The University of Pennsylvania gifted $5m in btc from anonymous benefactor

[palle11]

According to the university, an anonymous benefactor gifted UPenn’s Wharton School of Business $5 million in Bitcoin (BTC) — roughly 118.46 BTC at the time of publication — which will be used to support the Stevens Center for Innovation in Finance.

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The school after announcing it requires a minimum $10,000 donation received $5 million in btc from someone not disclosing identity.



I don't know about you but the major factor of blockchain is that it allows sender to stay anonymous if you choose to and I think I like this part. You at any point can choose to stay hidden in transactions you do especially gift. The freedom of choice is well guaranted by blockchain.

It allows users :

Freedom: Yes it gives you the freedom of choice to stay anonymous by not disclosing to receiver your identity (although it also has its disadvantage when you send to wrong wallet   )

Humility: I see humility too because interms of gift, when we don't disclose to our benefactor about our identify, we simply displaying humility and to say
is a small world and we just have to show care, love affection without announcing ourselves. After all , the bible says when we are gifting with the right hand, we shouldn't allow the left hand to see or be aware of it

No Trace Left: Sure on that because blockchain only leave your hash transaction and that only confirms you can monitor the transaction if it is yet to be confirmed and after confirmation, you just have to move on and can't do a trace of real off line identity, only wallet source

[GreatArkansas]

(....) which will be used to support the Stevens Center for Innovation in Finance.

(....)

This is why the donor donates that huge amount of money. "Innovation in Finance"
For sure, Stevens Center will start to look forward to Decentralized Finance or more on blockchain-related Finance which is the opposite of current traditional finance.
The act did by the donor is amazing and for sure, Stevens Center is surprised with it.

[Leviathan.007]

5 million dollar is way too much money. The person who gifted this much money much be generous. In the world where people scam other people for a few bucks seeing someone gifted 5 million dollar can be to rare. However, here the point is bitcoin helped me to stay anonymous even after doing the donation, here you can see the one benefit being anonymous using bitcoin. If he/she was using any other payment method anyone could recognize his real identify.

[Poker Player]

While this is good news, it is not clear to me that this is entirely anonymous.. At least in some countries any donation has to be declared. Another thing is that you donate money to an NGO for example, and you don't want your name to be made public (to the press, to the public) but you have to donate with your name and surname and the NGO has to inform the tax authorities.

It is not clear to me whether when they talk about an anonymous donor, it is someone they know who they are but have not made public (although the tax authorities will know) or whether they have simply received the funds through a blockchain transfer and do not know which person made the transfer.