Bitcoin Forum

Hi all,
this is the first time outside the Italian section, so sorry in advance for my english. Ill try to be as clear as possibile.

In the past days me and others users discussed about a new charity bitcoin related project, and i think that talking about this projet in this section is the best way to let bitcoin users know about "The Bitcoin Charity Fund".

First of all, most of us (bitcoin users) think that bitcoin price will grow up and rise almost some thousand dollars in the next years. For this reason we have a lot of new bitcoiners every day that only want to speculate on it, and to earn some "easy money". As we know, speculation is not a good thing for bitcoin.
But well, we also have the opportunity to speculate on bitcoin price for a good reason: donate a lot of money.

This is my simple project:
- we start to ask donation through a site (look at the link on the bottom)
- we store bitcoin in a secure wallet
- we wait until the bitcoin price rises
- we sell bitcoins and devolve money to some charity foundations.

You will understand that if we store from now for example 3 or 400 bitcoins, in the future i think that we will be able to devolve a lot of money. Small donations today, for big money tomorrow.
Now i only named the project "The Bitcoin Charity Fund", bought domain/hosting, designed the logo and started to realize the site: http://www.thebitcoincharityfund.com/.

Well, i hope that someone will understand the importance of this unique opportunity that we have: to realize a big fund without any sacrifice, and to help a lot of people/foundations.
This is what i need: a trusted method to store the fund, and also a method to let users trust the project and send coins.

In the italian section we says that we may give the private key of the fund to someone important and trusted in the bitcoin world. For example admin of this forum, or the bitcoin foundation.
However, toghether we can find a solution for every problem, to keep the fund safe and to publicize the project.

Do not think "someone could stole money". Think that i decided that if we dont have a VERY GOOD solution to store coins and let users trust the site, the project will not start. I dont want to own the fund, i only thought to this idea and decided to share it in the forum. Let's find a solution!

Im sure that the bitcoin revolution it the biggest opportunity we will have in our life to devolve a lot of money without any sacrifice.
Sorry for my bad english, i hope that you will understand my idea and my good intentions.

Nothing?

Whilst your idea has good intentions, I can think of a moral and 2 technical objections to your idea.

Moral objection: holding onto the Bitcoins now to generate more wealth in the future is not a bad idea, except you are denying potential charity to people in the present and this is a big grey area. People are going to be in need of charity whilst the charity's stash of Bitcoins becomes more and more valuable. People will have problems with this. When someone donates to a charity they want to know good is being done with that money and they don't want to be fretting over how long you will be holding onto the Bitcoins.

Technical objection 1: when do you sell the coins? whats a good point in time to sell and give charity? Do you wait 10 years for the coins to be worth $10,000? You will need to be upfront about this.

Technical objection 2: what if Bitcoins become worthless? Then no charity can happen and the people that need this charity goes without.

I understand you have good intentions, but most people give charity to help out with the worlds problems now, and they probably won't cosy up to the idea of delayed charity.

If I were you I would be upfront about what price the charity will sell or give the users a option to set a sell price.

Good luck!

I understand your opinions and i share them. But what i want to build it isn a traditional charity project, it is a bitcoin charity project whose strength is the increasing value of the bitcoin itself.
I know that is a strange idea, but listen: do you think that if we collect coins today, in the next years we can earn some extra money? I mean..do you agree?

1. i think we can decide together, maybe publishing a survey on this forum, or a public survey on the site. If this project is supported by some important bitcoin user, we can understand when we have to sell all coins

2. this project assumes that the bitcoin price will rise. i think we all agree with that!

I agree that the price will rise overall, I think we are in for a lot of turmoil down the road though. It could work as a charity but your going to have to get people on board. Also remember a lot of people are sitting on coins for the purpose of becoming rich. So it might be a bit difficult getting a lot of people into this. Perhaps a long time Bitcoin user who acquired thousands of coins years ago when they were worth cents, that type of person may be interested in your idea.

Ask the question, how charitable are people on this forum?

Yeah this is a good questions...do you think we cant build this type of charity project on this forum?

Actually I have been thinking along these lines, but I don't see the need for an intermediate Fund organization..

What I'm starting to do is to approach various existing charities directly and ask them if they will accept donations in bitcoin.

Ah, I guess I'll start a separate thread about it so it'll get noticed on its own...  more soon.