Thank you so much! We appreciate your participation.Hi Elizabeth,
First I would like to thank you for doing an AMA here.
When you were working for BitPay what kind of charitable causes were they supporting? What kind of political outreach did they do?
P.S. if you list your time zone then users who wish to ask you questions will know how long they have to ask, and will know why you have not responded if they ask after 11 your local time
Great question! I agree that it is so important for individuals to GIVE to their organization and or cause choice. One of the reasons WHY BitGive exists is to encourage non profits in every country and in every category to open the door to Bitcoin donations .Hi Elizabeth,
I know the rules of a 501(c)3 organizations can be rigid. The main thing I would love to see is the ability to choose which project the donation goes to. It's not that I don't trust the judgement, but for me, and I assume many others, giving to the charity of choice feels a bit more personal.
Is it possible, or have you considered such a model for donations?
Thanks
I have come to think it's a very relevant question and you can better weight people's opinions having an idea of how many Bitcoins they hold (or do not hold.) So Instead of asking their opinion on bitcoin, I'm now asking every participants the same question:"Never ask anyone for their opinion [...] Just ask them what they have -or don't have- in their portfolio"
Glad you asked about BitGive and thank you for participating in today's AMA!@Elizabeth, thanks for all you are doing for Bitcoin!!
Question: I don't know anything about BitGive... Do you help other charities get "onboarded" into bitcoin? And if so, I have a friend that runs a charity and is interested in accepting bitcoin. Do I have her contact BitGive?
I do not share personal financial information, but what I can say is... an individual would be foolish to not hold onto and also utilize some Bitcoin (cold and hot storage).Hello Elizabeth
I was re-reading Antifragile by iconoclast thinker Nassim Taleb recently. He writesI have come to think it's a very relevant question and you can better weight people's opinions having an idea of how many Bitcoins they hold (or do not hold.) So Instead of asking their opinion on bitcoin, I'm now asking every participants the same question:"Never ask anyone for their opinion [...] Just ask them what they have -or don't have- in their portfolio"
- Do you mind to tell us which percentage of your personal net worth and/or liquid assets you hold in Bitcoins ?
Thank you for this great question!Hi Elizabeth,
Thank you for doing this AMA!
Can you tell us what you feel in your opinion is the biggest challenge that nonprofits give you as a reason to not accept bitcoin at this time? What do they say, and how do you counter their claims?
Thanks for the answer! Education is key. I do have a follow up question if I may. How is then BitGive engaging with nonprofits to educate them on bitcoin (if at all)? Is BitGive attending philanthropy conferences to promote bitcoin?Thank you for this great question!Hi Elizabeth,
Thank you for doing this AMA!
Can you tell us what you feel in your opinion is the biggest challenge that nonprofits give you as a reason to not accept bitcoin at this time? What do they say, and how do you counter their claims?
Non profits often do not know enough about Bitcoin to feel comfortable with opening the door to donations in Bitcoin. Education is key. Non profits, naturally are concerned about losing existing donors. However, when non profits learn about the many key benefits of accepting Bitcoin donations: expanding their donor bases, a more secure donation experience for their donors, a potential growth in the value of a donation, no chargebacks and all the great ways to leverage Bitcoin donations in terms of social media, etc, it is hard for them to say no!
With an increased number of success stories and education, accepting donations in Bitcoin becomes a no brainer for non profits.
BitGive is generally one of the first organizations a non profit goes to when seeking to learn more about how to accept donations in Bitcoin.Thanks for the answer! Education is key. I do have a follow up question if I may. How is then BitGive engaging with nonprofits to educate them on bitcoin (if at all)? Is BitGive attending philanthropy conferences to promote bitcoin?
Thank you for this great question!
Non profits often do not know enough about Bitcoin to feel comfortable with opening the door to donations in Bitcoin. Education is key. Non profits, naturally are concerned about losing existing donors. However, when non profits learn about the many key benefits of accepting Bitcoin donations: expanding their donor bases, a more secure donation experience for their donors, a potential growth in the value of a donation, no chargebacks and all the great ways to leverage Bitcoin donations in terms of social media, etc, it is hard for them to say no!
With an increased number of success stories and education, accepting donations in Bitcoin becomes a no brainer for non profits.
Thank you so much for your note. To my knowledge, BitPay has not yet published a list of merchants. BitPay does have a highlighted list of some of their larger merchants, including non profits.Great to meet up with you again here, Elizabeth! It seems like forever since we corresponded about getting new nonprofits signed up at BitPay!
I've mentioned in this forum before.. about the list of IRS 501(c)(3) Public Charities That Accept Bitcoin that I maintain over in that other forum -- https://bitcointalk.org/index.php?topic=758674.0 It's a testament to your hard work that most of those charities get their bitcoin donations through BitPay.
Do you know? Did BitPay ever publish a list of their nonprofit partners, something like a merchant list of organizations that process donations through them? Or, in the bigger all-bitcoin universe, do you know of other such lists now?
Thanks for your follow-up! In the past BitGive has hosted donation drives in Bitcoin for orgnaizations who don't yet except Bitcoin- like Save the Children (at that time) and Medic Mobile. We are a gateway for them for education. I really do not know tat without BitGive's efforts Save the Children would have been ready to accept Bitcoin directly - so early in the technology's acceptance stages.Another question -- I guess I'd like to hear your 'sales pitch' on this: If there are all these other individual charities that accept bitcoin donations directly through their web sites, why should I give through a middleman like BitGive? You must take some of my donation for overhead costs or referral fees. And my donation just goes into an indeterminate 'pot' from which you distribute who knows how?
Help me with this? Not to be critical of things I don't know. But I just haven't seen before any compelling argument for giving to BitGive.
You bring up another really great usecase! Bitcoin is certainly being accepted at faith-based/religious institutions. We at BitGive are not directly reaching out to specific types of charities but have an open door for charities, religious organizations and non profits that would like to learn more about bitcoin and Bitcoin acceptance.Thank you for coming here and taking our questions!
A very high percentage of charitable giving in the US is through religious organizations such as churches, synagogues, temples, mosques and many para-religious organizations. What kind of outreach are you doing to reach those kind of organizations and educate them about the value of accepting bitcoin?
Have you done much outreach so far to religious or semi-religious organizations or have you mostly focused on secular charitable giving? What about in the future? If you have done outreach, what has their response been?
Source: http://nccs.urban.org/nccs/statistics/C ... igures.cfm
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