Tons of great causes were donated bitcoin, and it helped improve the image of bitcoin during the last bull run, and straight up made it more fun. Let's hope more long time bitcoin hodlers will follow that example. There's no doubt that it increases joy and morale in Bitcoin. Go out and micro-donate some mbtc to newcomers if you can. We're very insulated here in r/bitcoin and in reality too many people still think btc is only used on the dark web. We still have to change the perception. Happy hodling (and sharing)
The fund burst upon the crypto community mid-December of last year, right at the height of bitcoin core's (BTC) price spike. “The anonymous donor …
Google Alert – bitcoin
It's been five months, and having just made my donation to the Internet Archive, I figure it might be a good time to write a farewell post.
I just want to thank everyone for supporting this project. Thank you for all the charity suggestions, many of which were funded. Thank you for all the positive messages and love sent my way. And also, thank you, the Bitcoin and cryptocurrency community, for turning a Sourceforge project into a $ 0.5T industry.
I kind of miss the old times when bitcoin was a small community, and you could count the number of 'altcoins' with one hand. Finding someone else who even knows about bitcoin was incredibly rare, and exchanges were semi-automated or running on PHP.
Every development since then makes Bitcoin stronger and better at solving the problems of the existing financial system. It's created a new generation of crypto early adopters, cypherpunks or technologists using cryptography to change the world; and now having the power and responsibility of capital.
5104 BTC was turned into $ 55 million for charities, from providing clean water to clinical trials of MDMA as treatment for PTSD.
Thanks for following along with this experiment. I'm going to say goodbye now, but maybe there's room for dessert in a few years.
If you're ever blessed with crypto fortune, consider supporting what you aspire our world to be. 🙂
The Pineapple Fund has been making waves in the crypto world and beyond, with one of its most recent pledges being a commitment to match $ 4 million in donations to MAPS by March 10th this year.
Pine, the anonymous bitcoin whale behind the fund, commented: “I believe we, the cryptocurrency community, can fully fund Phase 3 trials. Prescription MDMA could be a gift to this world from the bitcoin community. Let's make MDMA medicine a reality, and give the gift of an enjoyable life to those …
Google Alert – bitcoin
You might've heard of PTSD. It's a debilitating illness usually affecting people who are already victims, like sexual assault survivors who still suffer and are tormented every day since. Not only do they experience traumatic flashbacks, even sleep is no relief thanks to serious nightmares. It is life threatening.
Existing treatment for PTSD aren't great. Therapy can be helpful, but they're often not enough, especially for severe PTSD. There are only two drugs approved by the FDA: SSRIs like Zoloft and Paxil. Those drugs must be taken continuously, and can cause serious side effects. Mania, seizures, inability to orgasm, and suicide are known side effects.
In 1986, a nonprofit named MAPS was started to develop legal contexts for beneficial uses of psychedelics and marijuana. 31 years later, MAPS has found its most promising candidate yet: MDMA-assisted psychotherapy as a treatment for PTSD.
The numbers: 68% (MDMA) versus 25% (placebo)
They've already conducted Phase 2 studies in the US, Canada, Israel, and Switzerland. After a comprehensive therapeutic process involving preparatory sessions, MDMA-assisted therapy sessions, and non-drug therapy sessions, 61% no longer met the criteria for PTSD. This improved to 68% after a year. Of those who met the criteria, many experienced significant reductions in symptoms. This is compared to only 25% for the placebo group, who received all the therapy, but with a sugar pill instead of MDMA.
For most people, the benefits are lasting. MAPS conducted one long-term outcome study, evaluating patients ~3.5 years after the last MDMA-assisted sessions. Average benefits even increased slightly over time.
"The MDMA sessions were the first time I'd ever felt love for myself. It was the first time I'd ever felt happy. I hugged my therapist and said 'Thank you.'"
After MAPS' studies, the FDA granted 'Breakthrough Therapy Designation' to MDMA-assisted psychotherapy.
Now they need to conduct Phase 3 trials, which are far costlier due to requirements for an increased sample size, groups, etc, even through the stage with highest failure rates (Phase 2) is already over. MAPS has achieved the extra-ordinary journey of bringing MDMA-assisted psychotherapy all the way to Phase 3; a drug that pharmas will never touch because it will disrupt their recurring revenue streams of SSRIs.
Phase 3 will cost about $ 25 million. They've raised $ 17 million already ($ 1 mil from PF included), and need another $ 8 million to get to the finish line.
I have never donated to MAPS (or even heard of them) before starting the Pineapple Fund. PF donated $ 1 million, and that inspired another anonymous donator to give another $ 1 million in bitcoin. To whoever you are, you're amazing, and you are inspiring. <3
I believe we, the cryptocurrency community, can fully fund Phase 3 trials. Prescription MDMA could be a gift to this world from the bitcoin community.
If the trial succeeds, it could be approved as early as 2021. MAPS has created a public benefit corporation, fully owned by the non-profit, that would sell MDMA post-approval. This is a scalable and financially sustainable structure that could kickstart a renaissance in research into the therapeutic applications of many different psychedelics.
Pineapple Fund will double the value of every donation to MAPS from today until March 10th, up to $ 4 million.
You can donate with bitcoin. It's like donating bitcoin for $ 30,000 each!
You can also donate with legacy payment systems like credit cards or PayPal, and PF will also match that donation.
Your donations are tax deductible (if you're a US taxpayer), and you don't even have to pay capital gains tax. Ask for a receipt if so.
Let's make MDMA medicine a reality, and give the gift of an enjoyable life to those suffering from PTSD. If you believe that psychedelic drugs can have incredible therapeutic potential, then I believe this is one of the highest impact projects today.
And let's do it with cryptocurrency 🙂