Dorsey to donate his 1st Tweet benefits to charity

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Quote from: Lorence.xD on March 24, 2021, 05:23:20 AM

It is not just for the image of the future NFTs that he is going to sell, that donation can be a useful thing for him when it is time to file the taxes, AFAIK there are tax exemption if you have a proof that you donated money to a charity and the tax exemption is equivalent to how much you have donated, that is why a lot of rich people donate the money when they auction some of their collections with paintings the most notorious items to be sold.

Yes, there is a tax exempt situation for each donation you make. The initial idea was that "you can either donate to government and government can spend that for the nation, or you could donate it to anyone you want yourself" because that's the case early when governments start and that is not really a cool idea to give your money to government for them to use it if you could pick where you want it to be used and that is why it started. Obviously it was abused, it has been some cases for rich people to make it look like they are donating to some place but get paid under the table and that is how they end up not paying taxes at all while paying taxes.

People who should pay billions, even tens of billions of dollars in taxes end up not paying anything. This is why I think donations should not be exempt from taxes, that way we would see who is the real philanthropist.

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Quote from: Lorence.xD on March 24, 2021, 05:23:20 AM

Quote from: ?? on ??

Whatever the reason Jack Dorsey made the $ 15M donation to charity, it's a good thing we should appreciate. Maybe Dorsey did it for imaging,
so that Dorsey looks good to the public. Because if there is no specific purpose, donations should be done secretly without the public knowing.
Which is nothing wrong if Dorsey did it for imaging. The most important thing is he has done a good deed that maybe not many people do.

It is not just for the image of the future NFTs that he is going to sell, that donation can be a useful thing for him when it is time to file the taxes, AFAIK there are tax exemption if you have a proof that you donated money to a charity and the tax exemption is equivalent to how much you have donated, that is why a lot of rich people donate the money when they auction some of their collections with paintings the most notorious items to be sold.

They're avoiding hyge taxes so donating to charities would be both beneficial to them and for their chosen charity. Sometimes, rich people only help for an exchange of something which like fame, escaping for their responsibilities and for reputation.

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Quote from: ?? on ??

Whatever the reason Jack Dorsey made the $ 15M donation to charity, it's a good thing we should appreciate. Maybe Dorsey did it for imaging,
so that Dorsey looks good to the public. Because if there is no specific purpose, donations should be done secretly without the public knowing.
Which is nothing wrong if Dorsey did it for imaging. The most important thing is he has done a good deed that maybe not many people do.

It is not just for the image of the future NFTs that he is going to sell, that donation can be a useful thing for him when it is time to file the taxes, AFAIK there are tax exemption if you have a proof that you donated money to a charity and the tax exemption is equivalent to how much you have donated, that is why a lot of rich people donate the money when they auction some of their collections with paintings the most notorious items to be sold.

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Quote from: satsmainman on March 23, 2021, 03:46:19 PM

Quote from: paxmao on March 15, 2021, 02:25:24 PM

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.

Quote

Twitter boss Jack Dorsey has donated $15m (£11.2m) to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families.

While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

That's quite a gesture from Dorsey himself. I was earlier wondering why he will make and pocket made from NFT of his first tweet. After seeing this, i can relate that he did what he did for a just course.

A cheap strategy to get the attention of the public. Why I say cheap? Because they are not spending any penny here to help others, because he will just use the funds raised to help others without spending his own money. But that's fine, as long as he is helping some communities or families via his initiatives. Just make more money in order to give it to others. Guess, there will be a lot of personalities that will follow his footsteps.

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Quote from: paxmao on March 15, 2021, 02:25:24 PM

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.

Quote

Twitter boss Jack Dorsey has donated $15m (£11.2m) to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families.

While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

That's quite a gesture from Dorsey himself. I was earlier wondering why he will make and pocket made from NFT of his first tweet. After seeing this, i can relate that he did what he did for a just course.

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Quote from: ultrloa on March 21, 2021, 05:02:39 AM

Quote from: jaysabi on March 20, 2021, 11:57:05 PM

Quote from: paxmao on March 15, 2021, 02:25:24 PM

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.

Quote

Twitter boss Jack Dorsey has donated $15m (£11.2m) to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families.

While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

This is a strawman argument. There's no evidence Twitter does this so you're just making up something that doesn't happen to argue against it. Further, Twitter and Dorsey aren't the same entity. Dorsey is very progressive with his charitable giving and this shouldn't be surprising in the least. It's completely consistent with his past charitable giving both inside and outside Twitter. Even inside Twitter, Dorsey has donated a bunch of his own stock holdings in the company to set up a pool to compensate Twitter employees. This is not PR, this is just who Dorsey is.

I don't follow much his story but if you think you read a lot about him well that's good since by showing this act most provably there are influential people might provably follow this for another good acts, But lets just hope that there's no politics hidden on this acts since if there's something plan like that maybe It will be shaded bad by the other people. But I think I need to read more information about him to know the his personality.

As the CEO of Twitter and Square, two multi-billion dollar companies, the guy is rich. He doesn't need the money. It's why he's so charitable. I don't ascribe any ulterior motive to it other than he's doing good and supporting the things he believes in. He's a crypto supporter, it's not a stretch to support crypto and charity at the same time with this.

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Quote from: ultrloa on March 21, 2021, 05:02:39 AM

I don't follow much his story but if you think you read a lot about him well that's good since by showing this act most provably there are influential people might provably follow this for another good acts, But lets just hope that there's no politics hidden on this acts since if there's something plan like that maybe It will be shaded bad by the other people. But I think I need to read more information about him to know the his personality.

Do not believe everything you read online, this doesn't mean that Dorsey is a good person neither means he is a bad person. Twitter just like many other business doesn't pay taxes as much as they should but this doesn't make them a bad company, that is just the law, and I think the law should change to something that would be a lot more beneficial for everyone.

Want example? We have just paid about 600 billion dollars to people, and that is just to people, and that was a 1400 check, if drop it to 1000 check it would mean that we could afford to pay about 400 billion dollars to everyone and get them 1k checks constantly.

Where do we find that extra 400 billion dollars a year? From places like twitter, and google, and facebook, and amazon, and tesla and MANY other companies that made insane profits during this period, they when you combine many companies, like thousands of them, that combined make over a trillion dollars profit during this period, we can definitely help everyone.

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Quote from: ?? on ??

oh really ? i notice that theres also people in this thread that know what will happen but how did you guys know that ? but me i am surprised at first because he isn the only guy that does this but there are other famous personalities that also sell their personal belongings for millions but their differences to jack is that i havent hear them donated that money or some of that money atleast to the charity . what dorsey did can indeed help many families because the money was not small but it were millions .

That donation can help him when it comes to tax season I mean millions of dollars in tax write off is a good choice for Jack Dorsey who earns a lot of money to even count and it will be good for the NFT because he is going to get more attention from that NFT being sold and the money being donated to charity.

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Isn't that just simply how politics work? You show people what you want to be seen as and the dark stuff is just thrown into the corner, left to be unseen by the media. Whether it was out of the goodness of their hearts or for something else though, the donation is indeed a big help towards someone else. Just that, it's at the cost of someone else's pain I guess.

Quote from: Mahanton on March 21, 2021, 04:39:59 PM

Quote from: goaldigger on March 21, 2021, 08:38:54 AM

Give the money to people than to let government collect your taxes, this is way better I think especially in my place where government is corrupt, either for publicity or not this is still for charity. Beside, this is just a tweet and he’s just taking advantage the hype of NFT, this is an easy money for him and giving it back is easy as well.

Sounds reasonable but wont really happen.They will really be giving off those kind of reasons on how the hell the country would really progress is theres no one to managed of those taxes?
which simply implies that they are the only ones who could implement and to think that not all government are of the same type but somehow there still corruption which is happening on behind
thats why i cant really just trust them up when it comes to funding related matters.

The root of the problem is the government indeed, but removing the government out of the picture wouldn't exactly fix the issue. If it were that easy to just throw it away, the situation wouldn't be as such in the first place imo. Rather than remove, it'd probably be better to fix it (though I highly doubt this is gonna happen) since it'd be better for the long term development of the country as well.

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Quote from: LeGaulois on March 15, 2021, 04:37:10 PM

Many corporations do the same thing, it's called the art of false generosity. The Bill & Melinda Gates Foundation is one of the best examples. Doing business through charity work or a good opportunity to get a very good advertising campaign.
They still get an ROI at the end and Dorsey is not acting differently. Honorable patriotism but I am not from the US so do not care Tongue

Despite what you may think, it is a lot of money, but to help all eligible households every month, it is not a lot

Quote

(why would Dorsey try to make money in such a way for himself?

Why not? If it was me I wouldn't give any penny

Same, I also don't care about that and obviously he have different motive other than helping charities.

Just the same with the political campaigns, they are helping people just for the people to give credit to them and thank them.

They are just doing that to make their names popular or good even if it is against their will. Probably, Dorsey just want to show off his skills and responsibility for the sake of his name.

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Quote from: goaldigger on March 21, 2021, 08:38:54 AM

Quote from: Reid on March 21, 2021, 06:56:23 AM

Quote from: ?? on ??

Whatever the reason Jack Dorsey made the $ 15M donation to charity, it's a good thing we should appreciate. Maybe Dorsey did it for imaging,
so that Dorsey looks good to the public. Because if there is no specific purpose, donations should be done secretly without the public knowing.
Which is nothing wrong if Dorsey did it for imaging. The most important thing is he has done a good deed that maybe not many people do.

It's a good deed if you don't tell the public about it. Grin

But the government will ask so better to do it publicly. Confusing, right?

Well, he doesn't really need to explain himself to anyone. He donated it then better put an end to that.
The reasoning will just make matters worst and shutting up will make a trend that puts people debating about it.
Just like what's happening now. Cheesy

Give the money to people than to let government collect your taxes, this is way better I think especially in my place where government is corrupt, either for publicity or not this is still for charity. Beside, this is just a tweet and he’s just taking advantage the hype of NFT, this is an easy money for him and giving it back is easy as well.

Sounds reasonable but wont really happen.They will really be giving off those kind of reasons on how the hell the country would really progress is theres no one to managed of those taxes?
which simply implies that they are the only ones who could implement and to think that not all government are of the same type but somehow there still corruption which is happening on behind
thats why i cant really just trust them up when it comes to funding related matters.

About this publicity or what then its just a casual cover up with their true intentions.They are risking up something for much bigger for their own benefit.
A usual movement for those type of people.

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Quote from: paxmao on March 15, 2021, 02:25:24 PM

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.

Quote

Twitter boss Jack Dorsey has donated $15m (£11.2m) to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families.

While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

Lol, I was expecting that already to happen. I have been waiting for a time when the news will say that he gave it out to charity , cause it’s now like a normal thing for them all, they do crazy stuffs like this and then they trend on social media and after all that they will give the money that they got from it to charity.

Well, it’s not a bad thing that he’s giving it to charity, there are some celebrities and big people that will receive such money and they wouldn’t even give it to anyone lol, so if he’s doing it then he should be appreciated, even though some would say that the money isn’t coming from his pocket , it is coming from a random means, but whatever.

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Quote from: Reid on March 21, 2021, 06:56:23 AM

Quote from: ?? on ??

Whatever the reason Jack Dorsey made the $ 15M donation to charity, it's a good thing we should appreciate. Maybe Dorsey did it for imaging,
so that Dorsey looks good to the public. Because if there is no specific purpose, donations should be done secretly without the public knowing.
Which is nothing wrong if Dorsey did it for imaging. The most important thing is he has done a good deed that maybe not many people do.

It's a good deed if you don't tell the public about it. Grin

But the government will ask so better to do it publicly. Confusing, right?

Well, he doesn't really need to explain himself to anyone. He donated it then better put an end to that.
The reasoning will just make matters worst and shutting up will make a trend that puts people debating about it.
Just like what's happening now. Cheesy

Give the money to people than to let government collect your taxes, this is way better I think especially in my place where government is corrupt, either for publicity or not this is still for charity. Beside, this is just a tweet and he’s just taking advantage the hype of NFT, this is an easy money for him and giving it back is easy as well.

Reid

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Quote from: ?? on ??

Whatever the reason Jack Dorsey made the $ 15M donation to charity, it's a good thing we should appreciate. Maybe Dorsey did it for imaging,
so that Dorsey looks good to the public. Because if there is no specific purpose, donations should be done secretly without the public knowing.
Which is nothing wrong if Dorsey did it for imaging. The most important thing is he has done a good deed that maybe not many people do.

It's a good deed if you don't tell the public about it. Grin

But the government will ask so better to do it publicly. Confusing, right?

Well, he doesn't really need to explain himself to anyone. He donated it then better put an end to that.
The reasoning will just make matters worst and shutting up will make a trend that puts people debating about it.
Just like what's happening now. Cheesy

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Quote from: jaysabi on March 20, 2021, 11:57:05 PM

Quote from: paxmao on March 15, 2021, 02:25:24 PM

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.

Quote

Twitter boss Jack Dorsey has donated $15m (£11.2m) to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families.

While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

This is a strawman argument. There's no evidence Twitter does this so you're just making up something that doesn't happen to argue against it. Further, Twitter and Dorsey aren't the same entity. Dorsey is very progressive with his charitable giving and this shouldn't be surprising in the least. It's completely consistent with his past charitable giving both inside and outside Twitter. Even inside Twitter, Dorsey has donated a bunch of his own stock holdings in the company to set up a pool to compensate Twitter employees. This is not PR, this is just who Dorsey is.

I don't follow much his story but if you think you read a lot about him well that's good since by showing this act most provably there are influential people might provably follow this for another good acts, But lets just hope that there's no politics hidden on this acts since if there's something plan like that maybe It will be shaded bad by the other people. But I think I need to read more information about him to know the his personality.

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It not makes the idea of tweets "selleing" better, sorry

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Quote from: paxmao on March 15, 2021, 02:25:24 PM

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.

Quote

Twitter boss Jack Dorsey has donated $15m (£11.2m) to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families.

While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

This is a strawman argument. There's no evidence Twitter does this so you're just making up something that doesn't happen to argue against it. Further, Twitter and Dorsey aren't the same entity. Dorsey is very progressive with his charitable giving and this shouldn't be surprising in the least. It's completely consistent with his past charitable giving both inside and outside Twitter. Even inside Twitter, Dorsey has donated a bunch of his own stock holdings in the company to set up a pool to compensate Twitter employees. This is not PR, this is just who Dorsey is.

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Not so sure how rich Dorsey is, but even if this is to serve as tax write-offs, it's still beneficial at the end of the day. Charitable acts like this would put the person in a good light and would also help build the image of NFT to the people who barely knows it. So it's a win-win for the ones who donated and the ones who are supposed to receive it. Egotistic Altruism is what will save this planet from the apocalypse, mark my words.

Quote from: ?? on ??

Well, we should appreciate the action but as you said, the companies really try hard to not pay tax and pay the minimum, and then going out and doing charity by promoting their name is cringy, and not something for which praise will come out from heart. It's just that the action is good, but the way of his implementation makes it negative and fake. Should have done it in private so that he could achieve some mental peace for doing something good, and they have so much money, it's not that they are cutting their lifestyle by lots when doing such promotional charity, but nonetheless, the charity is good.

Charitable act is still Charitable act, one may argue that it is nothing but tax write-offs but at the end of the day, he gave something back, doesn't matter how much it is really, because st the current stature of the market, every dollar counts.

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Quote from: poodle63 on March 17, 2021, 05:18:12 AM

Quote from: TedMosby on March 16, 2021, 10:13:16 AM

seems like Justin Sun really wants it lol.

lmao. it seems he really wants to get involved on anything related to crypto that have potential of marking his name in the history book of crypto LOL. atleast if justin sun happens to really want it and bought it at higher price all the money goes to charity and not to waste.

it's actually good for Tron marketing and its brand awareness. at least the spotlight will be on the bidder who bid that tweet expensively.
people will search for more information, why these people are rich as f*ck so they can afford to buy/bid that tweet Grin

personally, I will be happy to be on that list to bid with +$1 from that @sinaEstavi last bid, because I believe he doesn't want to lose from my +$1 bid. lol

Jack can use the money for his crypto companies.
- square
- zenon network (rumor) Grin

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Quote from: Kong Hey Pakboy on March 17, 2021, 03:36:20 AM

Quote from: el kaka22 on March 17, 2021, 03:18:16 AM

-snip-

No, those donations are a write off during the tax season for this billionaires, they are not bad people per se but we all know that they are exploiting people. Imagine if Bezos didn't donate but instead made a livable wages for his workers and have the working conditions of their workplace improved, that will be for the better, you can't donate for good cause but at the same time exploit your workers, that is a little bit hypocritical. This donation to the charity is just a way to promote the NFT that Dorsey is going to make.

You know how much it would cost to make it union friendly? It would cost about 220 million dollars a year to 770 million dollars a year. I know it "looks" like a lot of money but we are talking about Jeff Bezos who is the first person to officially break 200+ billion dollars, I am pretty sure he could survive paying on average 500+ million dollars more per year.

By the way this includes extra workers to make current workers work easier, better benefits, better wages, better conditions, everything you can think of, I mean 770 million dollars is a number union mentions but it is too much, 220 million as seen as bare minimum improvement, so that is why I said 500 million on average. That kind of money wouldn't even hurt him a bit, wouldn't even matter because he may make that back with few points increase in amazon stock prices. Long story short these are all bad people, evil to their cores, I do hate them, and all those "cute" things they are trying to do is all bull shit if you ask me.

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Quote from: TedMosby on March 16, 2021, 10:13:16 AM

seems like Justin Sun really wants it lol.

lmao. it seems he really wants to get involved on anything related to crypto that have potential of marking his name in the history book of crypto LOL. atleast if justin sun happens to really want it and bought it at higher price all the money goes to charity and not to waste.

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I don't see the point with all this nft shit. I saw a guy buying a banksy, creating the nft of it and burning the drawing! What's the point in having a digital represantion of that. It's so silly too me all this!
Will stick to my bitcoins. jeez

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I don't know why buy I was expecting to see Dorsey donating the benefits from first tweet. This way he can get more reputation between people for himself and his company. He is not actually donating the money from himself, the money he donated came from benefit of selling first tweet by NFT. It was smart move, don't forget Dorsey is a billionaire and spending the amount 15m bucks wihle it's not came from him pocket for earning more reputation is smart move.

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Quote from: el kaka22 on March 17, 2021, 03:18:16 AM

Jack Dorsey worths 12+ billion dollars, that should be good enough reason to donate 15 million dollars that he got out of nowhere, he doesn't need that kind of money at all. In fact he should be paying more taxes than he currently pays and the difference is much bigger than the 15 million he paid, Jeff Bezos pays about 100-200 million dollars in donations every year as well, if he paid even 10% federal taxes he would have paid over 20 billion dollars this year.

These "donations" that the rich does is basically a way to show the world that they are not bad people, that is what they are trying to do, they are saying "we are not taking it all, we are helping others too" and media helps them get the news heard, reality is that they are only paying fraction of what they should be. None of this "gave it to basic income initiative" news brings me any joy.

No, those donations are a write off during the tax season for this billionaires, they are not bad people per se but we all know that they are exploiting people. Imagine if Bezos didn't donate but instead made a livable wages for his workers and have the working conditions of their workplace improved, that will be for the better, you can't donate for good cause but at the same time exploit your workers, that is a little bit hypocritical. This donation to the charity is just a way to promote the NFT that Dorsey is going to make.

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Jack Dorsey worths 12+ billion dollars, that should be good enough reason to donate 15 million dollars that he got out of nowhere, he doesn't need that kind of money at all. In fact he should be paying more taxes than he currently pays and the difference is much bigger than the 15 million he paid, Jeff Bezos pays about 100-200 million dollars in donations every year as well, if he paid even 10% federal taxes he would have paid over 20 billion dollars this year.

These "donations" that the rich does is basically a way to show the world that they are not bad people, that is what they are trying to do, they are saying "we are not taking it all, we are helping others too" and media helps them get the news heard, reality is that they are only paying fraction of what they should be. None of this "gave it to basic income initiative" news brings me any joy.

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Quote from: bassbity on March 16, 2021, 10:00:38 AM

I agree to give alms anonymously as a method of alms to avoid being arrogant and not wanting to be praised. What if it was done solely for the sake of spreading the word so that those who have wealth are moved to give charity?

Anonymity can do that as well. Imagine a name like "HumanityPrevails" giving $2.5 million to the charity. Isn't that a powerful message?

Once I give up my anonymity (about charity), my motivation is no longer sincere. Moreover, even if I give it anonymously, the part of "want to feel good about myself" will still there. Of course, nobody is perfect, but "Jack Dorsey donated to fund UBI" contains more political interest than a simple charity.

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the highest bid is still $2.5M by @sinaEstavi.
not sure who is he. but according to his twitter profile, "CEO at @Bridge_oracle & @Cryptoland_en"
seems like Justin Sun really wants it lol.

since this tweet already announced for charity, big companies should try to join this race. it will be good for their branding.

wait, where are those people who bought random art for an expensive price? now it makes sense that NFT is full of market manipulation Grin

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Quote from: mu_enrico on March 16, 2021, 09:06:55 AM

Very few people give charity and expect nothing in return (not even acknowledgment). It's those who give anonymously.

I agree to give alms anonymously as a method of alms to avoid being arrogant and not wanting to be praised. What if it was done solely for the sake of spreading the word so that those who have wealth are moved to give charity?
isn't setting an example better than just giving orders.
better with all the speculation people judge. Instead of owning property and not giving at all, to daring to eat up the rights of those who really need them.

Which one do you choose?
1. You are rich, and donate to attract the hearts of others to share in charity, or you are rich, but do not feel touched to donate to the needy.

As educated people, we are required to see things from a different perspective. when plan A cannot be implemented, then plan B is always ready to be carried out.

bassbity

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for me personally both the donation made by Dorsey is said to be looking for a sensation, compliments or something like that. it comes back to people who see it from their own point of view. I just hope that the donation made to 1,500 families becomes one of the motivations for all those who have more wealth to do the same. plus when this pandemic condition continues to be prolonged, it has provided relief for people in need. Maybe we should look more positively, regardless of Dorsey's intention to be praised or whatever. However, donations during an economic crisis due to a pandemic are very important. the judgment that comes out of our mouth, is only quantitative in nature, cannot penetrate the purpose and meaning contained in the qualitative points in a person, including Dorsey.

mu_enrico

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It's a way to promote UBI. OMG, tech giants are really into politics with their leftist agenda! Shocked

I think most people do charity for these reasons:
(1) Feel good about himself
(2) PR
(3) Political agenda

Very few people give charity and expect nothing in return (not even acknowledgment). It's those who give anonymously.

paxmao

legendary

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Do not die for Putin

Quote from: LeGaulois on March 15, 2021, 04:37:10 PM

Quote

(why would Dorsey try to make money in such a way for himself?

Why not? If it was me I wouldn't give any penny

Because his time is actually more valuable. I do not know your circumstances, maybe for you (or me for that matter) that sum means something, not for him.

aysg76

legendary

Activity: 1974

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The starting bid for the NFT of Dorsey first ever tweet "Setting up my twiiter" was $2.5 million and auctioned by CEO of one of cryptocurrency firms.The bid is still ongoing and will end on 21st March and the amount will be donated to GiveDirectly.It is a nonprofit organization which allows donors to send money directly to people living in poverty around the world.So how much Dorsey have it's not easy to donate for some kind reasons and if he is doing so we need to appreciate it.All the billionaire around the globe can help to eradicate poverty but are they contributing towards it? No, so if someone is donating for noble cause we need to appreciate him rather than saying he have money to donate but he has big heart with money.

Psynthax

hero member

Activity: 2366

Merit: 504

public stunt or not it's still a good thing to donate for those who are in need
what really confuses me though, how a dang tweet could worth that much, I know this tweet coming from someone big like Jack Dorsey but this is really ridiculous, maybe the buyer knows beforehand the money will all goes to charity, that's the only reasoning I can accept LOL.

Kittygalore

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Thank God that there are people that is pushing to make UBI(Universal Basic Income), this is life changing thing with the growing population and with more and more industries leaning into automation, a lot of people are going to lose their jobs and UBI could be one of the many solutions to prevent catastrophic things from happening. It is a good move for Jack Dorsey to donate the money from his first NFT to a charity because this can help in promoting his idea and make more people try to buy his NFTs because they are now conditioned that they are buying something that will contribute to the society.

Taskford

hero member

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Publicity equals good lifting up on his image towards this industry but anyways as long as the money goes to the charity well that's totally fine since the amount given can really change lives of certain people there, And hoping to see more big guys and influencer doing this so that charity institution can cater more people in there institutions.

Quote from: hatshepsut93 on March 15, 2021, 06:59:16 PM

This shouldn't be used as a proof that crypto is doing good for society, in case someone is having this line of thought.

Yeah right even though many bad angles splattered due to illegals stuff made by several criminals still it has a bright side by seeing this donation activities by popular guys.

hatshepsut93

legendary

Activity: 3024

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Well, at least some of the money from all this stupid NFT hype was used for something good. Call it a publicity stunt, but $15m isn't exactly small money even for Dorsey, so it's quite nice of him to donate these money to a social program.

But on a large scale it's all pretty irrelevant, you can't fund something like UBI with donations from selling NFTs. This shouldn't be used as a proof that crypto is doing good for society, in case someone is having this line of thought.

Twinkledoe

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He is okay with donating it all because in the first place, it doesn't come from his pocket. And it is just a mere tweet from him. And besides, by doing this "good samaritan" thing, he is earning good points from the community. Getting attention and power, without lifting a finger. Now, that's a good strategy from his end.

Fatunad

sr. member

Activity: 2226

Merit: 347

As expected from other view of point instead on getting some praises then these people do rather get some "meh" kind of reactions as we do know on whats behind those kind faces
showing off that they do really care.

I agree with that PR thing and as long they would really benefit it out then they dont mind on spending into something just for them to get even more with that.
Its a casual politician or who have upper positions typical movements or behavior.

LeGaulois

copper member

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Many corporations do the same thing, it's called the art of false generosity. The Bill & Melinda Gates Foundation is one of the best examples. Doing business through charity work or a good opportunity to get a very good advertising campaign.
They still get an ROI at the end and Dorsey is not acting differently. Honorable patriotism but I am not from the US so do not care Tongue

Despite what you may think, it is a lot of money, but to help all eligible households every month, it is not a lot

Quote

(why would Dorsey try to make money in such a way for himself?

Why not? If it was me I wouldn't give any penny

paxmao

legendary

Activity: 2366

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Do not die for Putin

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.

Quote

Twitter boss Jack Dorsey has donated $15m (£11.2m) to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families.

While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

Topic: Dorsey to donate his 1st Tweet benefits to charity (Read 374 times)