Bitcoin Forum
December 06, 2016, 12:33:43 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin100: Surely, This Can't be Right!!!  (Read 874 times)
Bitcoin 100
Member
**
Offline Offline

Activity: 84


ZERO Transfer Fees: Because Every Bit Counts


View Profile WWW
December 31, 2011, 05:07:58 AM
 #1

Surely, This Can't be Right!!! Comments below the image.

As seen here: https://apply.networkforgood.org/productgallery.aspx

Quote
Become an Online Fundraising Superhero

Whether you're just getting started online or taking your activities to the next level, we're excited to help you get started--and succeeding!--online. Check off any and all products you'd like and we will get the process started for you.



From Network for Good's website, I've gleaned the following:

  • 100,000+ NONPROFITS COUNT ON US
  • DONATIONS DISTRIBUTED: $575 MILLION TO DATE!

Then I did the math.

100,000 X $600 = $60,000,000 that Network for Good (good for them) takes in--Minimum, A YEAR!

They have been online for over 10 years, therefore $575,000,000/10 = $57,000,000 a year on average they have collected and dispersed donations to date.

I would be happy with 10%--or less--with that business model in hand.

Note in the image that the charitable organizations still pay that 3% processing fee.

I think it's time for a little disruptive innovation starting with charitable organizations, hence Bitcoin100. http://www.claytonchristensen.com/disruptive_innovation.html

Quote
Some examples of disruptive innovation include:

Disruptor                                     Disruptee

Cellular phones                              Fixed line telephony
Community colleges                       Four-year colleges
Discount retailers                           Full-service department stores
Retail medical clinic                        Traditional doctor’s offices
Bitcoin                                         Fiat

Bitcoin100: 1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac
Attention Non-profits: By choosing Bitcoin as a donation option, you'll incur no transfer fees, thus receiving 100% of donations in kind, thereby keeping in the spirit of giving--to those in need.
1481027623
Hero Member
*
Offline Offline

Posts: 1481027623

View Profile Personal Message (Offline)

Ignore
1481027623
Reply with quote  #2

1481027623
Report to moderator
1481027623
Hero Member
*
Offline Offline

Posts: 1481027623

View Profile Personal Message (Offline)

Ignore
1481027623
Reply with quote  #2

1481027623
Report to moderator
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481027623
Hero Member
*
Offline Offline

Posts: 1481027623

View Profile Personal Message (Offline)

Ignore
1481027623
Reply with quote  #2

1481027623
Report to moderator
1481027623
Hero Member
*
Offline Offline

Posts: 1481027623

View Profile Personal Message (Offline)

Ignore
1481027623
Reply with quote  #2

1481027623
Report to moderator
BitPay Business Solutions
Hero Member
*****
Offline Offline

Activity: 756


View Profile WWW
December 31, 2011, 05:12:27 AM
 #2


Charities need to get on the bitcoin bandwagon, because they can now accept a payment from any country, for free, right from their website. For a 501(c)(3) we will process the payments for no charge.

BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
bitcoinbetas
Sr. Member
****
Offline Offline

Activity: 240



View Profile
December 31, 2011, 05:17:27 AM
 #3

this ^^
sadpandatech
Hero Member
*****
Offline Offline

Activity: 504



View Profile
December 31, 2011, 06:41:21 AM
 #4


From Network for Good's website, I've gleaned the following:

  • 100,000+ NONPROFITS COUNT ON US
  • DONATIONS DISTRIBUTED: $575 MILLION TO DATE!

Then I did the math.

100,000 X $600 = $60,000,000 that Network for Good (good for them) takes in--Minimum, A YEAR!

They have been online for over 10 years, therefore $575,000,000/10 = $57,000,000 a year on average they have collected and dispersed donations to date.

I would be happy with 10%--or less--with that business model in hand.

Note in the image that the charitable organizations still pay that 3% processing fee.
Aye, which means to have received 575mil in donations those charities gave up 17,250,000 just in 3% fees..

craziness

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1302


Bitcoin: An Idea Worth Spending


View Profile
December 31, 2011, 07:14:39 AM
 #5


From Network for Good's website, I've gleaned the following:

  • 100,000+ NONPROFITS COUNT ON US
  • DONATIONS DISTRIBUTED: $575 MILLION TO DATE!

Then I did the math.

100,000 X $600 = $60,000,000 that Network for Good (good for them) takes in--Minimum, A YEAR!

They have been online for over 10 years, therefore $575,000,000/10 = $57,000,000 a year on average they have collected and dispersed donations to date.

I would be happy with 10%--or less--with that business model in hand.

Note in the image that the charitable organizations still pay that 3% processing fee.
Aye, which means to have received 575mil in donations those charities gave up 17,250,000 just in 3% fees..

craziness

Sorry for the delay in replying, but had to find the right 'Madness' clip: http://www.youtube.com/watch?v=-qR0Uke2XNI (I was hunting for the scene in The Bridge on the River Kwai)
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!