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posted by Fnord666 on Wednesday December 27 2017, @08:10PM   Printer-friendly
from the saving-the-internet dept.

The Pineapple Fund has given $1M in Bitcoin to the Internet Archive.

This year, Christmas came early to the Internet Archive. On Saturday, the generous philanthropist behind the Pineapple Fund gave $1 million dollars in Bitcoin to the Internet Archive. This anonymous crypto-philanthropist explains, "I saw the promise of decentralized money and decided to mine/buy/trade some magical [I]nternet tokens. ...Donating most of it to charity is what I'm doing." We so admire this donor using Bitcoin as the currency of giving this season, and are honored to be the recipients of such a gift. Whoever you are, you are doing a world of good. Thank you.


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  • (Score: 4, Informative) by MichaelDavidCrawford on Wednesday December 27 2017, @09:44PM

    by MichaelDavidCrawford (2339) Subscriber Badge <mdcrawford@gmail.com> on Wednesday December 27 2017, @09:44PM (#614880) Homepage Journal

    If the donor were to sell his coins so he could donate cash he would have to pay capital gains tax

      But if he donates assets the charity reaps the profit which is not taxed

    The FSF is set up to accept bitcoin and one or two other cryptos

    --
    Yes I Have No Bananas. [gofundme.com]
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