This article was originally published on Tuttotek
When the history of the early 21st century is written, the story of blockchain technology will likely be split into two narratives. One is about technology and finance; the other, a less-told story, is about radical generosity.
At Coinsdrom, we often discuss the utility of digital assets—their speed, security, and borderless nature. However, the most profound demonstration of these qualities hasn’t occurred in boardrooms, but in disaster zones and non-profit sectors. In this review, we trace the evolution of “Crypto Philanthropy,” a movement that has redefined what it means to give aid in a digital age.
The Awakening: The Pineapple Fund
The first major chapter in this history began in late 2017, with a Reddit post from an anonymous individual known only as “Pine.”
The user, an early adopter who had mined Bitcoin when it was virtually unknown, decided to donate 5,057 Bitcoin (valued at approximately $55 million at the time) to charitable causes. They established “The Pineapple Fund,” supporting everything from medical research (MAPS) to digital rights (EFF) and clean water projects.
This was a watershed moment. It shattered the stereotype that early blockchain adopters were solely focused on accumulation. Instead, it proved that the community possessed a strong ethos of redistribution and social responsibility.
Coinsdrom views the Pineapple Fund not just as an act of charity, but as a proof-of-concept. It demonstrated that vast amounts of value could be moved to accredited non-profits instantly, without the friction of traditional banking intermediaries.
Speed as a Lifeline: Ukraine and Turkey
If the Pineapple Fund were about generosity, the response to recent global crises has been about speed.
When war broke out in Ukraine in 2022, traditional banking rails were severely disrupted. The government of Ukraine took an unprecedented step: they posted digital wallet addresses on Twitter. Within days, over $50 million in various digital assets poured in from donors worldwide. These funds were used to purchase medical supplies, protective gear, and humanitarian rations almost immediately.
Similarly, following the devastating earthquakes in Turkey and Syria in 2023, the global crypto community mobilized faster than many state actors.
This highlights a critical utility that Coinsdrom emphasizes: in a crisis, time is the most valuable currency. Traditional international wire transfers can take 3 to 5 business days to clear—a delay that can cost lives in an emergency. Blockchain transactions are clear in minutes, regardless of borders or banking hours.
Solving the “Black Box” of Charity
Perhaps the most revolutionary aspect of this technology is not how fast the money arrives, but how we know it arrived at all.
In traditional philanthropy, there is often a “black box” problem. You donate to a cause, and the money disappears into a complex bureaucracy. You hope it reaches the beneficiary, but you cannot verify it.
Blockchain flips this model upside down. Because every transaction is recorded on a public ledger, donations are traceable.
- Transparency: Donors can see exactly when their funds arrive in the charity’s wallet.
- Accountability: In advanced “smart contract” models, funds can be programmed to be released only when certain conditions are met (e.g., verifying that food shipments have been delivered).
The Coinsdrom Perspective
We believe that the humanitarian application of blockchain is one of its strongest arguments for existence. It strips away the inefficiency and opacity that often plagues the non-profit sector.
At Coinsdrom, our platform is built on the same principles of transparency that make these philanthropic efforts possible. While our individual users utilize our services for personal asset management, they are using the same underlying technology that is currently powering a more transparent global aid network.
Conclusion
Crypto philanthropy has graduated from a novelty to a necessity. It has proven that digital assets are more than just code; they are a tool for rapid, borderless human connection.As the industry matures, we expect to see “Giving” become a native feature of the digital economy, rather than an afterthought. Coinsdrom is proud to be part of an ecosystem where technology is not just reshaping how we hold value, but how we help one another.
