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 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)
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)
A blockchain, originally 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).
- BitGive Foundation Blog
- Madison Blancaflor for Bankrate, “How to responsibly invest in bitcoin” (May 21, 2018). “Nearly every major credit card issuer made the decision to ban card holders from buying Bitcoin, leaving investors to find another form of payment. To help with this issue, we created a guide that outlines several alternative payment methods for purchasing bitcoin.” – Beth Bailey at Bankrate.
- Blockchain Blog, “The Benefits of Accepting Bitcoin as a Nonprofit” (n.d.).
- Claudia Cahalane for The Guardian, “Bitcoin: How the Charity RNLI is Using the Digital Currency” (September, 2014).
- The Chronicle of Philanthropy, “‘It Just Felt Like a Miracle’: Small Groups Win Big in Bitcoin Donor’s $56 Million Giving Spree” (February 22, 2018).
- Cryposmartrs for Honorable Crypto, “Bitcoin Explained Like You’re Five” (March 5, 2018).
- domain-b.com, “Bitcoin is Better Than Any Currency – Bill Gates” (October 4, 2014).
- Steve Forbes for Forbes, “How Bitcoin Will End World Poverty” (April 2, 2015).
- Felix Forsgren for Coinworld, “Bitcoin and Ethereum 101” (July 26, 2017).
- Fortune via Reuters, “This Former Regulator is a Bitcoin Backer” (April 13, 2016).
- Daniel Frumkin for Invest in Blockchain, “What is Bitcoin? Everything You Need to Know About Bitcoin, Explained” (January 17, 2018)
- Joe Garecht for The Fundraising Authority, “Should Your Non-Profit Accept Bitcoin for Donations” (2014).
- Ben Geier for Fortune, “How Nasdaq is Helping Bitcoin Go Mainstream” (March 24, 2015).
- Clay Michael Gillespie for Blockchain Agenda, “Bitcoin Benevolence: The Clear Benefits of Non-Profits Accepting Bitcoin” (February 5, 2015).
- GuideStar, “Bitcoin: What Nonprofits Need to Know and How It Might Give Your Fundraising a Competitive Advantage” (February 27, 2018).
- Gerrard Hartley for Cryptocoins News, “Bitcoin is Revolutionizing the Non Profit Sector [Infographic]” (2014).
Bitcoin – Special Focus – Wes Holing for TechSoup, “How to Set Up Bitcoin for Your Nonprofit” (July 6, 2015).
- Stephen Hui, Straight.com, “Bitcoin Empowers Nonprofits in Vancouver” (February 19, 2014).
- Tanaya Macheel, CoinDesk, “United Way Reveals Why It Became Bitcoin’s Biggest Charity” (September 30, 2014).
- Rob Marsh, xapo, “Bitcoin and Charity: A Perfect Match” (October 2, 2014).
- Jamie Smith of BitFury Group for the World Economic Forum, “There is More to Blockchain Than Moving Money. It Has the Potential to Change Our Lives.” (November 9, 2016).
- Dan Tapscott and Alex Tapscott for TIME, “How the Tech Behind Bitcoin Will Change Your Life” (May 6, 2016).
- Devin Thorpe for Forbes, “Examples of People Using Cryto for Good” (March 18, 2018). There are other articles in Devin’s series on Forbes!
- Aaron Tilley for Forbes, “Microsoft Begins Accepting Bitcoin for Purchasing Digital Goods” (December 11, 2014).
- World Economic Forum, “The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services” (August, 2016), and “The economics of how Bitcoin works” (December 21, 2017).
- World Economic Forum, “Can blockchain serve business, people and the planet?” (February 1, 2018).
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!
- “My name is Andrej. I’m a 29 years old guy from Slovakia. I work as a freelance web designer and in my free time I build websites like this one. 🙂”
- TechiesPad (Eva) has posted, “An Ultimate Beginner’s Guide to BlockChain [Infographic].” You might want to check out this site, “We are a team of 6, which knows the best of the trends the world’s doting on and works hard to get you a comprehensive coverage of everything you shouldn’t miss. We do the blogs beyond the ordinary way of doing them.”
- Carla Thomas has produced an amazing infographic about the history of Bitcoin on 2K Reviews, “Bitcoin – An Insight On The Past Events and The Times Ahead [Infographic].”
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.
- Apricot, “A Guide to Crowdfunding Success for Nonprofits” (2014).
- Ernest Barbaric, “The Non-Profit Guide to Successful Crowdfunding” (ca. 2013).
- Ryan Brennell for Philanthropy Journal News, “Nonprofit Crowdfunding: A Chance to Go Viral” (February 27, 2017).
- Claudia Cahalane for The Guardian, “Expert Advice: Crowdfunding” (May 3, 2013).
- Tsivya Fox for Breaking Israel News, “Crowdfunding Raised $34.4 Billion in 2015. How Simple Is It?” (June 22, 2016).
- CauseVox (guide download), “How to Plan a Nonprofit Crowdfunding Campaign” (n.d.).
- GlobalGiving, “CrowdFundamentals: 11 Steps to Online Fundraising Success” (2016).
- Google for Entrepreneurs, “#RaiseYourRound Pt. 1: Crowdfunding, Seed Funding and Accelerators” (January 21, 2015).
- Andy Hamflett for NTEN, “Crowdfunding: From Threat to Friend” (August 22, 2014).
- Kevin Johnson for Nonprofit Quarterly, “Crowdfunding Will Change Philanthropy – But How?” (March 15, 2017).
- Tatyana Kapkan for Nonprofit Hub, “11 Indispensable Ingredients of a Successful Crowdfunding Campaign” (ca. 2014).
- Lyz Lenz for Daily Dot, “Is Crowdfunding the New Church?” (July 31, 2016).
- Eric Markowitz, Inc., “22 Crowdfunding Sites (And How To Choose Yours!)” (June 2013).
- National Council of Nonprofits, “Crowdfunding for Nonprofits” (n.d.).
- NewsFix (CW39), “Is Crowdfunding After Death the New Life Insurance?” (April 14, 2016).
- Christopher Null, PC World, “6 Kickstarter Nightmares, and How to Prevent Them” (November 5, 2012).
- David Prosser for Forbes, “Andy Murray Helps Crowdfunders Smash Their Targets” (March 11, 2016).
- Kim Lachance Shandrow, Young Entrepreneur, “10 Questions to Ask When Creating Your First Kickstarter Project” (June 1, 2013).
- Ruth Simon and Erik Brynildsen, The Wall Street Journal, “Who Benefits from Crowdfunding?” (March 30, 2016).
- Devin Thorpe on GoodCrowd.info, “Crowdfunding Platform Directory” (August 17, 2015).
- Devin Thorpe for Forbes, “Super Bowl Commercials Teach Important Lessons for Crowdfunding” (February 5, 2018). You might also enjoy Devin’s site, Your Mark on the World.