Quote from: freequant on November 23, 2013, 04:50:29 PM

Quote from: freequant on November 23, 2011, 05:45:58 PM

I am in for 1BTC per charity.
I pledge an additional 100 BTC to the Red Cross and Unicef whenever they get onboard.

Today is the 2nd anniversary of my initial pledge. To date, neither Red Cross or Unicef have come on board.
In the meantime, Bitcoin has raised 300 folds, making the terms of my initial pledge borderline unsustainable.
On the occasion of this second anniversary, I have decided to review the terms of my pledge to match better my donation target in dollar terms, while keeping the initial spirit of the pledge.

The new terms of my pledge, effective immediately, and valid until 23 Nov. 2015 are now:
1 - 10k USD equivalent in BTC (regardless of the BTC/USD exchange rate) for Red Cross whenever they join.
2 - 10k USD equivalent In BTC (regardless of the BTC/USD exchange rate) for Unicef whenever they join.
3 - 100 USD equivalent In BTC / charity, up to 100 charities (max 10k USD in total).

@Phinnaeus Gage, I don't really have the time to follow carefully this thread, and I don't know most of the charities, so I'd like to ask you if you don't mind to manage pledge (3) on my behalf, and to notify me if you hear about Red Cross or Unicef joining Bitcoin so that I can execute pledge (1) or (2). If you are ok, I'll send you a first installment of 5k USD for pledge (3), please convert it back to USD and use it 100 USD at a time for next 50 charities (please confirm the BTC address) and let me know once it's used up so that I can send you the second installment. Alternately, I can also send directly 5k USD to your Bitstamp account via Ripple (see: Deposit > Ripple > USD).

Thank you so kindly, freequant, for your generous pledges. Here's to hoping that Red Cross and Unicef eventually join the ranks of those that accept Bitcoin donations via their respective websites.

As far as for you wanting Bitcoin 100 to have on deposit $5K USD as per your instructions, Rassah will be the person that handles all the financial aspects, thus no need to send it via Ripple via Bitstamp (I, personally, and Bitcoin 100 use BitPay's services). Rassah will probably hash a separate wallet, along with tagging it accordingly for all to see, to pull from as endowments are allocated. If, by chance, you rather not have others know where (read what wallet) your $5K stemmed from, I'm sure Rassah may be able to cloak the transaction somewhat, but I'm not sure on that regard. Just thinking out loud, and wanting you to know that there's always the possibility of something not taken into consideration.

I'll PM Rassah this post, whereupon he'll know what to do and contact you via a PM. Once the funds are settled, the "block chain" tx will be made available for all to see since we try to be 100% transparent.

Since we are no longer endowing 100 BTC due to the exchange rate, opting for an exact $1,000 USD endowment from here on out since approximately the forth payout, Rassah will probably pull $900 USD of the current funds on hand and add a $100 USD from another dedicated wallet bearing your name or some other tag. It may be awhile before we ever have to request from you the other $5K pledge but, then again, stranger things have happened in the realm of Bitcoin, and Bitcoin 100 might be doling out $1K endowments like there's no tomorrow if NPOs start coming outta the woodwork.

Again, thank you again, freequant, for your generosity. I only wish I had more adjectives (or is it adverbs Roll Eyes

) in my vocabulary to express how I really feel.

Bruno Kucinskas