Pass it forward

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If you had a fortune in bitcoins, what would you do with it?

One Bitcoin whale( a term often used for someone who owns a good deal of bitcoins) has decided to simply give most of it away to charities.

The anonymous sponsor announced his intentions on Reddit, and launched a locate for this endeavor which he had called the Pineapple Fund.

“I recollect starting at bitcoin a few years ago. (…) Bitcoin has changed my life, and I have far more money than I can ever spend. My objectives, goals, and motivations in life “ve got nothing” to do with having XX million or being the mega rich. So I’m doing something else: donating the majority of my bitcoins to charitable motives. I’m calling it The Pineapple Fund, ” he wrote on Reddit.

According to its website, the fund is giving to worthy benevolences, preferably cross-file, and not mortals, but exclusions may be made in “exceptional circumstances.”

The fund totals 5,057 bitcoins, which is about $86.4 million at today’s premiums, and it represents the majority of the owner’s cryptocurrency gives.

Of course, with the benefactor being anonymous, it’s difficult to discover his or her genuine purposes, but the Bitcoin address associated with the fund undoubtedly had a balance of 5,058 bitcoins and has sent out a total of 228 bitcoins as yet.

So far, the Pineapple Fund has given$ 1 million to Watsi, The Water Project, the EFF and Maps, as well as $500,000 to the BitGive foot.

So why do all this and remain anonymous? The fund’s creator has an interesting reason in the FAQ.

“The more bitcoin goes up, the very worried I am of my security. I’d like to live a very low profile life, and most people in my life don’t even know the magnitude of bitcoins I have, ” he wrote.

Correction: Such articles initially said the donor’s bitcoins were worth $86.4 billion. They’re actually worth $86.4 million .</ em>

Disclosure: The columnist of this verse owns, or currently being owned, a number of cryptocurrencies, including BTC and ETH

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