Bitcoin Forum

Economy => Securities => Topic started by: Bitcoin Oz on July 11, 2012, 08:41:44 AM



Title: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 11, 2012, 08:41:44 AM
https://i.imgur.com/Q0aYW.png

This is an account I setup on GLBSE after a suggestion from Sukrim. The idea is that any coins or shares sent to this account will be used to donate to various faucet sites and the bitcoin100, or future bitcoin promotional activities. I sent 7 COGNITIVE shares to it already.

If bitcoins get donated I will use them to get more shares that pay dividends and in turn be able to fund more donations. I intend to eventually hand over this account whenever a bitcoin foundation exists at some point in the future.

The glbse account to donate to is called "charity"

Edit:As there are currently no administration costs I take nothing out of the pot. I will probably only need to send out dividend coins once per week and that is a one minute job. If someone wants to donate a free website maybe on google apps that would be good.


If you dont have a glbse account I setup a deposit address at 1HNhEsFJFjnipSwguuFmTFVtz5eGmX4n4J any coins sent here will buy some shares probably in companies who have already donated some :)


What will the funds be used for ?
The dividends will get distributed amongst the faucet,the bitcoin100  http://bitcoin100.org  (http://bitcoin100.org) and the bitcoin testing project https://bitcointalk.org/index.php?topic=80019.0


 (https://bitcointalk.org/index.php?topic=80019.0)
 
We will also contribute to bounties from time to time for important bitcoin related development work.



Paid to Date

15ArtCgi3wmpQAAfYx4riaFmo4prJA4VsK |
Faucet
0.789

17XvU95PkpDqXAr8ieNpYzSdRDRJL55UQ8
https://bitcointalk.org/index.php?topic=80019.0 (https://bitcointalk.org/index.php?topic=80019.0)
Bitcoin Testing Project
0.6293

1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac
http://bitcoin100.org/ (http://bitcoin100.org/)
Bitcoin100
0.56

https://bitcointalk.org/index.php?topic=93606.0 (https://bitcointalk.org/index.php?topic=93606.0)
Ultimate Blockchain Compression
16ofWVGwqDVjwhV95fDUrkyqT4Bcy1Nc6G
0.475

https://bitcointalk.org/index.php?topic=113400.0 (https://bitcointalk.org/index.php?topic=113400.0)
The bitcoin foundation.
1BTCorgHwCg6u2YSAWKgS17qUad6kHmtQW


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 11, 2012, 08:42:10 AM
[Reserved]

Some time ago Gavin's account was hacked and 5 bitcoins were stolen. http://gavintech.blogspot.com.au/2012/03/bitcoin-faucet-hacked.html (http://gavintech.blogspot.com.au/2012/03/bitcoin-faucet-hacked.html)

Because of this I have decided that the first 5 bitcoins we raise will be sent to his site at https://freebitcoins.appspot.com/ (https://freebitcoins.appspot.com/)

I am also looking for free (not ad supported) faucets that need support. If you find any let me know!

http://www.paperco.in/faucet.php (http://www.paperco.in/faucet.php)


Title: Re: [GLBSE] Send to charity.
Post by: Ben Walsh (beamer) on July 11, 2012, 10:19:14 AM
Excellent idea.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 11, 2012, 01:25:49 PM
Excellent idea.

Thanks. Its about as lean as can be as far as a charity org goes since it doesnt even need a website.



Title: Re: [GLBSE] Send to charity.
Post by: Newar on July 11, 2012, 04:45:34 PM
What is the BTC deposit address?


Title: Re: [GLBSE] Send to charity.
Post by: matthewh3 on July 11, 2012, 07:02:52 PM
Beat me to it didn't see your post.  I think there is room for more than one charity fund as mine it not solely raising for bitcoin project itself..  If I ever run out of time for my own fund I'll give whatever raised to your fund.  Good luck.

https://bitcointalk.org/index.php?topic=92754.0


Title: Re: [GLBSE] Send to charity.
Post by: sebnow on July 11, 2012, 09:23:56 PM
I like the idea. Faucet sites have helped me get started so I have donated a BIB.BVPS share.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 11, 2012, 10:11:37 PM
What is the BTC deposit address?

sign up to GLBSE, transfer funds to your GLBSE account, then after they show up in your account, then buy shares in "charity"

No you dont have to buy shares in anything just use the transfer feature.

This is why-
Quote
Transfer fees

There is no fee to transfer bitcoin (BTC) or assets/securities that have a total trade volume of less than 20BTC since IPO. Everything else has a 0.20% BTC fee of the 5 day average price. This fee is not refundable.

Thanks to our first donations :
https://i.imgur.com/vUb3t.png


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 11, 2012, 10:21:04 PM
Beat me to it didn't see your post.  I think there is room for more than one charity fund as mine it not solely raising for bitcoin project itself..  If I ever run out of time for my own fund I'll give whatever raised to your fund.  Good luck.

https://bitcointalk.org/index.php?topic=92754.0

"charity" has  a specific purpose of promoting bitcoin itself. I dont want to pick winners and losers as far as other charities goes thats the job for the bitcoin100.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 11, 2012, 10:55:43 PM
If people think its a good idea I will setup an actual asset on glbse, but that seems like an un needed extra cost.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 11, 2012, 11:36:58 PM
I like the idea. Faucet sites have helped me get started so I have donated a BIB.BVPS share.

Thanks for the support :)


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 12, 2012, 03:41:13 AM
The account now has 2 factor auth setup. Updated the OP with some more infos.


Title: Re: [GLBSE] Send to charity.
Post by: Newar on July 12, 2012, 03:53:09 AM
No you dont have to buy shares in anything just use the transfer feature.

This is why I was asking for the BTC deposit address. The way it is now only issuers of shares can donate.


Title: Re: [GLBSE] Send to charity.
Post by: memvola on July 12, 2012, 04:22:01 AM
No you dont have to buy shares in anything just use the transfer feature.

This is why I was asking for the BTC deposit address. The way it is now only issuers of shares can donate.

Why do you think that's the case? Anyone can transfer shares or bitcoins through GLBSE.


Title: Re: [GLBSE] Send to charity.
Post by: Newar on July 12, 2012, 04:35:50 AM
Because I didn't know?

Seen it now - thanks.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 12, 2012, 06:41:01 AM
No you dont have to buy shares in anything just use the transfer feature.

This is why I was asking for the BTC deposit address. The way it is now only issuers of shares can donate.

No you can also transfer bitcoins through glbse. I just created a bitcoin deposit address at 1HNhEsFJFjnipSwguuFmTFVtz5eGmX4n4J  so you dont need a glbse account.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 12, 2012, 06:44:41 AM
If people think its a good idea I will setup an actual asset on glbse, but that seems like an un needed extra cost.

My suggestion is to do this later, when you have more money.

Donated some shares of my companies too~ good luck

Thankyou. Looks like we will have daily income now thanks to YARR  :)



Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 13, 2012, 07:59:59 AM
We had the first dividend today thanks to YARR

Getting quite a diverse selection of shares for the fund. Thanks to all who are donating.
Update:
https://i.imgur.com/EHJaG.png



Title: Re: [GLBSE] Send to charity.
Post by: BlackPrapor on July 13, 2012, 09:07:51 AM
@bitcoin.me
Would you like to discuss what those funds would be spent for? I'd like to donate, but I want to be sure that your plans are consistent with mine so to speak  :)


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 13, 2012, 10:24:19 AM
@bitcoin.me
Would you like to discuss what those funds would be spent for? I'd like to donate, but I want to be sure that your plans are consistent with mine so to speak  :)


Its pretty specific.
The first 5 bitcoins raised will be donated to Gavin's bitcoin faucet to replace the ones that were stolen.

After that dividends will go to other free faucets and  http://bitcoin100.org/

The only other projects it would go to are ones that  promote bitcoin itself.




Title: Re: [GLBSE] Send to charity.
Post by: BlackPrapor on July 13, 2012, 03:07:18 PM
@bitcoin.me
Would you like to discuss what those funds would be spent for? I'd like to donate, but I want to be sure that your plans are consistent with mine so to speak  :)


Its pretty specific.
The first 5 bitcoins raised will be donated to Gavin's bitcoin faucet to replace the ones that were stolen.

After that dividends will go to other free faucets and  http://bitcoin100.org/

The only other projects it would go to are ones that  promote bitcoin itself.



::)


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 13, 2012, 09:40:47 PM
@bitcoin.me
Would you like to discuss what those funds would be spent for? I'd like to donate, but I want to be sure that your plans are consistent with mine so to speak  :)


Its pretty specific.
The first 5 bitcoins raised will be donated to Gavin's bitcoin faucet to replace the ones that were stolen.

After that dividends will go to other free faucets and  http://bitcoin100.org/

The only other projects it would go to are ones that  promote bitcoin itself.



::)

Is this not acceptable ? There arent that many which rely only on donations. If you have any other ideas I would like to hear them.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 14, 2012, 02:05:59 AM
The only other way this can work is by setting up voting using an asset.


Title: Re: [GLBSE] Send to charity.
Post by: sebnow on July 14, 2012, 10:59:39 AM
@bitcoin.me
Would you like to discuss what those funds would be spent for? I'd like to donate, but I want to be sure that your plans are consistent with mine so to speak  :)


Its pretty specific.
The first 5 bitcoins raised will be donated to Gavin's bitcoin faucet to replace the ones that were stolen.

After that dividends will go to other free faucets and  http://bitcoin100.org/

The only other projects it would go to are ones that  promote bitcoin itself.



::)

Is this not acceptable ? There arent that many which rely only on donations. If you have any other ideas I would like to hear them.

I guess he'd like an explicit list of faucet sites to which donations will be made.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 14, 2012, 12:30:44 PM
@bitcoin.me
Would you like to discuss what those funds would be spent for? I'd like to donate, but I want to be sure that your plans are consistent with mine so to speak  :)


Its pretty specific.
The first 5 bitcoins raised will be donated to Gavin's bitcoin faucet to replace the ones that were stolen.

After that dividends will go to other free faucets and  http://bitcoin100.org/

The only other projects it would go to are ones that  promote bitcoin itself.



::)

Is this not acceptable ? There arent that many which rely only on donations. If you have any other ideas I would like to hear them.

I guess he'd like an explicit list of faucet sites to which donations will be made.


Im not aware of that many.
http://paperco.in/faucet.php
https://freebitcoins.appspot.com/

Are the only two non ad supported ones I know of.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 15, 2012, 06:24:23 AM
Paid the first dividends out today.

0.139 to the bitcoin faucet donation address.

Payouts will be each week on Sundays.


Title: Re: [GLBSE] Send to charity.
Post by: BrightAnarchist on July 16, 2012, 11:14:42 PM
This looks interesting. Any chance the charity could be used to pay people to work on core bitcoin? If so, then I may toss in some coin since block-chain compression (https://bitcointalk.org/index.php?topic=93606) needs to be addressed.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 16, 2012, 11:33:25 PM
This looks interesting. Any chance the charity could be used to pay people to work on core bitcoin? If so, then I may toss in some coin since block-chain compression (https://bitcointalk.org/index.php?topic=93606) needs to be addressed.


I would like to see something like that happen but what I need is a list of features in order of importance and a corresponding donation address to contribute to. Once I have that I can split the dividends and contribute to different bounties or even issue an asset and let people vote through motions on where to send the coins next.

Edit: See the "bitcoin testing project" in the next post.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 17, 2012, 12:16:40 AM
Possibly related

https://bitcointalk.org/index.php?topic=76216.0
https://bitcointalk.org/index.php?topic=49841.0


Will be watching these developments with interest as it pertains to future donation efforts.

Edit: Just discovered the bitcoin testing project. https://bitcointalk.org/index.php?topic=80019.0


Is this an acceptable target for future dividend distributions ?


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 17, 2012, 12:48:30 AM
Updated the OP on what the funds will be used for.

Got a few do more donations of shares today plus I in threw in a few BFLS


Title: Re: [GLBSE] Send to charity.
Post by: nimda on July 17, 2012, 01:24:01 AM
Can you update the screenshot regularly?


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 17, 2012, 10:55:06 PM
Can you update the screenshot regularly?

Sure. Im going to need 2 screenshots soon because theres a lot of different assets  :)
https://i.imgur.com/fhpyZ.png


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 19, 2012, 11:22:58 PM
Someone donated another YARR share so there is at least .02 coins being raised every day or .12 each week from these shares alone. Thanks for your generosity whoever you are  :)

https://i.imgur.com/JPNv4.png


Title: Re: [GLBSE] Send to charity.
Post by: nimda on July 20, 2012, 02:50:53 AM
14 CPA shares? Expect a whammy at the end of the month  :D


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 20, 2012, 02:52:45 AM
14 CPA shares? Expect a whammy at the end of the month  :D

I donated them from my personal stash of 514 because I like round numbers   :D


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 21, 2012, 12:29:13 AM
10 shares of BITCOINRS donated. We have just passed last weeks dividend total.

https://i.imgur.com/iUmLM.png


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 22, 2012, 03:45:20 AM
Paid out .1 to the faucet and .0793 to the bitcoin testing project



Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 26, 2012, 11:40:33 PM
Update. Should be a decent payout in a few days.
https://i.imgur.com/lzZeE.png


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on July 29, 2012, 04:47:42 AM
Paid out a total of .31 today

.1 to the faucet .1 to the testing project and .11 to the bitcoin100


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on August 05, 2012, 08:42:39 AM
Paid out .075 to each of the OP projects today.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on August 11, 2012, 12:06:32 AM
This week we picked up 3 OBSI.HRPT

Paid .075 to the faucet,bitcoin100 and bitcoin testing project
Paid .10 to blockchain compression.

Should be able to donate .10 to all 4 projects next week.


Title: Re: [GLBSE] Send to charity.
Post by: koin on August 11, 2012, 11:09:12 PM
what is your exposure to pirate?

 ;D someone had to ask.



Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on August 12, 2012, 02:39:36 AM
what is your exposure to pirate?

 ;D someone had to ask.



LOL

I cant prevent people sending pirate shares to the account but so far the only ones related to pirate are YARR. I dont know about OBSI.HRPT but he hasn't said its pirate related.



Title: Re: [GLBSE] Send to charity.
Post by: cytokine on August 16, 2012, 02:24:18 AM
what is your exposure to pirate?

 ;D someone had to ask.



LOL

I cant prevent people sending pirate shares to the account but so far the only ones related to pirate are YARR. I dont know about OBSI.HRPT but he hasn't said its pirate related.

OBSI.HRPT is a strange one. I own 1 share just to keep it on my radar, but the guy really needs to give out more information if he wants people to trust him.


Title: Re: [GLBSE] Send to charity.
Post by: fabrizziop on August 16, 2012, 03:01:04 AM
what is your exposure to pirate?

 ;D someone had to ask.



LOL

I cant prevent people sending pirate shares to the account but so far the only ones related to pirate are YARR. I dont know about OBSI.HRPT but he hasn't said its pirate related.



We can't know if he (OBSI.HRPT) is pirate related. The main problem I see with him is that he says he's a pass through for an unknown service. As he doesn't tell us where the money is in, he can claim at ANY time the "entity" defaulted and the money is gone. I don't care if others get their bitcoins with him, but he won't get a satoshi from me.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on August 16, 2012, 03:09:20 AM
what is your exposure to pirate?

 ;D someone had to ask.



LOL

I cant prevent people sending pirate shares to the account but so far the only ones related to pirate are YARR. I dont know about OBSI.HRPT but he hasn't said its pirate related.



We can't know if he (OBSI.HRPT) is pirate related. The main problem I see with him is that he says he's a pass through for an unknown service. As he doesn't tell us where the money is in, he can claim at ANY time the "entity" defaulted and the money is gone. I don't care if others get their bitcoins with him, but he won't get a satoshi from me.

I dont invest in him either with my personal coins for that same reason. Its entirely his choice whether he tells people how he makes his money though. I do hope its not harming anyone though.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on August 20, 2012, 10:48:19 AM
Sent .10 to the 4 addresses in the op.

Next week there might be some changes as YARR has been shut down and we have a couple of btc to get other shares.



Title: Re: [GLBSE] Send to charity.
Post by: Garr255 on August 27, 2012, 08:25:03 AM
Great idea!


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on August 27, 2012, 08:45:41 AM
Great idea!

Its a thankless job so encouragement is accepted :D








 


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on September 02, 2012, 11:53:14 PM
Sent .10 to 4 projects and picked up 20 shares of KRAKEN. New donations included BIB.BVPS


https://i.imgur.com/KBPbt.png
https://i.imgur.com/KnXap.png


Thanks!


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on September 16, 2012, 06:01:58 AM
Last week our holding of OBSI.HRPT  sold because its likely that its some kind of ponzi scheme and funds reinvested in another security.
I dont think that deserves support given the pirate debacle.
 So we ended up paying .05 to 4 addresses this week.



Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on September 27, 2012, 07:36:20 AM
Paid .05 to 4 addresses today.


Title: Re: [GLBSE] Send to charity.
Post by: Bitcoin Oz on September 27, 2012, 12:19:39 PM
https://bitcointalk.org/index.php?topic=113400.0  the bitcoin foundation was announced today. I am going to have a chat to them about handing over the "charity" account as I mentioned in the OP. For now I have added the foundation to the donation list.

Im not sure if Gavin is continuing the testing project or not so the foundation may simply replace that one.