Strong Case For Bitcoin

GoFundMe terminating campaigns focused on helping victims of the recent Iranian/Ukrainian plane debacle – Bitcoin fixes this

Strong Case for Bitcoin: GoFundMe Blocks Canadian Fundraisers Referencing Iran

“In an incident that highlights the shortcomings of centralized fundraising and the advantages of decentralized options, like Bitcoin, popular crowdfunding website GoFundMe has terminated some campaigns referencing Iran. Those impacted are based in Edmonton, Canada, and for the benefit of local people affected by the Ukrainian passenger plane shot down by the Iranian military last week…

The censoring of accounts in such a way shows clear shortcomings in the centralized model of services like GoFundMe. Although the campaigns impacted were eventually restored, the disruption of service likely resulted in poorer performance.

Decentralized digital currencies, like Bitcoin, have previously been used to significant effect for fundraising efforts. One of the first widespread uses of the cryptocurrency was by WikiLeaks in 2011. It has since received more than 4043 BTC.”

https://beincrypto.com/bitcoin-gofundme-iran-canada/

Expert Asked on January 14, 2020 in Bitcoin.
Add Comment