What do you guys think of fundraising with BTC? - page 2.

Harley997

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Quote from: commandrix on June 10, 2014, 05:17:42 PM

I suppose I could have asked before writing this blog post, but what do you think of using Bitcoin to raise money for charity? I think it can work, if people who want to donate are absolutely sure that the Bitcoin raised is going to get to the nonprofit in question.

It needs to be something Bitcoin related that people that own BTC care about.

A good example of this is when "satachi" was outed, only it was not the person who created Bitcoin

fryarminer

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I have actually thought a lot about using bitcoin for fundraisers on a larger scale - I've had to do some fundraising for certain projects. I think it is a good idea simply because most of the accounting is done for you, and it is public. Donors can see where their bitcoin was deposited, and also when the bitcoin was spent.
I would do something like have a limit needed to be raised, and then tell the donors "OK, we are going to spend all the bitcoin when we have reached this amount, on this project." Then they could look at the address in the blockchain and see that indeed their funds were used for the intended purpose.

Another thing is that oftentimes charitable organizations take a cut of the funds to pay for fundraising or to go to other people's pockets. With the blockchain it would be absolutely transparent, that the funds were used for the donor's intentions.

The questions of "How much needs to be raised, how much do we still need to raise, and how was the money spent" is a major issue in a fundraiser - and rightly so, this is the donor's hard earned money. Those questions are automatically answered in the blockchain.

franky1

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Quote from: commandrix on June 10, 2014, 05:17:42 PM

I suppose I could have asked before writing this blog post, but what do you think of using Bitcoin to raise money for charity? I think it can work, if people who want to donate are absolutely sure that the Bitcoin raised is going to get to the nonprofit in question.

it can be truly great.
the 2 prime examples are:
seans outpost
dorian nakamoto

unless the end charity shows how they will honestly use the funds, and show they want bitcoin to gain trust in the charity. then there would need to be trust in the middleman, but apart from the 2 examples above. these middle men never Doxx themselves fully or reveal a direct link to the charity, thus no one will trust a middleman causing people to get frustrated at the middleman and the charity which has not shown any desire for bitcoin.

making the fundraiser look like a scammer, (which most are)

so what is needed as hinted before, the charity itself needs to show a desire for bitcoin and the middle man cannot act shady or hide behind persona's

Ron~Popeil

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Just a shameless plug for Sean's Outpost. They are a fully bit coin funded charity that feeds homeless people.

http://seansoutpost.com/donate/

Charity is a great application for bit coin. The transparency of it allows you to trace how your donation is being used.

jeffersonairplane

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www.bitkong.com

Quote from: commandrix on June 10, 2014, 05:17:42 PM

I suppose I could have asked before writing this blog post, but what do you think of using Bitcoin to raise money for charity? I think it can work, if people who want to donate are absolutely sure that the Bitcoin raised is going to get to the nonprofit in question.

Well one of the main things advertised with Bitcoin is the charity benefits because of it. The reason is it is fast, easy, nonrefundable, with minimal fees. Basically 30 cents or below of a fee for the average transaction. The only problem is not many people have it.

Ilsk

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Bitcoin are better to finance small project in some remote part of the world, transaction cost are cheaper and money arrive faster.

keithers

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This is the land of wolves now & you're not a wolf

Quote from: commandrix on June 10, 2014, 05:17:42 PM

I suppose I could have asked before writing this blog post, but what do you think of using Bitcoin to raise money for charity? I think it can work, if people who want to donate are absolutely sure that the Bitcoin raised is going to get to the nonprofit in question.

I think it can be great since people can donate small amounts of money per person, that they typically could not with credit cards, etc. The problem right now however I think is that more people would be willing to part with their fiat and not their BTC

commandrix

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I suppose I could have asked before writing this blog post, but what do you think of using Bitcoin to raise money for charity? I think it can work, if people who want to donate are absolutely sure that the Bitcoin raised is going to get to the nonprofit in question.

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