It’s a story straight out of cinematic lines: whale cryptocurrency investor rakes in mounds of money, and reaching a “satiety point” decides to give a healthy portion of it to worthy charities. And add to that the spectre of remaining anonymous, the ecosystem, beset by dreams of easy fortunes and Lambos and glory, was given a real-world object lesson in five short months. Health care, water potability, education, digital rights advocates, among many others, all felt the power and generosity of crypto. This week, Pineapple Fund announced its final donation.
Also read: Ethereum Founder Responds to Charges of “Insane”, “Plutocratic” Governance
Pineapple Fund Issues its Final Donation
In a subreddit post this week, Pineapple Fund’s anonymous benefactor wrote, “It’s been five months, and having just made my last PF donation to the Internet Archive, I figure it might be a good time to say farewell.” Pine, as the anonymous poster goes by, continued by thanking the broader community for offering worthy organization suggestions, and also thanked “the Bitcoin and cryptocurrency community, for turning a Sourceforge project into a $0.5T industry.”
The fund burst upon the crypto community mid-December of last year, right at the height of bitcoin core’s (BTC) price spike. “The anonymous donor says he saw the promise of bitcoin long before it broke the single-digit price range. The donor explains the ‘shattering returns’ of bitcoin over the years has given him more money than he can spend,” these pages documented at the time.
Donations ranged between $50,000 to $5,000,000. Around since the mid 1980s, the Multidisciplinary Association for Psychedelic Studies (MAPS) researches and educates about “the medical, legal, and cultural contexts for people to benefit from the careful uses of psychedelics and marijuana.” It was one of the
