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Re: Bitcoin 100: Developed Specifically for Non-Profits
by
Phinnaeus Gage
on 22/03/2014, 04:50:15 UTC

Glad to see you made it outta Newbie. For all practical purposes, this NPO seems like a viable entity deserving funding from Bitcoin 100.

I'm sure you won't mind if another 24 hours passes so that if anybody has a concern it'll give them time to express it, but I'm pretty sure there shouldn't be a problem. If nothing is posted on this thread shedding any negative light by tomorrow evening, I'll contact Rassah and get the ball a rollin'. In fact, that ball is already in motion with this reply.

Bruno Kučinskas

If they are successful in their application for funding I'll go through the details of setting them up to use Bitcoin.

    "Give a man a Bitcoin and he'll convert it to fiat, teach him how to use it and he'll join the economy."

If anyone knows places where the virtual doctors can buy the equipment for their charity in btc it will have an even more positive effect on the Bitcoin economy.


UPDATE: As one of the first charities in the UK to accept donations in Bitcoins, we were delighted when Bitcoin100 chose our charity for a donation and then more than 40 members of the Bitcoin community chose to show their generosity and sent us Bitcoins. Unfortunately the bankruptcy of MtGox, who held our wallet, means we have lost access to those donated funds. We will continue to watch developments in the hope that we can reclaim our missing funds and in the meantime we have opened another wallet on a different exchange. Please use the following address for donations:

1Q2HHrF4jrLSYVMHEGyB9XqPR1hNRexLBq

Thanks!

According to the use of your first wallet - 1G1zNwrLw7xQPWUvRierbg9wrkUCJ2Dort - only a small amount went to Mt Gox prior to Bitcoin 100 endowing you folks.

How where you using Mt Gox as a wallet, when the scuttlebutt during that time frame was "Do not use!"? Virtually, nobody was able to get coins out once place there, thus wondering what issues you encountered during the withdrawal process, and if an issue arose, was the community made aware of issues? Surely, you weren't using the exchange to possibly increase your bitcoin position, where you?

From everything I've read in the past hour pertaining to the Virtual Doctors Project, funds were desperately needed. Were you also taking fiat donations and converting them to bitcoins and placing them on Mt Gox?

From the best of what I can ascertain, the endowment from Bitcoin 100 wasn't transferred to Mt Gox, but used to purchase products or services, or traded for fiat to be used for the cause.

Ideally, I would love to start a campaign to garner up to the $1,000 USD via BTC lost, but unfortunately I can't do that.

The best I can do is via this post, hoping that others will contribute to Virtual Doctors Project to hopefully regain any bitcoins that they may have been lost due to the downfall of Mt Gox.

Bruno Kucinskas