourself how your donations were used?
Had you been a responsible donator or just blindly doing it?
Stay safe and healthy. Share your love and make others smile even in these bad times.
PS: I am not their promoter but I had already seen a lot of corruption and scam charities.
Trust me, this is a better choice.
It is our Obligation being Donor to know where the funds goes because that money is our hard earned and we wanted to at least
go to right people or institutions,and how the recipient spent those
funds because more than any one else we must be updated in each transactions.Bitcoin can be easily checked since wallet are
not private and we can follow the trail.
and also you are asking about this question here in crypto so majority will answer in favor of Bitcoin of course.
Another thing is why we need to look at bank donation when
we mostly have funds in our crypto wallets?meaning we need to transfer our money from Bitcoin to bank first
before donating.i think this is much work to do and no
transparency .
Few benefits one can see from using blockchain :
1. Transparency of the funds
2. Assurance for the donators
3. Corruption will be tackled properly
I do think the problem will be :
1. Volatility
2. People usually don't have BTC , not everyone has it , so they prefer donating in Fiat
At the same time I do know that people who ask for donations usually prefer giving a full transparency to the donators using the receipts and all .
Here on our forum I have seen people actually using blockchain and the forum to assure the donators about what is being done with their money , which is amazing , this also attracts more people to donate and do good .
Transparency is a much needed with operations like these.
1. Transparency of the funds
2. Assurance for the donators
3. Corruption will be tackled properly
I do think the problem will be :
1. Volatility
2. People usually don't have BTC , not everyone has it , so they prefer donating in Fiat
At the same time I do know that people who ask for donations usually prefer giving a full transparency to the donators using the receipts and all .
Here on our forum I have seen people actually using blockchain and the forum to assure the donators about what is being done with their money , which is amazing , this also attracts more people to donate and do good .
Transparency is a much needed with operations like these.
My wife and her friends often raise donations, especially for orphans. They list orphans living below the poverty line around them by requesting data from the head of the RT (lowest division village). So that funds collected every week can be distributed alternately with increasingly broad coverage.
The activity every week is because the scope is only small, so the balance always becomes zero per week, and they provide a report on income and the child's name report that is given along with documentation of distribution of donations.
Wow. It's amazing. Maybe you could also input the name of charity your wife is running here. The activity every week is because the scope is only small, so the balance always becomes zero per week, and they provide a report on income and the child's name report that is given along with documentation of distribution of donations.
Who knows if someone out there may be reached by it and donate more and help the orphans.
Using a bitcoin wallet or bank account is the same for me because the donation coordinator makes the arrangements. The possibility of embezzlement of funds is on the side of not recording the incoming donations (in this case bitcoin is superior to blockchain technology) but how to ensure that funds are channeled to those who really need them. There is a need for a verifier.
Oh yeah, a verifier. I guess honesty will be the issue here. Charity might say it is not needed since they can provide all the list of how they spent the money.
A verifier could be a receipt but there is no such thing yet in bitcoin but just the address and transaction details.
Could there be a chance they will sign an address confirming it is owned by the orphan organization for example and then another for the charity organization just to proved?
I think it is hard to verify the donations if it is not thru charity organizations, but there is a way to confirm if it is via individuals/families that badly need assistance or relief goods. One thing that I've seen in those running btc donations here is that they are posting photos to where they sent the goods. Of course, we will not ask for the receipts anymore as we are trusting those members that they are doing what is right. But for those big donations that pledge charity organizations, I think we need some sort of confirmation from the organization's end that they indeed received the funds.
Whereas, if bank donations, we really have no way in knowing if they truly give all the funds to the respective individuals or organizations. We just trust those people that are in charge so if for example, I donate to them, I don't worry how they will spend it because once I donated, I trust them that they will do the necessary action.
No wonders some of our religious leaders in our country are very rich already, in the Philippines, religious organization are not taxable, so they can make a lot of money their followers. here's the list of our top richest religious leaders in our country.
https://www.opinionstage.com/silveraden/ten-wealthiest-religious-leaders-in-the-philippines
The number 1 is already a billionaire, and TAX FREE.
Speaking of church and charity, I'd rather donate of charitable institution as they are the ones who really act to use the money at the right purpose.
But then, since we are talking also about transparency that is why we compared bank vs bitcoin donations, then bitcoin always wins in that matter.
If I'm earning well again in the future, maybe I will try to consider making a consistent donation to the charity that I will choose, you need to have an excess money in order to help others as in my case, I have to make sure I will help my family and my relatives first before extending the help to other people, and I hope someday also I'll be able to send donation through bitcoin or any crypto coins.
My wife and her friends often raise donations, especially for orphans. They list orphans living below the poverty line around them by requesting data from the head of the RT (lowest division village). So that funds collected every week can be distributed alternately with increasingly broad coverage.
The activity every week is because the scope is only small, so the balance always becomes zero per week, and they provide a report on income and the child's name report that is given along with documentation of distribution of donations.
Wow. It's amazing. Maybe you could also input the name of charity your wife is running here. The activity every week is because the scope is only small, so the balance always becomes zero per week, and they provide a report on income and the child's name report that is given along with documentation of distribution of donations.
Who knows if someone out there may be reached by it and donate more and help the orphans.
Using a bitcoin wallet or bank account is the same for me because the donation coordinator makes the arrangements. The possibility of embezzlement of funds is on the side of not recording the incoming donations (in this case bitcoin is superior to blockchain technology) but how to ensure that funds are channeled to those who really need them. There is a need for a verifier.
Oh yeah, a verifier. I guess honesty will be the issue here. Charity might say it is not needed since they can provide all the list of how they spent the money.
A verifier could be a receipt but there is no such thing yet in bitcoin but just the address and transaction details.
Could there be a chance they will sign an address confirming it is owned by the orphan organization for example and then another for the charity organization just to proved?
legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
No wonders some of our religious leaders in our country are very rich already, in the Philippines, religious organization are not taxable, so they can make a lot of money their followers. here's the list of our top richest religious leaders in our country.
https://www.opinionstage.com/silveraden/ten-wealthiest-religious-leaders-in-the-philippines
The number 1 is already a billionaire, and TAX FREE.
Speaking of church and charity, I'd rather donate of charitable institution as they are the ones who really act to use the money at the right purpose.
But then, since we are talking also about transparency that is why we compared bank vs bitcoin donations, then bitcoin always wins in that matter.
Donation for humanity from my point of view is based more on human relations and God, then the responsibility and empathy. Each person has different habits in donating, there are those who check the details before donating, there are also those who donate directly every time a humanitarian project touches their empathy.
My wife and her friends often raise donations, especially for orphans. They list orphans living below the poverty line around them by requesting data from the head of the RT (lowest division village). So that funds collected every week can be distributed alternately with increasingly broad coverage.
The activity every week is because the scope is only small, so the balance always becomes zero per week, and they provide a report on income and the child's name report that is given along with documentation of distribution of donations.
Using a bitcoin wallet or bank account is the same for me because the donation coordinator makes the arrangements. The possibility of embezzlement of funds is on the side of not recording the incoming donations (in this case bitcoin is superior to blockchain technology) but how to ensure that funds are channeled to those who really need them. There is a need for a verifier.
My wife and her friends often raise donations, especially for orphans. They list orphans living below the poverty line around them by requesting data from the head of the RT (lowest division village). So that funds collected every week can be distributed alternately with increasingly broad coverage.
The activity every week is because the scope is only small, so the balance always becomes zero per week, and they provide a report on income and the child's name report that is given along with documentation of distribution of donations.
Using a bitcoin wallet or bank account is the same for me because the donation coordinator makes the arrangements. The possibility of embezzlement of funds is on the side of not recording the incoming donations (in this case bitcoin is superior to blockchain technology) but how to ensure that funds are channeled to those who really need them. There is a need for a verifier.
After all my rumbling, what did you realize?
Is donating through bitcoin better than using banks or digital money services?
Have you ever ask yourself how your donations were used?
Had you been a responsible donator or just blindly doing it?
Stay safe and healthy. Share your love and make others smile even in these bad times.
PS: I am not their promoter but I had already seen a lot of corruption and scam charities.
Trust me, this is a better choice.
After all my rumbling, what did you realize?
Is donating through bitcoin better than using banks or digital money services?
Have you ever ask yourself how your donations were used?
Had you been a responsible donator or just blindly doing it?
Stay safe and healthy. Share your love and make others smile even in these bad times.
its incoming and outgoing transactions and as a donator then you would really have that kind of tracking if those funds are indeed being
used in the right way but it wont really be complete if you wont able to see if the said address receiver had used the money on where it should be.
Example into those forum charities above, you can really tell up that they do spent up those funds honestly which we can see directly on what
theyve been doing, they do show proofs of purchases and proofs of distribution which would even give more confidence to donate.
Bitcoin donation is more secure when it comes to accounting, but majority of the people trust banks than blockchain as only few of us are educated with crypto, and also, they will always consider the volatility of crypto which is risky if the price will go down, if there is a stable coin, then probably that is the best choice.
The volatility is not permanent. It's there only because Bitcoin lacks liquidity on exchanges and there's a lot of wash trading going on.
It doesn't change the fact that Bitcoin donations are not only more transparent but also more secure than their traditional counterparts.
That's because you trust them, you don't bother to verify how the ask are being spent, I understand, most people who make donations just give their full trust without a lot of questions, but mind you, even the church could be a corrupt institution, and in our country, a church already has a set of officers including the auditors which would verify the cash in/cash out of funds that the church own, and these are more trusted than those who are seeking for donation.
Well I do not want to talk about religious institutions much but from my observations in all these years my opinion about them is that they are just a business like everything else. In fact, it's the biggest and safest industry :-Phttps://www.opinionstage.com/silveraden/ten-wealthiest-religious-leaders-in-the-philippines
The number 1 is already a billionaire, and TAX FREE.
Speaking of church and charity, I'd rather donate of charitable institution as they are the ones who really act to use the money at the right purpose.
But then, since we are talking also about transparency that is why we compared bank vs bitcoin donations, then bitcoin always wins in that matter.
legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
That's because you trust them, you don't bother to verify how the ask are being spent, I understand, most people who make donations just give their full trust without a lot of questions, but mind you, even the church could be a corrupt institution, and in our country, a church already has a set of officers including the auditors which would verify the cash in/cash out of funds that the church own, and these are more trusted than those who are seeking for donation.
Well I do not want to talk about religious institutions much but from my observations in all these years my opinion about them is that they are just a business like everything else. In fact, it's the biggest and safest industry :-P 
They don't need to be force but for transparency purposes, they can publish their bank statement if those who donate will request for it, doing so will add some confidence to the people who donate that they also have a right to audit. I know for charity purposes most people who give donations does not ask for liquidation, but a per or institution who accept donation has the responsibility to be black and white.
Possible but not sure if anyone will bother to ask for it. I used to have a monthly direct debit with an organization who were looking after children in Africa. Every once in a while I used to receive thank you card from the children with the copies of the creative art works they were doing, a letter from the organization to thank me and other updates.I never bothered to ask them for more. Those regular updates were enough for me to have this feeling that they are working know that the organization also runs with the money we donate.
That's because you trust them, you don't bother to verify how the ask are being spent, I understand, most people who make donations just give their full trust without a lot of questions, but mind you, even the church could be a corrupt institution, and in our country, a church already has a set of officers including the auditors which would verify the cash in/cash out of funds that the church own, and these are more trusted than those who are seeking for donation.
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