The incentives of the fiat system have broken charitable giving, but Bitcoin offers a chance to make real impact without virtue signaling.
This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.
Everybody loves charities. They help the poor. They provide for the needy. They reduce suffering. They make society better… right?
Billions of dollars go toward all sorts of charities every year and most people view charities as a clear win for society. Yet, like getting your genomes analyzed, if you dig a little deeper, you might not like what you find.
The idea of charity is a deeply Christian notion. Charity is love for your neighbor, the idea that you provide for them when they are in need. Some of the first hospitals, for example, were Christian charity institutions. The principle that the poor and needy should be treated with love and dignity was an alien notion to most philosophies, from those developed
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