On a larger scale, the Pineapple Fund created a more mysterious form of cryptocurrency philanthropy.
The organization was started in December by an anonymous donor who goes by the nickname “Pine” and claims to be among the 250 largest holders of Bitcoin in the world. The fund aims to give away $86 million worth of Bitcoin, and has already given $20 million worth of the currency to 13 organizations, including million-dollar donations to the Water Project, which provides clean water to people in sub-Saharan Africa, and the Electronic Frontier Foundation, a digital rights watchdog.
(These donations can be verified thanks to Bitcoin’s digital ledger system, which records every transaction in a public database.)
Whoever Pine is, he or she seems to have found a way to convert Bitcoin into something actually useful.New York Times, Dec 27 2017
View the address: 3P3QsMVK89JBNqZQv5zMAKG8FK3kJM4rjt
View the proof of ownership: Encoded message
From clinical trials of psychedelics for PTSD to teaching kids to read & write, Pineapple Fund is about making bold and smart bets that hopefully impact everyone in our world.
The Pineapple Fund is not affiliated with any supported charity. Listed in order of funding.
Applications are now closed for the Pineapple Fund.
Feb 2018 Update: We've finished reviewing all applications for the Pineapple Fund. We've received thousands of applications and we sadly can't fund all of them. We're working with the charities we've selected to transfer the bitcoins.
Who are you, and why?
Sometime around the early days of bitcoin, I saw the promise of decentralized money and decided to mine/buy/trade some magical internet tokens. The expectation shattering returns of bitcoin over many years has lead to an amount far more than I can spend.
What do you do when you have more money than you can ever possibly spend? Donating most of it to charity is what I'm doing. For reference, The Pineapple Fund is bigger than the entire market cap of bitcoin when I got in, and one of the richest 250 bitcoin addresses today.
How many bitcoins do you have?
The Pineapple Fund represents a majority of my cryptocurrency holdings.
Why are you remaining anonymous?
Publicity has never been the point of this fund.
I'm an individual. Can I get some bitcoins?
The answer is no. Pineapple Fund is charity, but not that kind of charity.
Please do not apply or email. We have never funded an individual request and we never will.
I have a media request...
Feel free to email contact at this domain, and I'll get back to you!
Why the name, Pineapple Fund?
I really like pineapple. Did you know that pineapples contain high levels of bromelain, which has been shown to be an effective anti-inflammatory, muscle relaxant, and digestive aid?!
All remaining Pineapple Fund proceeds have been allocated, but if you want to reach us, please email contact at this email.