Post
Topic
Board Bitcoin Discussion
Re: Will you donate Bitcoin for the poor and needy?
by
xebecstyx
on 17/01/2018, 15:01:20 UTC
That is nice to offer bitcoins for like charity and so forth. I know there are some well established charitable companies that will take bitcoins as donations. Now the issue i worry about is the fact that most of this organizations that i spoke of might not know how to properly handle bitcoins so they might sit on them till some accounting person noticed them. That i fear would make my donating to a local cause like hurricane victims a long drawn out process.

I agree. However, I think it would be better if you would actually exchange it for money and use that money to be donated to the poor or charity. I say that because not all people, especially those involved in charity know what to do with the cryptocurrency and bitcoin. I think that the most critical aspect for them is money and giving something that is not money or at least not supplies to be used readily would be virtually useful to them.