World’s First Bitcoin Endowment Fund Nears One Hundred Thousand Dollars – Lifeboat Foundation

Thanks to a large pledge of 500 BTC (Bitcoin) by Brian Cartmell, Lifeboat Foundation’s Bitcoin endowment fund at https://lifeboat.com/ex/bitcoins has soared to nearly $100,000. Brian will match the next 500 BTC donated to Lifeboat Foundation.

While the Lifeboat Foundation was founded in the 21st century, until recently it was mainly funded using 20th century money, basically various types of monies backed by governments. Lifeboat is now working to have the majority of their funding come from 21st century money — money backed not by governments but by algorithms. The 21st century money Lifeboat is currently focused on is Bitcoin.

Crypto-currencies have many advantages over old-fashioned government-backed money. For example they enable transparency, enabling Lifeboat to show that their endowment monies are stored in these wallets:

http://blockchain.info/address/1Lifeboatu7Y9YqKQRcXfjWYJdXog9CS7r
http://blockchain.info/address/1LifeboatdUHD5eepYdcZZ57VjcwJU6CtB
http://blockchain.info/address/1Lifeboa1zJ7xJabHzVDmnsgqZ11m6LWL5
http://blockchain.info/address/1LifeDkGUgNJcneyRb5JUPTBF1pnT13C2U
http://blockchain.info/address/17aDRzRQK8ccBLVBzsms3ZasVKc9q3o3Qk
http://blockchain.info/address/1EYHFdzc3bnuzZAJxj2iCx4RdtdrVzkL92
http://blockchain.info/address/1MVn2E3hMf9cziRCsZzFnf1oLtSEeMVCSx

They also allow people in less developed countries to have access to the rest of the world. For example, PayPal alone blocks access to over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, they do not think a human being from Haiti, Ethiopia, or Kenya should have diminished access to the world because of payment issues they can’t control. Their goal is to enable people, not block them.

The Lifeboat Foundation would like to start a trend of non-profits building endowment funds with Bitcoin instead of just spending them all. non-profits could be using the deflationary power of Bitcoin to build up their resources so they are in a better position to make a difference in the world. They are looking for assistance in spreading this trend.

Lifeboat Foundation is now partners of Bitcoin Foundation and Bitcoin Magazine.

Lifeboat Foundation Bitcoin-related board members include Jeff Bone, Paul Buitink, Vitalik Buterin, Mike Caldwell, Brenton Camac, Philippe Camacho, Brian Cartmell, Stephen DeMeulenaere, Matthew Elias, Mark Friedenbach, Chris Haley, Adam Harding, Zach Harvey, Kris Henriksen, Nejc Kodric, Aaron Lasher, Sean Lavine, Adam B. Levine, Colbert Low, Jon Matonis, Trace Mayer, Sam Mindlin, Lasse Birk Olesen, Salvatore W. Delle Palme, Michael Parsons, Elizabeth Ploshay, Alan Reiner, Benson Samuel, Charlie Shrem, Eli Sklar, Adam Stradling, Jorge Timon, Jonathan Waller, Alex Waters, and J.R. Willett.

Also, to give back to the Bitcoin community,

Lifeboat Foundation has created the first Windows version of Oclvanitygen in the world that runs well on high-end AMD cards. Anyone can download it for free at http://lifeboat.com/oclvanitygen.exe and Bitcoiners can learn more about it on GitHub at https://github.com/samr7/vanitygen/issues/19. Oclvanitygen is used to create vanity Bitcoin addresses such as the Lifeboat Foundation’s Bitcoin address 1Lifeboatu7Y9YqKQRcXfjWYJdXog9CS7r which begins with 1Lifeboat.

About Lifeboat Foundation

The Lifeboat Foundation is a non-profit non-governmental organization dedicated to encouraging scientific advancements while helping humanity survive existential risks and possible misuse of increasingly powerful technologies, including genetic engineering, nanotechnology, and robotics/AI, as we move towards the Singularity.

To learn more about the Lifeboat Foundation’s Bitcoin Endowment Fund Please go to: https://lifeboat.com/ex/bitcoins/

To learn more about the Lifeboat Foundation’s Work Please go to: http://lifeboat.com/