7 ms·

This seems so fake. If its too good to be true...

CLGrimes 9y ago
The address checks out: https://blockchain.info/address/3P3QsMVK89JBNqZQv5zMAKG8FK3kJM4rjt https://blockchain.info/address/3P3QsMVK89JBNqZQv5zMAKG8FK3k...
- deleted 9y ago
  [deleted]
- harryh 9y ago
  And a NULL transaction to/from that address encoded the string "pineapplefund.org" https://live.blockcypher.com/btc/tx/c44ad5f83ddc84d08967c7652311f0a23aafa8e54d7db0911a2c7b5bc20ff988/ https://live.blockcypher.com/btc/tx/c44ad5f83ddc84d08967c765...
  - Tepix 9y ago
    That transaction cost 20€. Ouch.
    - Cthulhu_ 9y ago
      Spare change if you've got $100 million to throw around. Or whatever the current btc price is.
gabcoh 9y ago
They did send 60 bitcoins to watsi's adress, so it seems pretty legit [1] https://watsi.org/faq#does-watsi-accept-bitcoin-donations https://watsi.org/faq#does-watsi-accept-bitcoin-donations [2] https://blockchain.info/tx/d290acbfa7c619ad4215537ae83bfe165902b1c232fda1a360edaf1428acd80a https://blockchain.info/tx/d290acbfa7c619ad4215537ae83bfe165...
chaseadam17 9y ago
Watsi cofounder here. I can confirm this is true. We're very grateful for the support, it's going to help a lot of people.
- gdoypoll 9y ago
  Ok. Please tell the world how you scam people with fees and eat up charity donation being a middleman.
  - arikr 9y ago
    This is a sad sentiment, IMO. A friend of mine who works in philanthropy educated me against my misconception that charities that spend a higher portion of their funds on non program fees (i.e. middleman type expenses, and not direct to the person who receives the benefits) are actually often more effective, rather than less. I'm not an expert here, but this friend of mine is particularly thoughtful, so I'd say it's worth at least evaluating your position before you critique people like this.
  - joshdotsmith 9y ago
    Watsi only funds its operations via tips. 100% of your non-tip donations go to funding treatments.
loceng 9y ago
It's not liquid capital, it's not cash. It potentially has no value, yet giving it away will likely help with the donors' tax situation. Likewise, by giving more people Bitcoin et al, it creates more people with vested interest and who will likely speak positively about Bitcoin et al - which is all to help perpetuate the openly talked about, decentralized and global Ponzi schemes that are taking place.
- ptenk 9y ago
  Pretty misinformed and seemingly bitter, especially for a self proclaimed yogi. It is liquid capital - and its value is $86mm since you could liquidate this at any moment without moving the order book.
  - loceng 9y ago
    Is that an attempt at a personal attack? Looks like it. Looks like you're being defensive as well, curious if you bought any crypto-assets? I remember from last time someone tried to dump a bunch onto the market the price crashed - by definition then - is that more liquid or more illiquid? Liquidity is obviously on a spectrum and these crypto-assets very quickly become illiquid depending on how many people are wanting to sell; searching for the example it seems the specific event I was thinking about was regarding Ethereum's Ether - https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cent... Here's another brief article that showed in the search listings re: market manipulation - https://steemkr.com/bitcoin/@crypto-pro/how-to-make-altcoins-and-bitcoins-crash-and-prices-fall-and-make-more-profit-market-manipulation-explained https://steemkr.com/bitcoin/@crypto-pro/how-to-make-altcoins... The point being that it's perhaps only liquid until too many people at once want to remove their money. People of course didn't and don't try to dump it (currently) because they're not going to want to sell for 1/300th (example) of what it was the day before, so everyone just waits until it rebounds. This is why these global decentralized Ponzi Schemes are dangerous for society because they can survive because there's such a supply of potential people using relatively small amounts of money, these growing number of people putting relatively small amounts of money increases the number of people incentivized to wanting it to grow in value - so they all speak positively and market it to their friends to buy, etc. All of the current holders need new money/people to come in for them to realize "profit" (unreasonable wealth transfer) by acknowledging/validating/legitimizing the 'current' value of the crypto-asset of their choice.

The address checks out: https://blockchain.info/address/3P3QsMVK89JBNqZQv5zMAKG8FK3kJM4rjt https://blockchain.info/address/3P3QsMVK89JBNqZQv5zMAKG8FK3k...

deleted 9y ago
[deleted]
harryh 9y ago
And a NULL transaction to/from that address encoded the string "pineapplefund.org" https://live.blockcypher.com/btc/tx/c44ad5f83ddc84d08967c7652311f0a23aafa8e54d7db0911a2c7b5bc20ff988/ https://live.blockcypher.com/btc/tx/c44ad5f83ddc84d08967c765...
- Tepix 9y ago
  That transaction cost 20€. Ouch.
  - Cthulhu_ 9y ago
    Spare change if you've got $100 million to throw around. Or whatever the current btc price is.

gabcoh 9y ago

They did send 60 bitcoins to watsi's adress, so it seems pretty legit [1] https://watsi.org/faq#does-watsi-accept-bitcoin-donations https://watsi.org/faq#does-watsi-accept-bitcoin-donations [2] https://blockchain.info/tx/d290acbfa7c619ad4215537ae83bfe165902b1c232fda1a360edaf1428acd80a https://blockchain.info/tx/d290acbfa7c619ad4215537ae83bfe165...

chaseadam17 9y ago

Watsi cofounder here. I can confirm this is true. We're very grateful for the support, it's going to help a lot of people.

gdoypoll 9y ago
Ok. Please tell the world how you scam people with fees and eat up charity donation being a middleman.
- arikr 9y ago
  This is a sad sentiment, IMO. A friend of mine who works in philanthropy educated me against my misconception that charities that spend a higher portion of their funds on non program fees (i.e. middleman type expenses, and not direct to the person who receives the benefits) are actually often more effective, rather than less. I'm not an expert here, but this friend of mine is particularly thoughtful, so I'd say it's worth at least evaluating your position before you critique people like this.
- joshdotsmith 9y ago
  Watsi only funds its operations via tips. 100% of your non-tip donations go to funding treatments.

loceng 9y ago

It's not liquid capital, it's not cash. It potentially has no value, yet giving it away will likely help with the donors' tax situation. Likewise, by giving more people Bitcoin et al, it creates more people with vested interest and who will likely speak positively about Bitcoin et al - which is all to help perpetuate the openly talked about, decentralized and global Ponzi schemes that are taking place.

ptenk 9y ago
Pretty misinformed and seemingly bitter, especially for a self proclaimed yogi. It is liquid capital - and its value is $86mm since you could liquidate this at any moment without moving the order book.
- loceng 9y ago
  Is that an attempt at a personal attack? Looks like it. Looks like you're being defensive as well, curious if you bought any crypto-assets? I remember from last time someone tried to dump a bunch onto the market the price crashed - by definition then - is that more liquid or more illiquid? Liquidity is obviously on a spectrum and these crypto-assets very quickly become illiquid depending on how many people are wanting to sell; searching for the example it seems the specific event I was thinking about was regarding Ethereum's Ether - https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cent... Here's another brief article that showed in the search listings re: market manipulation - https://steemkr.com/bitcoin/@crypto-pro/how-to-make-altcoins-and-bitcoins-crash-and-prices-fall-and-make-more-profit-market-manipulation-explained https://steemkr.com/bitcoin/@crypto-pro/how-to-make-altcoins... The point being that it's perhaps only liquid until too many people at once want to remove their money. People of course didn't and don't try to dump it (currently) because they're not going to want to sell for 1/300th (example) of what it was the day before, so everyone just waits until it rebounds. This is why these global decentralized Ponzi Schemes are dangerous for society because they can survive because there's such a supply of potential people using relatively small amounts of money, these growing number of people putting relatively small amounts of money increases the number of people incentivized to wanting it to grow in value - so they all speak positively and market it to their friends to buy, etc. All of the current holders need new money/people to come in for them to realize "profit" (unreasonable wealth transfer) by acknowledging/validating/legitimizing the 'current' value of the crypto-asset of their choice.