Articles and Resources | Bitcoin and Crowdfunding

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This section of my blog used to contain myriad articles on a wide range of topics of interest to nonprofits. In 2016, I decided to cull it, and to focus on two cutting edge (and sometimes controversial) topics: 1) Bitcoin (and Blockchain), and 2) Crowdfunding.

In 2015, I also began “pinning” noteworthy articles on an array of subjects to my new Pinterest board, Nonprofit News Now! You might enjoy checking that site out as well.

Bitcoin (and Blockchain)

Definitions

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017. (CNN Money)

blockchainoriginally block chain, is a continuously growing list of records called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. The Harvard Business Review describes it as “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.” For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. (Wikipedia)

This topic is changing rapidly! You might enjoy reading Briony Harris for the World Economic Forum, “These are the alternative cryptocurrencies to Bitcoin” (January 11, 2018).

Bitcoin – Special Focus – Wes Holing for TechSoup, “How to Set Up Bitcoin for Your Nonprofit” (July 6, 2015).

Supportive Posting on Cryptocurrencies

I am approached occasionally by some wanting to be included in this list of resources. In the spirit of sharing and global camaraderie, here are a few more links!

Teamwork Business.JPG

Crowdfunding

Crowdfunding: Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business or social good venture. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together. 

 

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