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The Giving Block - A Crypto Platform for Charitable Giving

By Thomas Wolf | Thomas Wolf's Den | 9 Feb 2023


I often wondered where the urge to write came from, no doubt a relentless passion with ebbs and flows; in the wake of hard times, I find a way to recharge my passion is to write for good causes.

“The meaning of life is to find your gift.  The purpose of life is to give it away.” ― Pablo Picasso


That is where The Giving Block comes in.  The Giving Block is a non-profit organization (NPO) that enables users to donate to various vetted charities.  There are no donation minimums and a variety of cryptocurrencies to choose from, and you can receive tax receipts via email even if you opt to donate anonymously.

I decided to donate a minimum of 15% of all of my future writing income, whether I earn a little or earn a lot.  I chose to split the donations between two charities, starting with Save The Children & The Rainforest Foundation US.

I may switch charities up in the future based on global events, and I plan to start hosting Poker tournaments with crypto prizes for things such as Ukrainian war relief, and the recent earthquake disaster in Turkey/Syria.  Stay tuned for information on how I plan to monetize those events.

I find it hard to find causes more important than providing for the adults of the future while they are still children and the environment, as well as providing aid to what remains of indigenous peoples and their lands.

However, the frequency of need varies; if I was Elon Musk or Jeff Bezos, The Giving Block would be happily lost in crypto tx donations.

The 15% equivalent of my last payout was only around 0.59 US cents out of $3.93 in Ethereum (ETH) and Ampleforth (AMPL), mainly due to holding SPOT until on-site withdrawals become supported on Publish.

To compromise, I put one USD of BitcoinCash (BCH) into each charity to get the ball rolling.  The Giving Block accepts many cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), many ERC-20 tokens, and ZCash (ZEC).

I opted for BitcoinCash due to its low transaction and exchange withdrawal fees, in this case - Coinbase was cheaper than KuCoin, albeit slower.

The process is very simple and only takes a moment. You start by picking a cryptocurrency (although it’s important to point out they accept other payment methods) and the amount you want to donate and proceed:

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You can donate using your full personal information or completely anonymously.  I opt for anonymous, especially since they provide tax receipts by email for IRS use anyway:

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Tax receipts / leaving an email are optional:

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A receiving address is generated with the convenience of a QR code for mobile wallets, you send the funds and that is all there is to it; due to market fluctuations, the donation is accepted even if it is lower than planned in fiat equivalent.

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You will receive a tax receipt via email after your transaction confirms if you opted for one which contains the transaction ID for verification via blockchain explorer.

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I highly support this platform and see it as one of the most significant adoptions in the history of blockchain.  I can donate knowing I am sending money directly to people and places in need of help through highly vetted & IRS-recognized Non-Profit Organizations.

This article will stand as a running log of my donations, the first two were made on 02/06/2023 using Bitcoin Cash (BCH) for the lowest tx fees.

Running Log:

05/12/2023 - $1 in LTC to Wolf Trap Animal Rescue
https://live.blockcypher.com/ltc/address/ltc1quzzlas42wuw0r7pl90z2qzmw6le4x74dmtsvn2/

02/06/2023 - $1 in BCH to Save The Children
https://explorer.btc.com/bch/transaction/5f89394eb16bd46bb6339cf44402ae3e1e357cf34f8b85d5eb6640405c86cb93

02/06/2023 - $1 in BCH to The Rainforest Foundation US
https://explorer.btc.com/bch/transaction/09a2e079e0b270465e88a8e8f3849ded390c0c1023e85aa164175504e2e2fbad

I will keep the log updated with each new withdrawal.

Stay smart & Stay safe.

-Thomas Wolf

Pronouns: He/Him/His

DISCLAIMER

I am not a certified financial, tax, legal advisor, analyst, or planner.  The above information should not be considered advice but as an opinion intended to share information and ideas for entertainment and independent research purposes.  I am not responsible for any losses or damages incurred due to misinterpreting my personal opinions for professional advice.


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