Bitcoin Forum
November 19, 2017, 12:00:27 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: World's first bitcoin endowment fund nears one hundred thousand dollars  (Read 530 times)
lifeboat
Member
**
Offline Offline

Activity: 76



View Profile WWW
September 24, 2013, 07:11:03 PM
 #1

The following press release can be seen in HTML format at http://lifeboat.com/ex/press.releases.bitcoins.hundred.thousand.dollars

WORLD'S FIRST BITCOIN ENDOWMENT FUND NEARS ONE HUNDRED THOUSAND DOLLARS

Abstract

World's first bitcoin endowment fund nears one hundred thousand dollars.

Story

September 24, 2013 -- World's first bitcoin endowment fund nears one hundred thousand dollars.

Thanks to a large pledge of 500 BTC (bitcoins) by Brian Cartmell, Lifeboat Foundation's bitcoin endowment fund at https://lifeboat.com/ex/bitcoins has soared to nearly $100,000. Brian will match the next 500 BTC donated to Lifeboat Foundation.

While the Lifeboat Foundation was founded in the 21st century, until recently it was mainly funded using 20th century money, basically various types of monies backed by governments. Lifeboat is now working to have the majority of our funding come from 21st century money -- money backed not by governments but by algorithms. The 21st century money Lifeboat is currently focused on is bitcoins.

Crypto-currencies have many advantages over old-fashioned government-backed money. For example they enable transparency, enabling Lifeboat to show that our endowment monies are stored in these wallets: http://blockchain.info/address/1Lifeboatu7Y9YqKQRcXfjWYJdXog9CS7r, http://blockchain.info/address/1LifeboatdUHD5eepYdcZZ57VjcwJU6CtB, http://blockchain.info/address/1Lifeboa1zJ7xJabHzVDmnsgqZ11m6LWL5, http://blockchain.info/address/1LifeDkGUgNJcneyRb5JUPTBF1pnT13C2U, http://blockchain.info/address/17aDRzRQK8ccBLVBzsms3ZasVKc9q3o3Qk, http://blockchain.info/address/1EYHFdzc3bnuzZAJxj2iCx4RdtdrVzkL92, and http://blockchain.info/address/1MVn2E3hMf9cziRCsZzFnf1oLtSEeMVCSx. They also allow people in less developed countries to have access to the rest of the world. For example, PayPal alone blocks access to over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don't think a human being from Haiti, Ethiopia, or Kenya should have diminished access to the world because of payment issues they can't control. Our goal is to enable people, not block them.

We would like to start a trend of nonprofits building endowment funds with bitcoins instead of just spending them all. Nonprofits could be using the deflationary power of bitcoins to build up their resources so they are in a better position to make a difference in the world. Help us launch this trend!

Lifeboat Foundation is now partners of Bitcoin Foundation and Bitcoin Magazine. Lifeboat Foundation bitcoin-related board members include Jeff Bone, Paul Buitink, Vitalik Buterin, Brenton Camac, Philippe Camacho, Brian Cartmell, Stephen DeMeulenaere, Matthew Elias, Mark Friedenbach, Chris Haley, Adam Harding, Zach Harvey, Kris Henriksen, Dan Ilett, Nejc Kodric, Aaron Lasher, Sean Lavine, Adam B. Levine, Colbert Low, Jon Matonis, Trace Mayer, Sam Mindlin, Lasse Birk Olesen, Salvatore W. Delle Palme, Michael Parsons, Elizabeth Ploshay, Alan Reiner, Benson Samuel, Charlie Shrem, Eli Sklar, Adam Stradling, Jorge Timón, Jonathan Waller, Alex Waters, and J.R. Willett.

Also, to give back to the bitcoin community, Lifeboat Foundation has created the first Windows version of oclvanitygen in the world that runs well on high-end AMD cards. (Our version runs nearly four times as fast as the old version!) You can download it for free at http://lifeboat.com/oclvanitygen and can learn more about what we did on GitHub at https://github.com/samr7/vanitygen/issues/19. oclvanitygen is used to create vanity bitcoin addresses such as our bitcoin address 1Lifeboatu7Y9YqKQRcXfjWYJdXog9CS7r that begins with 1Lifeboat.

                                                                                     ####

About Lifeboat Foundation

The Lifeboat Foundation is a nonprofit nongovernmental organization dedicated to encouraging scientific advancements while helping humanity survive existential risks and possible misuse of increasingly powerful technologies, including genetic engineering, nanotechnology, and robotics/AI, as we move towards the Singularity.

Contacts:

Lifeboat Foundation News office
1638 Esmeralda Avenue
Minden, NV 89423, USA
+1 775-853-5212
press@lifeboat.com

Learn about the world's first bitcoin endowment fund at https://lifeboat.com/ex/bitcoin

Donate at 1LifeboatVPg24QghZ73Dzrx8AxcJLCnoA
1511049627
Hero Member
*
Offline Offline

Posts: 1511049627

View Profile Personal Message (Offline)

Ignore
1511049627
Reply with quote  #2

1511049627
Report to moderator
1511049627
Hero Member
*
Offline Offline

Posts: 1511049627

View Profile Personal Message (Offline)

Ignore
1511049627
Reply with quote  #2

1511049627
Report to moderator
1511049627
Hero Member
*
Offline Offline

Posts: 1511049627

View Profile Personal Message (Offline)

Ignore
1511049627
Reply with quote  #2

1511049627
Report to moderator
Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511049627
Hero Member
*
Offline Offline

Posts: 1511049627

View Profile Personal Message (Offline)

Ignore
1511049627
Reply with quote  #2

1511049627
Report to moderator
MAbtc
Hero Member
*****
Offline Offline

Activity: 560


View Profile
September 24, 2013, 07:37:24 PM
 #2

Good stuff.  Smiley

lifeboat
Member
**
Offline Offline

Activity: 76



View Profile WWW
September 25, 2013, 03:21:07 AM
 #3

Good stuff.  Smiley

Thanks! We think it will be great when we are able to say we "saved the world" with bitcoins!

And it is cool that we are introducing our many board members to bitcoins. Our board members include Nobel Laureates Daniel Kahneman, Eric S. Maskin, Richard J. Roberts, and Wole Soyinka.

Learn about the world's first bitcoin endowment fund at https://lifeboat.com/ex/bitcoin

Donate at 1LifeboatVPg24QghZ73Dzrx8AxcJLCnoA
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!