Thanks for the info; If we were not (imho) so far moving into the end-times, I would call Pirzolo from Fidelity myself and see if we could make some kind of partnership.
(That) almost sounds like a match made in heaven- tax deductible crypto donations being sought by people already with bitcoin.
(I spoke to MIP about something similar last year - we talked about having a 501c3, and accepting 'slices of' orphan donations - something to the effect of one $40 donation for an orphan-month of charity, tax deductible, in bitcoin, and the donor receives not only the tax deductible donation, but a slice of BBP's governance reward - therefore the sponsor gets an asset back and a compssion child gets paid).
Im going to post a lot about these ideas, and see what we can do. We don't have the room to make any mistakes, our next step has to be exactly right, and compatible, and useful.
I was thinking last night of (on a similar subject) of a service that would make biblepay useful (that is not related to the killer use case for crypto), but a use case for bbp.
Something to the effect of BBP sanctuaries become a marketplace to connect charity expenses to charitable donors.
Something for example, where the donor is happy to use us as a broker for the donation (because they receive a BBP reward back, coming from our charity budget) for doing it; but the deal is we get to list the item as a brokered charity donation on our web site. So basically, the world helps support and continue orphans/babies/efficient charities, we get to show our help and progress, and they get some type of asset (BBP coins) to hold for the future. (Something to make people happy to use the service).
As far as brokering, we would need to seek discounts from charities, so either we can make a commission or give the end user a discount and that would sweeten the deal.
I was also thinking it might be good for us to withhold 90 days of sanctuary payments to all sancs, in an escrow.
And we make each sanctuary a broker - then they must perform on the called upon duty, otherwise they lose their sanctuary and they lose the escrow.
One duty might be for example: Donor A wants to donate $120 in fiat to compassion child B. Sanctuary 105 facilitates the transfer and stores a record with the PDF for us using the public key of the sanc and signs it. This tx also uploads to our web site. Then we become fully decentralized, etc. A random sanc would be chosen each time a donation is facilitated through bbp.
Also, this type of thing would remove market pressure as we would seek donations from the world for all sponsorships, and all we would spend is our 1-10% charity expense as a reward to go back to the donor (to entice them to hold bbp and repeat the process). (And on a side note I was thinking, maybe we should also decrease our monthly superblock and charity expenses to be based on our price - IE 1-10% emission, on a scale depending on our price level. Our 10% charity only is fully 10% if we are above .01 cent).
We would act as a charity broker.
One big reason I havent mentioned all this yet is Ive been praying to try to find out (an answer related to 501c3 / DAC).
At this point, I'm feeling we should still do this as a DAC (dec autonomous charity) (not a centralized 501c3, with an individual country presence).
The benefit of DAC is its decentralized, its global, its resilient. The only negative about the DAC is there is no tax deduction available to give for an individual direct donation into Biblepay;
But that may possibly be overcome, depending on how these transactions work (after all the fiat or crypto source might go directly to a charity and we might be an agent etc).
I need to do some charting of what all the possible transactions would be, and how they would each work. We also need to research pass-through donations tax deduction laws.
