Pineapple Fund Gifts $1M in Bitcoin to the Internet Archive!

Thank you Pineapple Fund

This year, Christmas came early to the Internet Archive. On Saturday, the generous philanthropist behind the Pineapple Fund gave $1 million dollars in Bitcoin to the Internet Archive. This anonymous crypto-philanthropist explains, “I saw the promise of decentralized money and decided to mine/buy/trade some magical internet tokens. …Donating most of it to charity is what I’m doing.” We so admire this donor using Bitcoin as the currency of giving this season, and are honored to be the recipients of such a gift. Whoever you are, you are doing a world of good. Thank you.

Permanent access to websites, software, books, music…that is our mission. These gifts help make it happen.

It is especially gratifying to see those who dreamed big about Bitcoin using their wealth to support innovation across the world. The Internet Archive has been actively involved in this community since 2011. Encouraged, we are dreaming big and dreaming open.

Thank you to Pineapple Fund and thank you to the thousands that have contributed already.

Please consider donating this year— it really helps. Looking forward to 2018!

More information about the Pineapple Fund:
Original Reddit Post
Reddit Post Update
Pineapple Fund Interview with Hacker Noon
Pineapple Fund Interview with Bitcoin Magazine

20 thoughts on “Pineapple Fund Gifts $1M in Bitcoin to the Internet Archive!

  1. Noobie

    Well, I read in the news that BitCoin is quite a volatile type of currency. At the moment, the rates are soaring high. Then comes the bubble burst, where things can crash fucking hard to eternity. It’s like the stock market crash of the Great Depression(s) and asset price bubble burst. I can see that while the generous amount is amusing, it is technically still a stock market fluctuation behavior. Don’t get all riled up about about this unstable banking firm!

    1. Painkiller

      You read that in the news, huh?

      It’s really not like the stock market crash, and has nothing to do with the asset price bubble.

      Bitcoin is not a banking firm, it’s decentralized. It’s not like any sort of thing you’ve worked with before. It’s new.

      And none of this has anything to do with the generousness of the donation. The money is transferred, the donation is done. It’s not going to go away.

  2. Radar696

    That is very nice indeed.
    I hope you put it to good use!

    Well just to be safe I would pull the cash value out and place it into a regular savings account or maybe invest it into a 24 month bond or something.

  3. 9Apps

    Registered nonprofits interested in receiving a Bitcoin donation from The Pineapple Fund can apply on its website. The application period lasts until the end of Wednesday.

  4. Vidmate

    On Wednesday, Pine also announced a $5 million donation to GiveDirectly, a non-profit that is fighting poverty in Africa. The group itself later confirmed the donation.

  5. Mrs. Ex-Progressive Sustainability Analyst

    Well, I came in here and related IA sites to see how to give a bequest, but a) there are no guidelines for that supplied and b) I see my meager legacy would likely do more elsewhere.

    Having said that, I use IA extensively, have for nearly all its existence, consider it a very good project so long as it maintains genuinely free speech and doesn’t pander to snowflakes on any part of the political/social spectrum. This results in a knowledge base that has a lot of chaff, and I do wish the search engine capacity were stronger.

  6. 2018 calendar

    On Wednesday, Pine also announced a $5 million donation to GiveDirectly, a non-profit that is fighting poverty in Africa. The group itself later confirmed the donation.

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