Bitcoin100: Surely, This Can't be Right!!!

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: sadpandatech on December 31, 2011, 01:41:21 AM

Quote from: Bitcoin 100 on December 31, 2011, 12:07:58 AM

From Network for Good's website, I've gleaned the following:

100,000+ NONPROFITS COUNT ON US
DONATIONS DISTRIBUTED: $575 MILLION TO DATE!

Then I did the math.

100,000 X $600 = $60,000,000 that Network for Good (good for them) takes in--Minimum, A YEAR!

They have been online for over 10 years, therefore $575,000,000/10 = $57,000,000 a year on average they have collected and dispersed donations to date.

I would be happy with 10%--or less--with that business model in hand.

Note in the image that the charitable organizations still pay that 3% processing fee.

Aye, which means to have received 575mil in donations those charities gave up 17,250,000 just in 3% fees..

craziness

Sorry for the delay in replying, but had to find the right 'Madness' clip: http://www.youtube.com/watch?v=-qR0Uke2XNI (I was hunting for the scene in The Bridge on the River Kwai)

sadpandatech

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Merit: 500

Quote from: Bitcoin 100 on December 31, 2011, 12:07:58 AM

From Network for Good's website, I've gleaned the following:

100,000+ NONPROFITS COUNT ON US
DONATIONS DISTRIBUTED: $575 MILLION TO DATE!

Then I did the math.

100,000 X $600 = $60,000,000 that Network for Good (good for them) takes in--Minimum, A YEAR!

They have been online for over 10 years, therefore $575,000,000/10 = $57,000,000 a year on average they have collected and dispersed donations to date.

I would be happy with 10%--or less--with that business model in hand.

Note in the image that the charitable organizations still pay that 3% processing fee.

Aye, which means to have received 575mil in donations those charities gave up 17,250,000 just in 3% fees..

craziness

bitcoinbetas

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this ^^

BitPay Business Solutions

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Charities need to get on the bitcoin bandwagon, because they can now accept a payment from any country, for free, right from their website. For a 501(c)(3) we will process the payments for no charge.

Bitcoin 100

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Surely, This Can't be Right!!! Comments below the image.

As seen here: https://apply.networkforgood.org/productgallery.aspx

Quote

Become an Online Fundraising Superhero

Whether you're just getting started online or taking your activities to the next level, we're excited to help you get started--and succeeding!--online. Check off any and all products you'd like and we will get the process started for you.

From Network for Good's website, I've gleaned the following:

100,000+ NONPROFITS COUNT ON US
DONATIONS DISTRIBUTED: $575 MILLION TO DATE!

Then I did the math.

100,000 X $600 = $60,000,000 that Network for Good (good for them) takes in--Minimum, A YEAR!

They have been online for over 10 years, therefore $575,000,000/10 = $57,000,000 a year on average they have collected and dispersed donations to date.

I would be happy with 10%--or less--with that business model in hand.

Note in the image that the charitable organizations still pay that 3% processing fee.

I think it's time for a little disruptive innovation starting with charitable organizations, hence Bitcoin100. http://www.claytonchristensen.com/disruptive_innovation.html

Quote

Some examples of disruptive innovation include:

Disruptor Disruptee

Cellular phones Fixed line telephony
Community colleges Four-year colleges
Discount retailers Full-service department stores
Retail medical clinic Traditional doctor’s offices
Bitcoin Fiat

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