How to fund an initiative without money?
I have just completed a blog post about what bitcoin is, and how it differs from standard currency used in today’s markets that are typically controlled by a central bank or a central government. Where as bitcoin is open source and community driven and completely decentralized.
But after writing this article I started thinking about all of the people who are working on initiatives unpaid and are in financial distress. Despite having the time and passion, they are lacking funds to help with.
In writing about bitcoin and it functionality, I got thinking about the practical uses of bitcoin as well. Ive had one activist tell me that they are unable to do anything for any activism right now, because they lack even shoes or bus fare. Ive had another tell me that they would circulate petitions except they have no money to buy petitions. There are a lot of people out there that are really hurting right now.
So what I have done is I made a video to demonstrate how to use your internet connection to generate bitcoin, which can then be turned into pre-paid debit cards.
You do not need any money to invest other than the internet that you already pay for. There are several methods of getting free bitcoins.
One of these methods that are used by a lot of people to get bitcoin is to allow your computer to process payment blocks for the bitcoin system.
As it stands and always will, bitcoin is an open-source community driven digital currency. There is no central bank or government that control bitcoin. Bitcoin runs off of the processing power of the community, and therefor people can elect to put their computers to use to be able to process cryptographic payment blocks for the community. In return the system kicks out payments to those who process payments in the form of bitcoin. The payment percentage varies and there are some aggregate figure you can use to predict how much you will earn. But it all depends on your processing speed and internet connection speed. Some people build heavy duty data banks to process bitcoin blocks via multiple processors. Some using hundreds of processors to do this work. The more processing power you have, the more you can earn. But anyone can do this with any computer and any internet connection.
You can learn more about this at. https://bitminter.com/
There are other ways of earning free bitcoin. You can play some casino games that give free bitcoin without any investment except for the time it takes to play the game. In www.dragons.tl you can earn free bitcoin simply by search the statues in the game. You can withdraw these earnings to ANY bitcoin address. Like I said it doesn’t cost a penny to play this, but the rewards are real.
Other ways to doing this is to find a ‘pay-per-click’ site that pays in bitcoin. There are many, you will have to research this on your own.
So you are asking yourself, what do I do with these bitcoins, and how can they help a campaign drive?
This is the best question. For one, bitcoin can be spent at many merchants. Some who sell advertising, some who sell merchandise, and some who will exchange bitcoin for a pre-paid debit card.
If you go to the bottom of this page https://en.bitcoin.it/wiki/Trade you will see a small list of vendors who accept bitcoin, but there are plenty more out there.
One more resource mentioned in my video is. www.flexcoin.com, which is a bitcoin bank and makes it easy to send payments. (do your own research)
I have sent money to several different campaigns and promotional media as well. But with someone that has 3 kids to take care of, and a 90 year old woman (my wonderful grandma) we have had to upgrade our home, our car and every other aspect of our lives in recent months, and I can only contribute so much. So I want to empower others who are also struggling to come up with capital and this is the best way that I can think of.
I hope the video below helps!
Send bitcoins to: 1FsanA3kfySNo5wZdPQf5vx5wfobwKZo2X