Bitcoin Gets Burned: Burning Man Now Accepting Bitcoin Donations
The popular festival Burning Man, which takes place in Nevada's Black Rock Desert is now accepting bitcoin donations to expand its organization. CEO Marion Goodell explains: "Donations will help provide more grants, training and support to creators of radically interactive art and evens on and off the playa, fund civic programs, teach communities the power of collaboration, strengthen our infrastructure and making the Burning Man experience accessible year-round... Accepting Bitcoin for donations is an experimental first step. We plan to explore other possibilities in the future, including....
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Burning Man, the organization best known for its annual week-long celebration of cutting-edge culture in Nevada's Black Rock Desert, has announced it is accepting bitcoin donations to extend its reach. While ticket sales to the 'Black Rock City' event generally cover production costs, donations will help cover Burning Man's growing year-round program of other activities, including Global Art Grants program, the Big Art for Small Towns program and art honorariums. Donations will be processed through Coinbase. Burning Man CEO Marian Goodell said: "Donations will help provide more grants,....
In a world where the bitcoin community wants bitcoin accepted worldwide, the bitcoin community should expect bitcoin accepted by everyone. Burning Man, a popular festival in the deserts of Nevada, is accepting donations in bitcoin this year toward their non-profit organization. After accepting bitcoin through Coinbase, Burning Man urged their following to utilize bitcoin because of its self-reliance factors, as well as the overall communal effort associated with the blockchain. "Donations will help provide more grants, training and support to creators of radically interactive art and....
Ethereum implemented the EIP-1559 in 2021 and since then, ETH has been burned every day. This upgrade has pushed the network towards becoming deflationary, taking more than 30% that would have gone straight into circulation and burning it. Now, only seven months after the upgrade was implemented, the network has reached another milestone of ETH burned in terms of dollar value. Over $5 Billion In ETH Burned On August 5th, the EIP-1559 officially went into effect. This came with much fanfare given the implications of such an improvement on the network. It has burned ETH since then and....
The LUNA Classic (LUNC) community has now been burning the cryptocurrency for a couple of months now following the collapse of the Terra network. It has been on a reasonable momentum since then with the likes of Binance joining in on the action. So far, there have been more than 26 billion tokens burned, but […]
The Ethereum network has been burning ETH since the EIP-1559 first went into effect in early August. Since then, a portion of fees has been continuously burned, taking a large portion of the digital asset out of circulation. This hard fork had been implemented to combat the inflationary nature of Ethereum and it has been successful as countless blocks have been deflationary since the hard fork took place. ETH Burned Clocks 1 Billion The amount of ETH burned has risen along with fees on the network. Increased network usage had caused transactions costs on Ethereum to skyrocket and since....