Having been at a couple of exchanges recently doing transactions I was left with tiny amounts of crypto currency (dust) that cannot be sent or spent and that left me thinking.
Exchanges usually give you the option to clear the altcoin from your balances. That effectively donates the dust to the exchange.
Another way to use it is to buy a bit more, so you have enough to cover the minimum and sell it again. An even better solution would be to not collect dust in the first place.
Or, since you never know in crypto, you can just keep the dust until it becomes worth something again.
What if exchanges were to set up a charity bucket,bin,box or whatever you want to call it on their site for reputable global charities.
I can think of a few different reasons why it won't work:
1. It's extra work for the exchanges
2. The exchanges would rather get it for themselves.
3. It can't be verified, and can easily be cheated on by exchanges.
4. Almost any "charity" is just a business with directors, salaries and air travel. It will be hard to find one everybody agrees upon.
What do you folks think ?
My negativity aside: I did make a similar suggestion earlier this month. Not related to exchanges, but only to altcoins you actually control:
Another idea just popped up in my head: Dust to Charity!
I've had (and still have) many different altcoins, all barely worth anything, and for sure not worth the time to figure out how to sell them for a few pennies. I imagine many people have this "problem". Wouldn't it be nice to create a website where you can just upload old and almost empty altcoin wallets, after which the site collects them, and once worth it, sells them to donate the proceedings to some (crypto related) charity?
