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The source of the funds should be a concern for the charities involved in my opinion. I find the recipients a little quick to praise the donor with little being

The source of the funds should be a concern for the charities involved in my opinion. I find the recipients a little quick to praise the donor with little being said about how the bitcoins were obtained. Maybe this information was simply not made public, and that would be fine if there was due diligence. However the fact more established institutions did not receive gifts is an eyebrow raiser: it is more likely these larger institutions would have taken steps to ensure the funds were legit to start with.

garmaine 9y ago
Honest question: why should they care?
- lucbocahut 9y ago
  Ethics: if the money comes from theft, child pornography or selling crack cocaine (extreme examples, not saying this is the case here), you can hardly say you are making the world a better place.
  - mLuby 9y ago
    Ehhh that reasoning feels backwards. It's not like people get into those activities in the hope of being able to donate to charity.
deleted 9y ago
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BugsJustFindMe 9y ago
If someone tells you that they personally dug up some gold in a mountain in Colorado, how exactly would you go about verifying their claim?
- lucbocahut 9y ago
  Mining rights, proper registration and certification of the gold nugget, etc., etc. It’s fairly common in the financial industry to check where funds come from (“know your customer”). It’s done to prevent money laundering and make illicit activity harder.
  - BugsJustFindMe 9y ago
    Ok, but now there are no mining rights or certifications for virtual magic beans.
celticninja 9y ago
The blockchain is public, the source of the coins can be tracked, not to an individual, but if they were 'tainted' coins e.g from a known silk road wallet, or from a major hack we would already know. Even if they were tumbled or rinsed through alt coins it would throw up some flags based on the transactions that fed into the main wallet address(es), and you can bet people have trawled through the transaction history of the pineapple fund wallets by now.

garmaine 9y ago

Honest question: why should they care?

lucbocahut 9y ago
Ethics: if the money comes from theft, child pornography or selling crack cocaine (extreme examples, not saying this is the case here), you can hardly say you are making the world a better place.
- mLuby 9y ago
  Ehhh that reasoning feels backwards. It's not like people get into those activities in the hope of being able to donate to charity.

deleted 9y ago

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BugsJustFindMe 9y ago

If someone tells you that they personally dug up some gold in a mountain in Colorado, how exactly would you go about verifying their claim?

lucbocahut 9y ago
Mining rights, proper registration and certification of the gold nugget, etc., etc. It’s fairly common in the financial industry to check where funds come from (“know your customer”). It’s done to prevent money laundering and make illicit activity harder.
- BugsJustFindMe 9y ago
  Ok, but now there are no mining rights or certifications for virtual magic beans.

celticninja 9y ago

The blockchain is public, the source of the coins can be tracked, not to an individual, but if they were 'tainted' coins e.g from a known silk road wallet, or from a major hack we would already know. Even if they were tumbled or rinsed through alt coins it would throw up some flags based on the transactions that fed into the main wallet address(es), and you can bet people have trawled through the transaction history of the pineapple fund wallets by now.