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Author Topic: How to build a reliable BTC Charity Platform?  (Read 945 times)
lixiaolai
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April 22, 2013, 07:45:33 AM
 #1

I think bitcoin is ideal for charity. But there're many predicaments.

First of all, how to prevent others modify bitcoin receiving address when reposting? (it happened when I called for "help lushan donation" https://bitcointalk.org/index.php?topic=181336.0 )

Secondly, in most cases, charity fund has to be exchanged into a specific currency (other than virtual currency such as BTC or LR) to put into use. How to determine the exchange rate?

Thirdly, what should be the criterion to verify a charity not a scam?

Any suggestions? please help me.

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franky1
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April 22, 2013, 07:54:17 AM
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first of all. get yourself registered as a charity with your government then people may start seeing you as legit.

second of all. get yourself registered as a charity with your government then people may start seeing you as legit.

thirdly. show exactly how the money will be used wisely EG having a photo gallary of you personally handing out bottles of water/food/clothing/blankets to those affected

fourthly. see the funds roll in as those, like me that do have a heart donate a lot when they see the money being used wisely. but big donators don't just throw money at every hand that comes begging, just because they ask for it.

the things i look for are:
1. for a long term charity : registration numbers
2. for short term disaster relief: plan of how the funds wil be converted to local currency, then how the local currency will be used. and preferably if its a local disaster relief. someone that actually lives in the area to be hands on in the project and not just a middle man taking a cut on the income.

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lixiaolai
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April 22, 2013, 08:45:16 AM
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first of all. get yourself registered as a charity with your government then people may start seeing you as legit.

second of all. get yourself registered as a charity with your government then people may start seeing you as legit.


The dilemma is that if you're in China, you can hardly get registered as a charity with the government.  Angry

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April 22, 2013, 09:17:07 AM
 #4

I think bitcoin is ideal for charity. But there're many predicaments.

First of all, how to prevent others modify bitcoin receiving address when reposting? (it happened when I called for "help lushan donation" https://bitcointalk.org/index.php?topic=181336.0 )

You could always GPG-sign the address. Also, you could redirect any givers to the official website, and not sending BTC to random adresses posted on forums and so on.
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April 22, 2013, 09:23:08 AM
 #5

I think bitcoin is ideal for charity. But there're many predicaments.

First of all, how to prevent others modify bitcoin receiving address when reposting? (it happened when I called for "help lushan donation" https://bitcointalk.org/index.php?topic=181336.0 )

You could always GPG-sign the address. Also, you could redirect any givers to the official website, and not sending BTC to random adresses posted on forums and so on.

GPG-signed address! nice solution.

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April 22, 2013, 09:25:51 AM
 #6

I think bitcoin is ideal for charity. But there're many predicaments.

First of all, how to prevent others modify bitcoin receiving address when reposting? (it happened when I called for "help lushan donation" https://bitcointalk.org/index.php?topic=181336.0 )

You could always GPG-sign the address. Also, you could redirect any givers to the official website, and not sending BTC to random adresses posted on forums and so on.

GPG-signed address! nice solution.

Then any potential giver could verify it against a pubkey that is published on your webpage. If you get people to do that would be another battle though. But I would guess anybody caring enough about the charity would take steps to ensure the funds went to the right place.
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April 22, 2013, 10:12:13 AM
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If only he pastes an address...

                               
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lixiaolai
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April 23, 2013, 05:21:20 AM
 #8

it's a pity that he doesn't understand bitcoin...

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