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Home > Press > World's first bitcoin endowment fund nears one hundred thousand dollars

Thanks to a large pledge of 500 BTC (bitcoins) by Brian Cartmell,
Lifeboat Foundation's bitcoin endowment fund at has soared to nearly $100,000. Brian
will match the next 500 BTC donated to Lifeboat Foundation.

World's first bitcoin endowment fund nears one hundred thousand dollars

Minden, NV | Posted on September 21st, 2013

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 our funding come from 21st century money --
money backed not by governments but by algorithms. The 21st century
money Lifeboat is currently focused on is bitcoins.

Crypto-currencies have many advantages over old-fashioned
government-backed money. For example they enable transparency, enabling
Lifeboat to show that our endowment monies are stored in these wallets: , , , , , , and . 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, we
don't think a human being from Haiti, Ethiopia, or Kenya should have
diminished access to the world because of payment issues they can't
control. Our goal is to enable people, not block them.

We would like to start a trend of nonprofits building endowment funds
with bitcoins instead of just spending them all. Nonprofits could be
using the deflationary power of bitcoins to build up their resources so
they are in a better position to make a difference in the world. Help us
launch 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
Timón, 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. You can download it for free at and can learn more about what we
did on GitHub at
oclvanitygen is used to create vanity bitcoin addresses such as our
bitcoin address 1Lifeboatu7Y9YqKQRcXfjWYJdXog9CS7r that begins with


About Lifeboat Foundation
The Lifeboat Foundation is a nonprofit nongovernmental 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.

For more information, please click here

Lifeboat Foundation News office
1638 Esmeralda Avenue
Minden, NV 89423, USA
+1 775-853-5212

Copyright © Lifeboat Foundation

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

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