Vitalik Buterin once again proved he is in for the change not for the money. This time he donated 100 ETH ($94,932) to Internet Archive. The Digital media received another $186,938 from The Pineapple Fund. All donations up to $1 million are doubled by the Pineapple fund until the end of Apri
Vitalik Buterin once again proved he is in for the change not for the money. This time he donated 100 ETH ($94,932) to Internet Archive. The Digital media received another $186,938 from The Pineapple Fund. All donations up to $1 million are doubled by the Pineapple fund until the end of April.
Internet Archive is a digital library that aims to distribute all kinds of information resources for free. As of writing, its database surpasses the 15-petabyte mark and contains digital media such as websites, film, software, millions of books, etc. The team behind the platform is an activist group, fighting for open and free-access internet. If you like to support the campaign you can donate Bitcoin, Bitcoin Cash, Ethereum and Zcash here.
Buterin is no stranger to philanthropy, however. Earlier in February, the Ethereum creator donated $2.4 million to Sens Research Foundation. The foundation is another nonprofit organization, which helps researchers from universities and institutes who work in the field of Alzheimer’s disease, cancer, heart disease, and macular degeneration.
Back in December 2017, Vitalik Buterin questioned the real value of cryptocurrencies via Twitter. He seems concerned that the majority of crypto geeks is interested only in high profits rather than the potential of digital currencies. Moreover, he believes that the real power of them is to help the unbanked people or to help people protect their funds in areas where inflation is a threat. From his point of view, the right direction in which the community has to steer is to turn towards social progressive actions that are beneficial to everyone. All of his twitter posts from December 13 circulate around that topic when the crypto market exceeded the $500 billion mark.
Cryptocurrency enthusiasts hope that one day, digital tokens would replace fiat money, which would eventually bank the unbanked and provide up-to-date financial services to the poorest countries. This where dApps step in. They offer services of crucial importance to commerce and global equality. Buterin never fails to remind the community what the blockchain is all about – not money but change. Speculations aside, the digital assets already prove their utility in fundraising and donation campaigns.