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Topic: Bitcoin Omega Scholarship - page 2. (Read 3447 times)

vip
Activity: 1052
Merit: 1155
November 29, 2013, 09:08:07 AM
#6
On behalf of the official wallet sponsor www.blockchain.info/wallet, I pledge 2 bicoins.

Blockchain is happy to provide free technical support setting up their wallet to anyone who needs it as well.
legendary
Activity: 1227
Merit: 1000
November 29, 2013, 09:01:59 AM
#5
I think there should be one or a small set of trusted intermediaries if someone seeks to donate only a small amount. Or would that still go through to a student in need?

The idea is to make everything extremely transparent. So student Bitcoin addresses would be public and visible on their blogs. As would the school's.

That way small donors can help directly, again with no intermediaries. (Although obviously teachers and parents would be supervising everything)

My experience with NGOs in Africa in the past is that more than half of what you donate is lost in the way, be it because of "structural" costs or other issues. We want to make sure that 100% of our donated money reaches its intended recipient. We also want to have as much transparency as possible on how the recipient spends it.

If as a positive side effect we also create a Bitcoin-savvy generation in Ghana... it will be a win-win-win all around.
hero member
Activity: 784
Merit: 500
November 29, 2013, 08:58:33 AM
#4
I think there should be one or a small set of trusted intermediaries if someone seeks to donate only a small amount. Or would that still go through to a student in need?
hero member
Activity: 812
Merit: 1006
November 29, 2013, 08:53:44 AM
#3
Hi, LocalBitcoins.com is on board on this project. We will pledge 1 BTC to start, and more when the project proceeds and we see some results.
legendary
Activity: 1227
Merit: 1000
November 29, 2013, 07:04:38 AM
#2
We already have 2  3   4  5 sponsors lined up. So this is happening for sure. Anybody who can contribute in ideas or BTC is welcome to help. Although we would like to start small and then grow the project as we see some results.

Sponsors                      BTC
  
1. BlockChain.info            2.00
2. LocalBitcoins.com        1.00
3. flix                            1.00
4. evoorhees                  1.00
5. marcus_of_augustus    1.00
6. Bitinstant                   1.00
7. Coinabul                     1.00
8. bitdragon                   1.00
9. halfcab123                 1.00
10.


I am going to limit the first round to 10 sponsors. We want to make sure that we do this right and that we get the most bang for our buck in terms of changing the world. When we start seeing results, we'll grow the program as much as possible.
legendary
Activity: 1227
Merit: 1000
November 29, 2013, 07:02:44 AM
#1
Bitcoin Omega Scholarship
 
Hey guys,
 
You might have heard of the Omega Schools in Ghana:
 
http://www.omega-schools.com/
 
…they are a for-profit, pay-as-you go, private schools aimed at low income kids.
 
Their business model is admirable and they are enjoying great success with kids and parents.
 
I believe that one of the most liberating things about Bitcoin is that it will allow people with an internet connection to work from anywhere in the world. I also think that it will help many people in Africa overcome the political, geographic and monetary barriers that they currently suffer under.
 
So I want to fund a Bitcoin Scholarship in partnership with Omega Schools.
 
Bear in mind that tuition at an omega School averages 130$ a year, so with very little we can help a lot of kids, at the same time as helping inspire the future programmers of the Bitcoin network…
 
However, and keeping with the spirit of decentralisation and capitalism that inspires Bitcoin, there will be several conditions that I think we should make part of this scholarship:
 
1. P2P: The scholarship must reach the kids directly. From donor’s Bitcoin wallet to the kid’s Bitcoin wallet.  (Obviously there will be adult supervision involved, but the wallet must belong to the kid and each donor will know who exactly is receiving the money). No intermediaries.
 
2. Reward hard work and talent: The scholarship will be awarded to kids that have shown academic excellence, especially in the fields of computer science, math or economics.
 
3. Public, open, transparent: Each of the scholarship recipients would keep a blog. Both to thank (and promote) their sponsor (if it is a company) and to show transparency (so that donors can know what is going on there). It would also ensure that our scholars get an early online presence and also help publicise the scholarship program to bring more donors in the future. It will also help write the history of the scholarship program.
 
4. TANSTAAFL: The beneficiaries of the scholarship must do something to help the Bitcoin network and earn their bitcoins. Programming, translating, writing, creating a Bitcoin business, creating art, helping local businesses accept bitcoin… whatever their teachers think is compatible with their age and a good learning experience for them.
 
We are open to suggestions and looking forward to your feedback.
 
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