Bitcoin-Only Charity Fund Donates $1 Mln To Internet Archive

Pineapple Fund has donated $1 mln in Bitcoins to the Internet Archive this Saturday. Pineapple is a Bitcoin-only charity established in early December 2017, whose ultimate goal is to give $86 mln worth of Bitcoin to various nonprofit organizations.

For early adopters, Bitcoin’s massive rise in value has been a remarkable ride from rags to riches, and some are now deciding to give back. The Pineapple Fund has been launched by an anonymous person who goes by the username /u/PineappleFund on Reddit.

The donor has created a website to issue reports as to which organizations have been given Bitcoin donations so far. It also includes a form for those nonprofits who would like to apply for future donations.

To date, the charity has given 657 BTC – approximately $8.5 mln – to 13 organizations, which focus on specific areas, such as providing clean water to sub-Saharan Africa, building technology for universal healthcare and improving the treatment of age-related diseases.

The fund’s homepage claims:

“Our main themes are supporting medical research, gender equality and taking innovative approaches to do good in this world.”

The motive for the donation is explicit on the site as well:

“Donating $86 mln of Bitcoins to charity. Because once you have enough money, money doesn’t matter.”

Many early adopters of Bitcoin have been in the news recently. For example, the Winklevoss brothers purchased approximately one percent of the outstanding supply of BTC in 2013 – an investment which has resulted in them becoming the first Bitcoin billionaires.



Source link

Related posts

13 Thoughts to “Bitcoin-Only Charity Fund Donates $1 Mln To Internet Archive”

  1. บาคาร่า1688

    … [Trackback]

    […] Information on that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  2. Burnley escorts

    … [Trackback]

    […] There you can find 26032 additional Info to that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  3. sbo

    … [Trackback]

    […] Read More on on that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  4. babeviewcams.com

    … [Trackback]

    […] Find More Info here on that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  5. liberty caps for sale online michigan,

    … [Trackback]

    […] Find More on to that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  6. Mckennaii Mushroom

    … [Trackback]

    […] Find More Information here on that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  7. maxbet

    … [Trackback]

    […] Find More on on that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  8. Buy Golden Teacher Mushrooms for sale Denver,

    … [Trackback]

    […] Read More on on that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  9. best fullz cc shop

    … [Trackback]

    […] Find More Information here on that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  10. federal hst 38 special

    … [Trackback]

    […] Find More on that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  11. 토토백화점

    … [Trackback]

    […] Find More here to that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  12. cornhole boards

    … [Trackback]

    […] Read More on to that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

  13. where to buy shroom chocolates candy

    … [Trackback]

    […] Here you can find 52507 additional Information on that Topic: tradingbtc.com/2017/12/24/bitcoin-only-charity-fund-donates-1-mln-to-internet-archive/ […]

Leave a Comment