NEWS

Bitcoiners Answering the Call for Relief 

Ayelen Osorio
Community + Content Marketing

February 19, 2020

Imagine if this were you for a moment:

2009:
You hear about Bitcoin and think “Wow, it’s a great initiative. I’m going to give it a try!”

2010:
You mine Bitcoin but eventually stop to focus on your family and career. So, you let it rest for a few years.

2017:
You become a millionaire because Bitcoin reaches over $10,000. What do you do now with all this new wealth?!

 

 

This isn’t just a fairy tale story. It has happened multiple times to a variety of people who were early adopters of cryptocurrency.

Bitcoin has produced a new class of spontaneously wealthy people, many of whom have become philanthropists turning cryptocurrency into goodwill.

These philanthropists have sent Bitcoin to:

  • support the Philippines when it was drowned by Typhoon Haiyan.
  • support Iran when the floods inundated about 2/3 of the land.
  • provide food and medical aid to Venezuelans in need as their economic situation spirals downwards.

Bitcoin is a powerful, effective and quick way to send support during a time of crisis. And its ledger can be a transparent way to track funds, resources and support. Bitcoiners who have made massive wealth from early investing and mining know this and leverage its value to do goodwill.

 

Read more about it here:
Typhoon Haiyan: Bitcoin Startup’s Philippines Appeal Tops $5.5k
IranRescueBit Launches Bitcoin Fundraiser to Aid Flood Victims
One Year of Bitcoin for Venezuela Initiative 
When Disaster strikes, Bitcoin Facilitates Organized Charity and Grassroots Giving

 

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