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Author Topic: Donating With Bitcoin  (Read 536 times)
wtsimis (OP)
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March 21, 2022, 06:58:35 AM
 #1

One of my friends suddenly sent me a picture that showed a Mosque that they wanted to rebuild or infrastructure development, whether I want to participate in the donation or help them reach more people to get a donation. I see the details and have a conversation with that friend about their plans. I contact some of my other friends and cousins about the matter. Many of them are agreed to respond.

Why don't I open a Bitcoin donation campaign to reach more people? I know many peoples who work in the crypto industry. They also can donate here.
This thread never suggests you donate here or somewhere else with your cryptos. I want to remind you how we can implement Bitcoin or other Altcoins in our daily life. We can use the crypto industry in every possible way in our life. It'll open new doors of opportunities.
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March 21, 2022, 07:08:14 AM
 #2

Donating through bitcoin/crypto isn't new — I mean, we literally had a $10m+ donation to the Ukrainian government/charities.

Not sure if the crypto community in general would be keen to donate to religions though, besides probably some people with the same faith.

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March 21, 2022, 07:39:27 AM
 #3

This is one thing I love the Muslims for, they are cheerful givers, when they start a project they simply ensure it gets to the last point.
The news of Bitcoin donations to Ukraine has gone widespread... They should be the first country to receive such.
Just as Mk4 has said, they're not new, asides the recent donations of Bitcoin to Ukraine, there are other nonprofit firms that accepts Bitcoin donations such as;

A Just Harvest, A Leg to stand on etc.
https://thegivingblock.com/resources/nonprofits-accepting-crypto-donations/

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March 21, 2022, 07:56:35 AM
Merited by DdmrDdmr (2)
 #4

Why don't I open a Bitcoin donation campaign to reach more people? I know many peoples who work in the crypto industry. They also can donate here.
The problem is trust. You are a random anonymous person on the internet that we can not easily trust.
However if the donation was directly given to some place official, then it would be a different story. For example an organization that does this kind of work (eg. reconstruction) and has a license to work and is working under some kind of supervision.

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March 21, 2022, 08:08:35 AM
 #5

Feel free. Donating is something that's done willingly anyway, so tbf, even if you do open up an address for donations, if people aren't given enough ways to trust that said donation would go to whatever you're saying it would go then no one would really donate. Maybe you can use it for local people in your area or your social circle, but outside of that, you're probably gonna need to provide more proof. Though before all that, people need to be willing to do so in the first place.

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March 21, 2022, 08:24:30 AM
 #6

One of my friends suddenly sent me a picture that showed a Mosque that they wanted to rebuild or infrastructure development, whether I want to participate in the donation or help them reach more people to get a donation. I see the details and have a conversation with that friend about their plans. I contact some of my other friends and cousins about the matter. Many of them are agreed to respond.

Why don't I open a Bitcoin donation campaign to reach more people? I know many peoples who work in the crypto industry. They also can donate here.
This thread never suggests you donate here or somewhere else with your cryptos. I want to remind you how we can implement Bitcoin or other Altcoins in our daily life. We can use the crypto industry in every possible way in our life. It'll open new doors of opportunities.

I think crypto donating has made a big step forward with the ongoing war in Ukraine as official donations have been supported by the government. So it seems it has taken a big leap forward and people could be inclined to donate through crypto much more than before. However, it is important to open donations for other types of crypto besides BTC because a lot of people think of BTC as a store of value and therefore are more inclined to hodl.

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March 21, 2022, 08:34:49 AM
 #7

Happy to see you understand one other good point of bitcoin or other cryptocurrencies but donating with bitcoin is not new and there were many people donating a huge amount of money through bitcoin anonymously because they don't want to reveal their names to other people, there are also some foundations they based on donating with cryptocurrencies some of them are managed but anonymous people, I guess if the person gets some bitcoin for donating he does also have the chance to invest the bitcoin and get more from the donation he gets.

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March 21, 2022, 08:36:52 AM
 #8

I think crypto donating has made a big step forward with the ongoing war in Ukraine as official donations have been supported by the government. So it seems it has taken a big leap forward and people could be inclined to donate through crypto much more than before.
The war of Ukraine and Russia have made government to know that bitcoin is very important to the society through the donation of Ukraine, far distance donation for supportive measure, so every donations made with bitcoin was very fast, so if i were world bank i would have rise the motion of bitcoin been adopted but always remain independent and decentralized because of speed of it's transaction.

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March 21, 2022, 08:39:04 AM
Merited by wtsimis (1)
 #9

In my particular case, I don't donate with Bitcoin, I prefer to use fiat, because I am in accumulation phase and I prefer to spend the minimum bitcoin, especially when the market is bullish, not now. Although there are many people who donate with Bitcoin but I guess they have enough Bitcoin accumulated already, or they receive most of their income in Bitcoin, so it doesn't hurt them to spend it.

Why don't I open a Bitcoin donation campaign to reach more people? I know many peoples who work in the crypto industry. They also can donate here.

But you would receive donations only in Bitcoin? I wouldn't close the door and accept fiat as well, unless you want to do without reporting to the authorities or something, think there are many people who either don't have Bitcoin or have Bitcoin and fiat and prefer to spend fiat, like me.

In any case, in order to donate, I have to be very sure that the project is legit. If I have the slightest doubt, I don't donate. So I suggest that if you carry out the idea, develop it well and be as transparent as possible.

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March 21, 2022, 09:19:43 AM
 #10

While your initiative are good, but never ever using Bitcoin to donate for a Mosque and even worst you're live on where Bitcoin is banned on your country. I'm not discriminating, but most of Moslem consider Bitcoin is haram/forbidden. If anyone know the sources to rebuild the Mosque, they wouldn't want to use that Mosque because it's from forbidden sources. You might got jailed after doing this.

You should know the limit when you wanted to help someone and not harm yourself.
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March 21, 2022, 09:32:04 AM
 #11

I thought Muslims were against the idea of Bitcoin and cryptocurrencies as they called them ponzi and all sorts of derogatory names. It was a heated argument in 2017/2018 when I newly joined this forum. I couldn't understand what the noise was all about then as some people opined that Muslims were against any project that paid interest, the same way they don't encourage interest banking. Has all that changed now?

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March 21, 2022, 10:28:32 AM
 #12

Now it's about trust, if you open a donation campaign, then I don't trust it except for official institutions and also some well-known foundations there, I know that donations are humanity that must be helped through anything including bitcoin and cryptocurrency but here I question trust in the donation that was made.

If the issue of Ukrainian donations is different, we have seen clearly how Ukraine needs it because their country is destroyed in every city, while the government itself makes donations through cryptocurrency, many people believe and donate.

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March 21, 2022, 01:02:40 PM
 #13

Many of us expect merits from others after creating a valuable post.


Relevant, isn't it, OP? Grin Grin
Finding a beautiful and noble reason to ask forum users for a donation.
Every person sees himself as right and wants to be good. Where else can you donate? There are a lot of reasons for sick children, the construction of churches and mosques, of course, wars.
But, OP, that's an old idea. Bitcoin has been accepted for donations for a long time, and anyone who wants to be kind always knows where to put their money.

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March 21, 2022, 02:14:50 PM
 #14

Why don't I open a Bitcoin donation campaign to reach more people? I know many peoples who work in the crypto industry. They also can donate here.

1 - about the first question: you are anonymous, everyone on this forum is anonymous or at least most people on this forum are anonymous which means that few people would trust you and your story. That's why the best option would be for you to look for donors in your country, even if it's for bitcoin I believe that in your country there must be people who use bitcoin and may be willing to donate

2 - be careful when you ask for a donation to these people from the cryptocurrency industry, as they may not be people who believe in your story, as I said before, the best thing would be for you to look for people from your country


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March 21, 2022, 03:59:13 PM
 #15

Has all that changed now?
Rules never change. Many peoples use cryptocurrency as an investment. However, my knowledge about this part is short.
Quote
cryptocurrency is deemed permissible and halal under Islamic Sharia law

You should know the limit when you wanted to help someone and not harm yourself.
I just planned it, I'll talk about this section with other people who have better knowledge about this discussion better than me. I just wanna show an example of how we can implement crypto transactions in our daily life also thanks for your advice.
 
Finding a beautiful and noble reason to ask forum users for a donation.
Bitcoin has been accepted for donations for a long time, and anyone who wants to be kind always knows where to put their money.
I never asked a donations from forum users or show any reason for giving donations. I just showed a small example of how we can use digital transections in our daily life. [Honourable mention: isn't that a good meme? I like that template]

1 - about the first question: you are anonymous, everyone on this forum is anonymous or at least most people on this forum are anonymous which means that few people would trust you and your story. That's why the best option would be for you to look for donors in your country, even if it's for bitcoin I believe that in your country there must be people who use bitcoin and may be willing to donate

2 - be careful when you ask for a donation to these people from the cryptocurrency industry, as they may not be people who believe in your story, as I said before, the best thing would be for you to look for people from your country

Thanks, man for suggesting good ways. I'll remind these terms before asking for any donations and also I don't ask for any donation or related thing in the forum. It is just an example.
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March 21, 2022, 05:11:39 PM
 #16

~snipped~
we may discover that persons that carried such mentality where either illiterate or had no fore knowledge about bitcoin.
I wouldn't know about the second part but I know for certain those who advanced that line of argument were not illiterate. In their argument they advanced that Bitcoin was money and since it appreciated and rose in price that it's like interest paid on cash kept in the bank and they frowned at it. They maintained that interest shouldn't be paid on cash kept in the bank. I think they called it Islamic or Sharia banking or so, where interest aren't paid. It's a long time but it was an interesting read then for me because I saw different shades of arguments. It's nice to see everyone now getting on the move and embracing Bitcoin.

Well, let's hope a few people misinterpreted it and everything is back to factory setting now.

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March 21, 2022, 05:15:16 PM
 #17

One of my friends suddenly sent me a picture that showed a Mosque that they wanted to rebuild or infrastructure development, whether I want to participate in the donation or help them reach more people to get a donation. I see the details and have a conversation with that friend about their plans. I contact some of my other friends and cousins about the matter. Many of them are agreed to respond.

Why don't I open a Bitcoin donation campaign to reach more people? I know many peoples who work in the crypto industry. They also can donate here.
This thread never suggests you donate here or somewhere else with your cryptos. I want to remind you how we can implement Bitcoin or other Altcoins in our daily life. We can use the crypto industry in every possible way in our life. It'll open new doors of opportunities.

I think donation with Bitcoin is the best way to donate, really. That way you can follow where the Bitcoin goes. You can track the entire blockchain and the path your donation takes. I am sure there are many good and trustworthy donation projects, however, as history has shown, there is absolutely no use in trusting humans. No matter how good the cause, there will always be people who want to take advantage of the money.

With blockchain there is no need for trust. We verify.

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March 21, 2022, 06:04:45 PM
 #18

One of my friends suddenly sent me a picture that showed a Mosque that they wanted to rebuild or infrastructure development, whether I want to participate in the donation or help them reach more people to get a donation. I see the details and have a conversation with that friend about their plans. I contact some of my other friends and cousins about the matter. Many of them are agreed to respond.

Why don't I open a Bitcoin donation campaign to reach more people? I know many peoples who work in the crypto industry. They also can donate here.
This thread never suggests you donate here or somewhere else with your cryptos. I want to remind you how we can implement Bitcoin or other Altcoins in our daily life. We can use the crypto industry in every possible way in our life. It'll open new doors of opportunities.

I think donation with Bitcoin is the best way to donate, really. That way you can follow where the Bitcoin goes. You can track the entire blockchain and the path your donation takes. I am sure there are many good and trustworthy donation projects, however, as history has shown, there is absolutely no use in trusting humans. No matter how good the cause, there will always be people who want to take advantage of the money.

With blockchain there is no need for trust. We verify.
True. Bitcoin is the perfect currency to make donations, as the receiver will never be able to lie or hide where the funds really went.

I've seen donations campaigns lacking this transparency factor before in my area. People leading such campaigns use to think they should reveal details and informations about the campaign's funds only to those they want, instead of doing this publicly.

Bitcoin solves this issue. However, once the money from donations is converted back to fiat in order to be used, we lose the trail of the funds again... So it's really disappointing in the end.

To prevent that, donations in btc should be used also as currency in btc.

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March 21, 2022, 06:13:36 PM
 #19

Donating through cryptocurrency is a great way to help anonymously. Also, it's very simple and easy for organizations to receive donations through cryptocurrency worldwide. But the problem is a lot of scammers misuse that opportunity. But yes, verified organizations could raise donations easily if donators believe that is real. Otherwise, it's hard to collect cryptocurrency. So think a legit way how you may prove this donation goes to a legal party. Otherwise, you won't succeed much. Also, you need to be trusted here and always need to update the situation if you wonder to collect funds from the forum.

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March 22, 2022, 03:32:57 AM
 #20

Yeah sure why not, you can try but as others have stated, i doubt that too many people here would be interested outside of those whom share the same faith as you do. I think personally that a lot of “bitcoiners” don’t tend to be very religious, so you might not find too much support here but why not try.

I have hosted several charity auctions here with great success, so it’s worth giving it a shot.

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