Bitcoin100: Surely, This Can't be Right!!!

[Bitcoin 100]

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

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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

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

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[1715343008]

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[1715343008]

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[BitPay Business Solutions]

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.

[bitcoinbetas]

this ^^

[sadpandatech]

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

[Phinnaeus Gage]

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)