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Author Topic: Accepting bitcoin for donations enables those in Diaspora to participate  (Read 221 times)
AVE5 (OP)
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September 02, 2024, 10:59:52 AM
 #1

Greetings to the house, haven been away or rather unstable from the forum in couple of weeks now due to the nature of my job, I'm glad to have been eased gaining back the accessibility to the forum again as usual.

I'm sharing with us some of my credible impacts against a community funds donation for an election.
On July, we held a Town Hall political meeting on behalf of our candidate in the upcoming election in my consistency which prio of the meeting is basically fund donations for the campaign. The meeting was also projected virtually so that others in Diaspora can also partake.
In the previous election, the community really missed out supports from those in the Diaspora given excuses of inability to send money home from abroad such as network failures, not being able to find our local banks there in abroad and lot of the people in both home and abroads haven excuses that they intensionally ignored the support because they don't want to exposed their supportive IDs probably political reasons believing the government could have their centralized fiat transactions on track getting them exposed.
Haven considered their excuses undoubted, this time with the level of knowledges I've acquired from this bitcointalk forum, I was able to be creative enough learning from the occurance of the past with an opinion that this time donation would be opened for both Bitcoin and Fiats all being acceptable.
I got the audience convinced with reasons being for accepting bitcoin is to enable those in Diaspora and all those who want to keep their donation support anonymous to be able to participate on the donation because the supportive structures has proof a wider range so we ain't leaving anyone behind as much all hands being on deck to win the election if finance be the case.

So just in, I was informed that in the couple of just few weeks, there had been a huge amount of funds in the bitcoin donors than the fiats. Surprisingly even unexpected individuals from my localities were also donating in bitcoin as well as those in Diaspora.
And I'm been accolade for the opinion of bitcoin.

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September 02, 2024, 12:55:10 PM
 #2

To begin with, a very simple question - why do you think the topic of donating via BTC for the purpose of political campaigns is suitable for the Speculation board?



As for the donations themselves, Bitcoin can be one of the ways that people can donate, but we still live in the 21st century when people can do the same without going to the bank and making payments to someone's account. What you wrote may indicate that your people in the diaspora want to donate, but they did not do so for some reasons (not necessarily technical), and with the help of BTC they overcame that problem (or problems).

What should be noted is that BTC is not anonymous to the extent that a person cannot be linked to a specific transaction, especially if the coins included in the transaction are linked to CEXs on which the sender has done KYC.

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September 02, 2024, 04:12:12 PM
 #3

I don't know the country in which you reside, but I don't think there is any country in the world that will have issues regarding receiving money from the diaspora. Anybody who is giving excuses for network failure and not having access to local banks is not serious. Maybe such individuals don't want to donate and are just giving excuses. Different payment platforms have partnerships with all the banks in the world that can send these funds to any part of the world.

Network issues are not also an issue because every country has access to internet connections. Transactions might be slow, but banks make sure they have good internet connections. My country has a very poor internet connection but this has not stopped the flourishing of international remittance.

The desire to make pseudonymous donations makes some sense to me. The government usually wants to trace where opponents get their campaign funds. And sometimes such accounts are tracked and frozen. It's good to know that your political movement has started receiving Bitcoin donations. Accepting Bitcoin will also promote accountability since all the donations received can be easily monitored from the Blockchain.

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September 02, 2024, 05:03:01 PM
 #4

 It's commendable of you on how you managed to subtly introduce Bitcoin to them and it's equally good they listened to you because you were able to solve two issues; presenting another alternative for those in the diaspora to contribute financially and also, those who were present were able to learn about Bitcoin and know there are so many ways to accepting money, not only the traditional method which is receiving through banks.
 You mentioned being applauded for your efforts and I think its well deserved because this way you've been able to orange pill a little crowd and if care's not taken, maybe you could be called upon to teach more about Bitcoin...(Heh, this is me getting ahead of me self Grin)

 
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September 02, 2024, 05:29:23 PM
 #5

I have seen a lot of threads that are in good cause for gathering donations through BTC and any other alternatives that a donator can be. But to see it that it will be in a purpose of campaign funds, I think that this is the first time of seeing it. While it really is amazing, the people that are looking at it will have to appreciate the use case of Bitcoin as an actual money just like fiat.

We move and look forward on how times flies when people were too scared to receive funds in Bitcoin but nowadays, it's a way to donate for good causes. It's normal to ask for campaign funds through donations and this is how you're going to gather funds if there are silent supporters of you that are holding Bitcoin. Just like in the US election, I think that some known exchanges have already vowed millions of dollars to specific candidates. While the only difference is they probably not sending it directly through Bitcoin but if their nature of business is crypto related, I guess that we can tie that and connect still.

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September 02, 2024, 05:35:59 PM
 #6

Hard to say you can hide a BTC transaction actually when the accounts used to buy BTC are connected to a gateway that has their IDs. Any platform today is subjected to ask the details of the accounts even the social media. They should be aware of how to be anonymous, especially donating for political reasons, it's almost a crime now to even talk against the government. The whole world got the idea from China and they find it ideal.

Because everything today is related to politics, you have to be paranoid to be smarter because even forums are being watched. See what happened to Telegram?

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September 02, 2024, 08:17:12 PM
 #7

The kind of people we have built around us will be the kind of those who will support us on whatever thing we do in life, if you're into crypto and have bitcoin holdings, then i also expect that those that you will move with are going to be the same type that have similar thinking with you, because they will see the need and necessity of using bitcoin as a payment medium, even without anyone persuading them they make payments in bitcoin because they are holding it.

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September 02, 2024, 10:01:36 PM
 #8

Well, one of the feature of Bitcoin is financial inclusion, so it is not a surprise that Bitcoin can fix things like @OP stated where problems on where to send money arise due to lack of support of the country where the donation came from to the local bank of the receiver. 
I believe this Bitcoin won't be used to support the Bitcoin adoption drive or the promotion of Bitcoin but rather it will be exchanged for fiat in order to finance the political activity of the candidates.

Hard to say you can hide a BTC transaction actually when the accounts used to buy BTC are connected to a gateway that has their IDs. Any platform today is subjected to ask the details of the accounts even the social media. They should be aware of how to be anonymous, especially donating for political reasons, it's almost a crime now to even talk against the government. The whole world got the idea from China and they find it ideal.

Because everything today is related to politics, you have to be paranoid to be smarter because even forums are being watched. See what happened to Telegram?

We really can't hide the BTC transaction since all our data are submitted on the platform and the platform has the record of our BTC purchases and BTC transfers.  And it can even trace where the money is used when the receiving address is connected to the identity of another person.

As long as BTC enters a centralized system that requires KYC, all connections will be known as long as they use the regular/natural means of transfer.

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September 05, 2024, 12:51:41 AM
 #9

so many charity organization also accepts cryptocurrency nowadays and there are so many people that willing to shell out money to help each other, it's actually a really good thing and it could help restore sense of humanity.
like there are so many popular crypto figure that actively do philanthropist thing with crypto.

just recently vitalik sold the animal themed meme coin that randomly sent to his wallet to some charity organization if im not mistaken and I see that as a good gesture.

the seamless process of donating with crypto is indeed a good way to improve charity funding.

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September 05, 2024, 02:23:59 AM
 #10

Using Bitcoin as a channel for donations, especially internationally, is a pretty good idea, because it can solve various problems such as high fees, speed, and privacy. However, in some countries, their governments usually strictly regulate how candidates for office get their donations and how they can be accountable for it. In my own country, here candidates for office can get donations from citizens or diaspora, but the amount of money and the identity of the sender must be clear and can only be done via cash or ATM network, if you use Bitcoin, automatically the donation will be considered illegal because the payment channels regulated in our country are only fiat or ATM.
I don't know where you live, but you are lucky enough that your government doesn't really mind how you collect money for donations.

R


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September 05, 2024, 05:48:43 AM
 #11

so many charity organization also accepts cryptocurrency nowadays and there are so many people that willing to shell out money to help each other, it's actually a really good thing and it could help restore sense of humanity.
like there are so many popular crypto figure that actively do philanthropist thing with crypto.

just recently vitalik sold the animal themed meme coin that randomly sent to his wallet to some charity organization if im not mistaken and I see that as a good gesture.

the seamless process of donating with crypto is indeed a good way to improve charity funding.

It's a great opportunity indeed.
As I remember, It was like this "Vitalik Buterin urged the community to send the memecoin token funds they want to send him directly to charities". And he donated around $500k Grin

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September 06, 2024, 04:28:33 PM
 #12

It is true that bitcoin is providing people a chance to send money all together, election donations are a good one without a doubt. I have seen this used in a good way, have seen it used in a bad way too, it doesn't matter what you use it for, the ability of bitcoin to connect the whole world together is a great one and we should be happy about it. I know that it is going to be a hard one, but it's looking like it's not a bad one, we could definitely see the changes in the price.

As long as we have this kind of trouble, we shouldn't really be worried because we will have the solution in bitcoin and nobody will care. I get that it may not look that simple to many people but the point of bitcoin is to allow people to get together financially. This doesn't have to be just one person to another, which it is most commonly used of course, but it could also be a lot of people get together, raise some money and then send it via bitcoin to someone else in another country too.

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September 06, 2024, 10:31:11 PM
Last edit: September 09, 2024, 06:02:02 PM by AmoreJaz
 #13

so many charity organization also accepts cryptocurrency nowadays and there are so many people that willing to shell out money to help each other, it's actually a really good thing and it could help restore sense of humanity.
like there are so many popular crypto figure that actively do philanthropist thing with crypto.

just recently vitalik sold the animal themed meme coin that randomly sent to his wallet to some charity organization if im not mistaken and I see that as a good gesture.

the seamless process of donating with crypto is indeed a good way to improve charity funding.

This hastens the process of donating as they can just easily send their donations via online address. Unlike in the traditional way, some of them need to pay good amount of money for the transaction fees especially for cross-border payments. Now, with the crypto payment route, they can pay minimal amount in fees without the hurdle of other necessary documents.

Hard to say you can hide a BTC transaction actually when the accounts used to buy BTC are connected to a gateway that has their IDs. Any platform today is subjected to ask the details of the accounts even the social media. They should be aware of how to be anonymous, especially donating for political reasons, it's almost a crime now to even talk against the government. The whole world got the idea from China and they find it ideal.

Because everything today is related to politics, you have to be paranoid to be smarter because even forums are being watched. See what happened to Telegram?

There are other alts that you can choose from other than BTC if you want more privacy. Remember, these organizations are not exclusively accepting BTC these days, they are already open to other known alts. I guess, you can still hide your privacy if you know how to do it. Just be aware of the information that you are disclosing to the public.

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September 07, 2024, 01:38:41 AM
 #14

I don't know the country in which you reside, but I don't think there is any country in the world that will have issues regarding receiving money from the diaspora. Anybody who is giving excuses for network failure and not having access to local banks is not serious. Maybe such individuals don't want to donate and are just giving excuses. Different payment platforms have partnerships with all the banks in the world that can send these funds to any part of the world.

You're right but given benefit of doubts just as pointed as one of the reasons is to keep their supports anonymous regardless that the fiat transactions is centered under the custodial of the government which could get them on track while giving their support using the bitcoin on self custodial wallets probably if they have a non KYC required wallet would maintain their anonymities.
It's obvious that most of the excuses were irrelevant but since it's a willingness donation, it'd be unnecessary in questioning.

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September 07, 2024, 09:11:54 AM
 #15

In fact, I find it a very useful way to donate to election campaigns with Bitcoin, especially for those who want to maintain their identity for political reasons for fear of the government or some corrupt officials who might harm them because of their political stance.

This is a really good way for those who want to hide their identity, they can freely support their political party with Bitcoin, and for those who want to show their donations for media reasons and care about knowing the amount of their donations, they can simply donate directly in fiat or through central banks.

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September 07, 2024, 03:22:29 PM
 #16

The kind of people we have built around us will be the kind of those who will support us on whatever thing we do in life, if you're into crypto and have bitcoin holdings, then i also expect that those that you will move with are going to be the same type that have similar thinking with you, because they will see the need and necessity of using bitcoin as a payment medium, even without anyone persuading them they make payments in bitcoin because they are holding it.
But in this case it is not possible that all the people involved in the political meeting will have the same mindset and thinking towards Bitcoin. They were not his personal friends that he moves with all the time. They were just people of same political constituent, so it wasn't just a matter of the people he moves around with or have close association with. Moreover I don't think it's wise enough to only move or associate with people that have same investment mentality with us. That someone don't fancy our investment choice doesn't mean that we shouldn't associate with them. There are other areas that they will be of help to us in life. If people around us don't have enough knowledge about bitcoin as a means of payment, I don't see anything wrong if we enlighten them about it and make them become conversant with it.

R


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September 08, 2024, 05:20:30 AM
Merited by yhiaali3 (1)
 #17

In fact, I find it a very useful way to donate to election campaigns with Bitcoin, especially for those who want to maintain their identity for political reasons for fear of the government or some corrupt officials who might harm them because of their political stance.

This is a really good way for those who want to hide their identity, they can freely support their political party with Bitcoin, and for those who want to show their donations for media reasons and care about knowing the amount of their donations, they can simply donate directly in fiat or through central banks.

A fact indeed very much useful. I'd assume that to be a techniques to stay unrevealed if have to give donations to the public especially on the political affairs because one could be indicted by opposition as a result of political sentiment of being an opposition.
Monopoly governments we sees today are most cases of making obvious interest in the public pool.
So giving your financial supports on bitcoin would keep you anonymous and even to a security wise level that the public wouldn't be attracted to your worth or the amount you donated unlike fiats would get you exposed on unnecessary recognitions and environmental threats.

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September 08, 2024, 05:38:58 AM
 #18

Accepting bitcoin for donations is a good idea in my opinion because it can Attracting New Donors since crypto is borderless meaning someone in other countries can start sending the money to other countries without needing a middleman like visa or Paypal.

Second you can remain anonymous because there is someone who want donate money to other and they didn't want anybody know.

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ethereumhunter
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September 08, 2024, 09:49:19 AM
 #19

How if the donations comes from the illegal activity because once you spreads your wallet in the public place for donations for the campaign, people who work for illegal activity can send their funds through Bitcoin without you know who they are. They don't know if they accept the fund from illegal activity but they can say that they have much funds to do election. Besides that, each candidates can also receive the funds from illegal activity and they can do many things with that funds. The election will be not fair for those people who doesn't have much funds because they can not get more attention from people as they are limit to use their funds to win the election.

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September 12, 2024, 08:33:46 AM
 #20

Accepting bitcoin for donations is a good idea in my opinion because it can Attracting New Donors since crypto is borderless meaning someone in other countries can start sending the money to other countries without needing a middleman like visa or Paypal.

Second you can remain anonymous because there is someone who want donate money to other and they didn't want anybody know.

Exactly. Most interesting is the intermediary party that's not needed when making the transaction. Making payments using bitcoin isn't just exemptional remarked for donations but can also give us some more convenient services that we can also send funds across either to our relatives or whosoever as it reduces transaction fees due to its global adoptions and financial unification of course transaction fees ranges in or lesser than $1 of any amount of Bitcoin sending out unless there could be a network congestion before additional fees is considered unlike sending money across using the centralized banking system which exchange rates can be discouraging and the banks not having a fixed transaction fees meaning fees depends on the banks and the higher the amount is higher the fee of your transaction.
Bitcoin accessibility for international transactions and keeping individual donations anonymous In cases that individuals wills to make donations across other countries observing economy inequality and financial sanctions of each other can be a success for such transaction where the fiats is deprived

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