How does this Philanthor plan on harnessing a collective intelligence? now the little people can become a philantropist!! Decentralizing a good deed!
People have ideas, and moral values. These are not necessarily reflected in today's world, where decisions are taken based on political views, and capital interests. This is where philanthropy foundations come into place and fill the gap. You can see the work of Gates Foundation for example. They come in and help in areas where governments or financial corporations do not participate enough. We are the same, the only difference is that we want to run it based on the collective intelligence of our members. We like to hear what you are interested to fix in the world, what illnesses, gender inequalities, etc... and act based on those inputs from the members.
https://www.philanthor.comThere is a huge problem with starting a philanthropy foundation out of nowhere for a reason. You mention Bill Gates, but trust has never been an issue since he used his own money and was the richest man in the world when he got started. It's very different when a few guys launch a thread and want to collect investor money to do the same. How much are you putting up to get the fund going? I am not saying your intentions are bad, but there are dozens and dozens of trust issues with this approach.
That's a good point. More than that - this is exactly the point of what we are doing: to allow anyone to become a real philanthropist not only the rich and famous (many of them doing it as a way of saving taxes on their investments and personal assets).
We have pre-allocated about 60% of all the token supply to give away for philanthropy, and another 50% of all the proceeds of the token sale for donations. The whole model is described in the white paper here:
https://www.philanthor.com/assets/whitepaper.pdfBlockchain makes this much more transparent than any traditional foundation in the world today, which aren't accountable to any of their donors. Blockchain solve a lot of trust issues: transparency, traceability and accountability. So if one is ok with donating to any traditional foundation or charity, one should be more than happy with donating to a foundation that is running on a transparent open ledger.
I think you should focus on some very specific causes in order to get the word out and show that you can make an impact. If you just distribute your tokens and call yourself a philanthropic project people may not believe you. I think you should focus on something to get started and demonstrate how it could work.
Very well-said. That's why I'm too hesitant with projects like this - charity, philanthropic movement...Because most of the time, they just want to raise money for themselves. Why not provide us proofs first that you can deliver such mission? If you are really philanthropists, you don't need huge money to start with.
1. We have dedicated 50% of the pre-sale and crowd sale to donate to causes. That is the proof of concept.
2. We have vetter already over 100 recipients (charities and grant seekers) for that proof of concept purpose.
3. We have set asside over 60% of all tokens in circulation into funds/buckets that will go to philanthropy activities only - that for the future of the fund.
I request that you read our plan in the white-paper, or direct questions to us to understand the model. Beyond that, if you have constructive suggestions how to prove the proof of concept beyond what we are already doing, we are listening and welcoming such advise.
The plan in the white paper is one thing and execution the other. I would like to see a known organization come forward and confirm that you are serious about this. You are not the first project with a sound white paper asking for money to launch a philanthropic network. This is not against you. Experience just isn't the best when people claim to dedicate themselves to good causes.