Why crypto is great for donations - Crypto in Plain English - Episode 112 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it2 Maalis 2022

Why crypto is great for donations - Crypto in Plain English - Episode 112 - by cryptohunt.it

Why crypto is great for donations

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

You may have seen the Ukrainian government tweeting out wallet addresses for donations, and at the time of recording receiving over $34m dollars worth of contributions within a few days.

So why is crypto so useful in this case?

First, sending money internationally is a huge pain through traditional banks. It is complicated, takes a long time to arrive, and the fees are outrageous. Crypto, on the other hand, is instant and cheap, and you don’t have to worry about local currency conversion.

Second, there is a lot of money in crypto and people may feel more generous since they already made good returns. Gavin Wood for example, former co-founder of Ethereum and creator of the blockchain Polkadot, donated almost $6 million dollars to the Ukrainian government.

And last, and this is something you probably don’t think about much, it’s easy to audit. Everything is visible on the blockchain - so you can see how much was sent and how much was withdrawn.

So, next time you donate to something, maybe it is in crypto. Just make sure you verify the receiving address really belongs to the correct recipient as there are scams everywhere.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

What is a bank run, actually? And is that really what killed FTX? - Episode 317 - by cryptohunt.it

What is a bank run, actually? And is that really what killed FTX? - Episode 317 - by cryptohunt.it

What is a bank run, actually? And is that really what killed FTX? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - and this is another special to ex...

16 Joulu 20223min

Should I use crypto to send money internationally? - Episode 316 - by cryptohunt.it

Should I use crypto to send money internationally? - Episode 316 - by cryptohunt.it

Should I use crypto to send money internationally? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you can form your own opinions to be saf...

15 Joulu 20222min

What does SBF’s arrest mean for crypto? - Episode 315 - by cryptohunt.it

What does SBF’s arrest mean for crypto? - Episode 315 - by cryptohunt.it

What does SBF’s arrest mean for crypto? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - and this is another special on FTX. So: Sam Bankman-Fried g...

14 Joulu 20223min

Sam Bankman-Fried was just arrested - Bonus Episode 314 - by cryptohunt.it

Sam Bankman-Fried was just arrested - Bonus Episode 314 - by cryptohunt.it

Sam Bankman-Fried was just arrested - Welcome to a special bonus extra Episode We usually just do one episode per day of the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain...

13 Joulu 20222min

What is “Proof of Time” (PoT)? - Episode 313 - by cryptohunt.it

What is “Proof of Time” (PoT)? - Episode 313 - by cryptohunt.it

What is “Proof of Time” (PoT)? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you can form your own opinions to be safer out there in the ...

13 Joulu 20222min

Just how big if the “FTX Domino Effect”? - Episode 312 - by cryptohunt.it

Just how big if the “FTX Domino Effect”? - Episode 312 - by cryptohunt.it

Just how big if the “FTX Domino Effect”? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you can form your own opinions to be safer out the...

12 Joulu 20223min

An Update on Ukraine and Crypto - Episode 311 - by cryptohunt.it

An Update on Ukraine and Crypto - Episode 311 - by cryptohunt.it

An Update on Ukraine and Crypto Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. When the war against Ukraine broke out, we shared stories about cryp...

9 Joulu 20222min

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) - Episode 310 - by cryptohunt.it

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) - Episode 310 - by cryptohunt.it

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Today, we'll...

8 Joulu 20222min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
rahapuhetta
rss-laakispodi
rss-sisalto-kuntoon
herrasmieshakkerit
rss-lahtijat
rss-bisnesta-bebeja
rss-seuraava-potilas
inderespodi
rss-sami-miettinen-neuvottelija
leadcast
timanttia-hiomassa
rss-kohti-unelmia
rss-juurisyy-johtamisesta-kilpailuetua
rss-porssipodi