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Author Topic: [GLBSE] Send to charity.  (Read 4575 times)
Bitcoin Oz
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July 11, 2012, 08:41:44 AM
 #1



This is an account I setup on GLBSE after a suggestion from Sukrim. The idea is that any coins or shares sent to this account will be used to donate to various faucet sites and the bitcoin100, or future bitcoin promotional activities. I sent 7 COGNITIVE shares to it already.

If bitcoins get donated I will use them to get more shares that pay dividends and in turn be able to fund more donations. I intend to eventually hand over this account whenever a bitcoin foundation exists at some point in the future.

The glbse account to donate to is called "charity"

Edit:As there are currently no administration costs I take nothing out of the pot. I will probably only need to send out dividend coins once per week and that is a one minute job. If someone wants to donate a free website maybe on google apps that would be good.


If you dont have a glbse account I setup a deposit address at 1HNhEsFJFjnipSwguuFmTFVtz5eGmX4n4J any coins sent here will buy some shares probably in companies who have already donated some Smiley


What will the funds be used for ?
The dividends will get distributed amongst the faucet,the bitcoin100  http://bitcoin100.org and the bitcoin testing project https://bitcointalk.org/index.php?topic=80019.0



 
We will also contribute to bounties from time to time for important bitcoin related development work.



Paid to Date

15ArtCgi3wmpQAAfYx4riaFmo4prJA4VsK |
Faucet
0.789

17XvU95PkpDqXAr8ieNpYzSdRDRJL55UQ8
https://bitcointalk.org/index.php?topic=80019.0
Bitcoin Testing Project
0.6293

1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac
http://bitcoin100.org/
Bitcoin100
0.56

https://bitcointalk.org/index.php?topic=93606.0
Ultimate Blockchain Compression
16ofWVGwqDVjwhV95fDUrkyqT4Bcy1Nc6G
0.475

https://bitcointalk.org/index.php?topic=113400.0
The bitcoin foundation.
1BTCorgHwCg6u2YSAWKgS17qUad6kHmtQW

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Bitcoin Oz
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July 11, 2012, 08:42:10 AM
 #2

[Reserved]

Some time ago Gavin's account was hacked and 5 bitcoins were stolen. http://gavintech.blogspot.com.au/2012/03/bitcoin-faucet-hacked.html

Because of this I have decided that the first 5 bitcoins we raise will be sent to his site at https://freebitcoins.appspot.com/

I am also looking for free (not ad supported) faucets that need support. If you find any let me know!

http://www.paperco.in/faucet.php

Ben Walsh (beamer)
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July 11, 2012, 10:19:14 AM
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Excellent idea.

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How many Bitcoins can I expect to mine ? - http://bitcoindetailedcalculator.appspot.com
BTC Donation Address : 13Wu7W7jmjQot7xnqogHYSmUmR1MzyB3YE
Bitcoin Oz
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July 11, 2012, 01:25:49 PM
 #4

Excellent idea.

Thanks. Its about as lean as can be as far as a charity org goes since it doesnt even need a website.


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July 11, 2012, 04:45:34 PM
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What is the BTC deposit address?

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July 11, 2012, 05:41:28 PM
 #6

What is the BTC deposit address?

sign up to GLBSE, transfer funds to your GLBSE account, then after they show up in your account, then buy shares in "charity"

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July 11, 2012, 07:02:52 PM
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Beat me to it didn't see your post.  I think there is room for more than one charity fund as mine it not solely raising for bitcoin project itself..  If I ever run out of time for my own fund I'll give whatever raised to your fund.  Good luck.

https://bitcointalk.org/index.php?topic=92754.0

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July 11, 2012, 09:23:56 PM
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I like the idea. Faucet sites have helped me get started so I have donated a BIB.BVPS share.

Donations: 1LTzmaxiDxWefd2kxED3j53du7uv8hFYL7
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Bitcoin Oz
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July 11, 2012, 10:11:37 PM
 #9

What is the BTC deposit address?

sign up to GLBSE, transfer funds to your GLBSE account, then after they show up in your account, then buy shares in "charity"

No you dont have to buy shares in anything just use the transfer feature.

This is why-
Quote
Transfer fees

There is no fee to transfer bitcoin (BTC) or assets/securities that have a total trade volume of less than 20BTC since IPO. Everything else has a 0.20% BTC fee of the 5 day average price. This fee is not refundable.

Thanks to our first donations :


Bitcoin Oz
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July 11, 2012, 10:21:04 PM
 #10

Beat me to it didn't see your post.  I think there is room for more than one charity fund as mine it not solely raising for bitcoin project itself..  If I ever run out of time for my own fund I'll give whatever raised to your fund.  Good luck.

https://bitcointalk.org/index.php?topic=92754.0

"charity" has  a specific purpose of promoting bitcoin itself. I dont want to pick winners and losers as far as other charities goes thats the job for the bitcoin100.

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July 11, 2012, 10:55:43 PM
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If people think its a good idea I will setup an actual asset on glbse, but that seems like an un needed extra cost.

Bitcoin Oz
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July 11, 2012, 11:36:58 PM
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I like the idea. Faucet sites have helped me get started so I have donated a BIB.BVPS share.

Thanks for the support Smiley

Bitcoin Oz
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July 12, 2012, 03:41:13 AM
 #13

The account now has 2 factor auth setup. Updated the OP with some more infos.

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July 12, 2012, 03:53:09 AM
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No you dont have to buy shares in anything just use the transfer feature.

This is why I was asking for the BTC deposit address. The way it is now only issuers of shares can donate.

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memvola
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July 12, 2012, 04:22:01 AM
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No you dont have to buy shares in anything just use the transfer feature.

This is why I was asking for the BTC deposit address. The way it is now only issuers of shares can donate.

Why do you think that's the case? Anyone can transfer shares or bitcoins through GLBSE.
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July 12, 2012, 04:35:50 AM
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Because I didn't know?

Seen it now - thanks.

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Bitcoin Oz
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July 12, 2012, 06:41:01 AM
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No you dont have to buy shares in anything just use the transfer feature.

This is why I was asking for the BTC deposit address. The way it is now only issuers of shares can donate.

No you can also transfer bitcoins through glbse. I just created a bitcoin deposit address at 1HNhEsFJFjnipSwguuFmTFVtz5eGmX4n4J  so you dont need a glbse account.

Bitcoin Oz
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July 12, 2012, 06:44:41 AM
 #18

If people think its a good idea I will setup an actual asset on glbse, but that seems like an un needed extra cost.

My suggestion is to do this later, when you have more money.

Donated some shares of my companies too~ good luck

Thankyou. Looks like we will have daily income now thanks to YARR  Smiley


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July 13, 2012, 07:59:59 AM
 #19

We had the first dividend today thanks to YARR

Getting quite a diverse selection of shares for the fund. Thanks to all who are donating.
Update:



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July 13, 2012, 09:07:51 AM
 #20

@bitcoin.me
Would you like to discuss what those funds would be spent for? I'd like to donate, but I want to be sure that your plans are consistent with mine so to speak  Smiley

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