what is the pineapple fund now that I've got your attention with the psychedelic drugs you probably want to be interested in this become another crypto currencies can make a rather positive impact when it comes to charity so far we've seen several initiatives focus on philanthropy with varying degrees of success it seems like a new players enter the market the pineapple fund is not a venture most people are familiar with they claim to have donated over you eighty six million worth of Bitcoin of charity so far sounds good to me it's an interesting statement which warrants a closer look at this project even though the pineapple fund is a relatively unknown project there focuses on the right place by using cryptocurrency donations to help charities around the world the team can bring some positive attention to both Bitcoin and various alt coins of the world after all crypto currencies are often associated with illegal activity we've proven that so why do people keep saying this we've proven this over and over again that less than 1% of all all transactions are used for victim for illegal activity I'm just tired to read that it's just not right it's fake news guys ranging from drugs to terrorism some positive PR could do wonders for Bitcoin and its consorts according to the pineapple funds website the group has donated 86 million worth of Bitcoin to various charities that is a rather bold claim for a few for a project few people have heard of considering that this entity is established in December of 2017 thanks to an anonymous donor it seems a lot of progress has been made in a short period of time there Bitcoin address held over 1,800 Bitcoin at the time of writing which is worth over 14 million however they have received a total 5132 BTC to date which indicates there's a genuine interest in the pineapple fund their objectives is to give away 86 million worth of Bitcoin and things are certainly off to a good start to date over thirty eight point three eight million has been donated to several charitable organizations the water project the Electronic Frontier Foundation bit give OpenBSD the Internet Archive and quill with all the listed organizations receiving at least $50,000 because evident that a lot of good can be done with Bitcoin in the years to come it is rather remarkable to note that on that the pineapple fund has no intention on focusing on publicity in any official capacity the person responsible for setting up this charity venture has not made his or her identity public nor does he or she plan to do so in the future a real Satoshi Nakamoto of sorts for the charity world remaining and anonymous is not uncommon in the world of charity but it raises some questions when Bitcoin or other cryptocurrencies are involved so far the pineapple fund is transparent in every way that matters though which is all anyone can ask for some people may be wondering where the group's name came from exactly it's partially it has to do with the original donor who is known as a pine it also it also seems there is a genuine love for pineapples so naming this fund after the delicious fruit makes a lot of sense the question really is is that a delicious fruit is it really a delicious fruit I mean it's pretty tasty what I call it delicious delicious is it delicious fruit it is the name which certainly has a good marketing appeal to it even though no one could immediately associate it with Bitcoin or another cryptocurrency perhaps this is a good thing as the financial world is rather cryptocurrency averse these days is evident there's a still a lot of work ahead for the pineapple fund with over 40 different organizations and projects supported to date this fund is doing its part to put Bitcoin in a positive light if this trend keeps up they will be easily able to reach their 86 million goal and spread Bitcoin love to those in need the pineapple fund is certainly worth keeping an eye out moving forward so guys I don't know if you've heard of the pineapple fund before but we have actually covered the pineapple fund in multiple DC TV news clips in the past the one that I was extremely excited about is the pineapple fund focusing on psychedelics to help post-traumatic stress victims and so if you'd like to check that out you can go to DC decentralized TV and Google pineapple fund in the search box so let me know in the Bitcoin dot pub or the comments section below your thoughts on the pineapple fund and whether you're gonna be donating any money to them in my opinion I certainly do support them and frankly I have enjoyed watching them grow and some of the charities that they're giving money to I personally support & smash the like button for psychedelics
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