Quote from: mordecai779 on June 29, 2014, 09:52:33 AM

Well this is obviously deader than dead...

Hardly. It's summer and there is a lot of work going on in the background to add in support for POS which is a much better model (IMHO) for the mindset of this blockchain.

doabitofgood.com is putting in the infrastructure with a licensed payment processor gateway to allow people to act as "underwriters" for charitable giving organizations by allowing them to bid and buy their coins, which in turn they can donate to other causes that they care about. We're also slowly acquiring GIVE to build our reserves and to take the coins out of circulation.

In this way, we will be creating a "virtuous cycle" in charitable giving!

What is NOT clear at this point is what kind of preferential tax treatment one might enjoy from this kind of transaction set. It's akin to a "silent auction" that many charities hold today. Let's say you buy a piece of artwork or kitcsh/schwag thing that had been donated to the charity. That donor gets a tax break. You get a tax break by acquiring because you've just given money to a charitable cause. You will also likely get another tax-break when you gift the item to another cause.

Our goals are to create a long term value in this blockchain for pro-social causes. To build value in the coinbase by linking the historical exchange activity of the coins so that some coins may be worth more than others (aka "colorcoins").

We're also strongly investing into ClearWaterCoin as well for the same reasons.

So if you're into GIVE for a quick buck, you probably want to point your miners elsewhere.

David V Duccini
Executive Director
doabitofgood.com