Vitalik Buterin, last week, donated 100 Ethereum to a digital media charity.
At the current prices, this is equivalent to 93,469 million dollars, but the charity will get 186,938 million dollars as the Pineapple Fund matches all donations up to a million dollars. The consignee of cryptocurrency philanthropy was the Internet Archive, a non-profit digital library that aims to give general access to all knowledge.15 petabyte databases it contains three million books, as well as software, websites, film, and other digital media. In addition to storing its data, this archive is an activist group that lawyers for a free and open internet. Accepts contributions in a series of cryptocurrencies including; Ethereum, Bitcoin, Zcash, Bitcoin Cash, and, and use crypto to pay employees.
That is not the first example of Vitalik's philanthropy. Earlier this month, the young developer donated 2.4 million dollars to the Sens Research Foundation, a non-profit organization that supports research projects at universities and institutes around the world to battle heart disease, cancer, macular degeneration, and Alzheimer's.
Donations are following twitter ads since the end of last year on the state of cryptocurrency. Vitalik Buterin voiced concern about cryptocurrency communities, many of whom remained very much focused on individual wealth, and talked about the need to affect real-world alteration and to have a positive impact on people's lives.
https://twitter.com/VitalikButerin/status/945987507941978112
- VitalikButerin
While the developer expressed concern that the community was too focused on the value and "Lambo memes," he kept his conviction that cryptocurrency communities could be heading in the right direction.
The excellent direction, into Buterin's eyes, is a progressive social movement that would have a positive effect on the lives of millions of people around the world.
Some information on how Vitalik Buterin thinks crypto space can have a positive impact on society can be deduced from twitter posts on Dec. 13, the day when the entire crypto market cap ceiling exceeded half a trillion dollars.
https://twitter.com/VitalikButerin/status/940745762736132096
- VitalikButerin
https://twitter.com/VitalikButerin/status/940744893428674560
- VitalikButerin
It is a vision where cryptocurrencies supplant fiat systems giving access to banking and financial services, for the poorest in the world and a shrine from oppressive government regimes. In that vision, Dapps requires essential services, inciting global trade and equality.
Vitalik's aim for crypto space is a notice of the time we are inside. Currently, as Vitalik Buterin notes, most cryptocurrency assessments are purely speculative. However, when scalability issues are fixed, the first Dapps may be launched on the Ethereum network with the ability to affect real changes.
Donations appear as a reminder of the real potential of cryptocurrency and can act as a positive model, heartening others to turn to the cryptocurrency philanthropy.
Posted from my blog with SteemPress : https://247cryptonews.com/the-internet-archive-sees-large-donations-from-vitalik-buterin-and-the-pineapple-fund/