The Pineapple fund has donated $5 million to a basic income experiment in Kenya
Two weeks ago someone on Reddit made a post announcing that he will be donating 5057 BTC to charity, the post can be found here. When Bitcoin was worth ~$17,500 that was around $86 million the anonymous donator had commited to giving away to charity and to this day over $15 million has been given away. The user mentioned that he has invested in BTC very early and that his goals in life are not about being mega rich even though he now has more money than he can spend and that's why he wanted to make a change in the world and donate it and is accepting suggestions on where to direct his donations to. If you have any good suggestions in mind feel free to go to https://pineapplefund.org/ and fill in the form.
Today in a top post on r/worldnews an article made headlines with the Pineapple fund having donated $5 million to basic income to GiveDirectly, an organization that is currently running the largest basic income experiment in history across dozens of villages in rural Kenya. The Pineapple fund Reddit account posted the news on a basic income subreddit a day ago, the thread can be found here if you want to read more about it. GiveDirectly announced that they will split the money between its core model of issuing lump-sum cash transfers and the 12-year basic income experiment.
GiveDirectly has only been running it's basic income experiment for a full month and it has already showed very promising effects. The people have said that the help has been life-changing and they have noticed productivity go up by a lot.
Current donations from The Pineapple Fund
I am personally glad to see profits through cryptocurrencies by early adopters being used in this game-changing way and it will surely set for a much brighter future for all developing countries in the world. This is something that interested me the most in blockchain technology in the beginning when I was researching it - the way we can transfer value without borders and fees to re-balance the value in the world. I am very much looking forward to our own platform Steem becoming a leading technology in the aspect of charity and being able to aid people in need all over the world.
Steem already has a big role in countries with an imbalanced wage-gap even though we still are a pretty small community compared to many others.
Have you heard of this charity yet?
How do you see the Steem currency being able to change the world for the better?
Wow! It is a noble work. I want to thank that someone from the core of my heart as it takes a great heart to donate such a big amount and also want to praise his idea of collecting the genuine charity organisation which really needs money. Thanks to you too for posting it here.
Wow thanks for sharing the post....I really enjoyed reading it......A very big thank you to the person who took such great innitiative....I appreciate his hard work.
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