Crypto’s ability to eschew bureaucratic red tape is the best way to provide immediate service to a vulnerable population, experts sayHe would bristle at the term but you might describe Dylan Schultz as a crypto bro. He runs Lavender.Five, a crypto validator service that authenticates transactions on the blockchain (imagine a deregulated branch of the Securities and Exchange Commission). On 25 February, he issued a plea to his 1,700 Twitter followers, “We’ll match any donation made to a charity in support of Ukraine, up to a total of $1,000.” The next day, Schultz posted the fruits of his initiative; 0.028 bitcoin, equaling the total donations of about $1,100, sent to a crypto wallet operated by a Ukrainian military NGO called Come Back Alive. He’s one tiny part of a chorus of countless other crypto holders all over the world who’ve raced to back Ukrainians in the face of an invading force. Reports claim that more than $30m in cryptocurrency has been funneled to the country since the war began. So has charity finally become decentralized? Continue reading…
Crypto’s ability to eschew bureaucratic red tape is the best way to provide immediate service to a vulnerable population, experts say
He would bristle at the term but you might describe Dylan Schultz as a crypto bro. He runs Lavender.Five, a crypto validator service that authenticates transactions on the blockchain (imagine a deregulated branch of the Securities and Exchange Commission).
On 25 February, he issued a plea to his 1,700 Twitter followers, “We’ll match any donation made to a charity in support of Ukraine, up to a total of $1,000.” The next day, Schultz posted the fruits of his initiative; 0.028 bitcoin, equaling the total donations of about $1,100, sent to a crypto wallet operated by a Ukrainian military NGO called Come Back Alive. He’s one tiny part of a chorus of countless other crypto holders all over the world who’ve raced to back Ukrainians in the face of an invading force. Reports claim that more than $30m in cryptocurrency has been funneled to the country since the war began. So has charity finally become decentralized?