GoFundMe just proved the value of digital currencies

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By Tyler Durden, Zero Hedge

Just as we anticipated, it looks like a crypto-based crowd-funding platform Tallycoin has helped supporters of the Canadian truckers re-route their donations to help support the people on the front lines of the protest.

In the day that has passed since GoFundMe announced its plans to quash a fundraising effort for the truckers, more than $700,000 has been raised to benefit the truckers on Tallycoin.

Last night, GoFundMe announced it would be seizing all the money ($10 million) donated to the cause, and that donors would only see their donations refunded if they specifically requested that the money be returned. Otherwise, it would be forwarded to another cause of GoFundMe’s choice. Well, this didn’t go over too well with the donors, who many of whom threw a fit online.

Full story here.

Now, in what could become a major threat to GoFundMe, anybody interested in the new platform can donate as little as a single Satoshi (presently, about 2,400 satoshis make up $1), and the fundraiser has a target of 500,000,000 (500 million)

The fundraiser on Tallycoin has the following message affixed to it: “The Canadian Bitcoin community would like to have a second financial access point for #FreedomConvoy2022. Legacy financial infrastructure can sometimes be politicized and clamped down upon, whereas Bitcoin is a truly censorship resistant method of communicating value. Don’t allow your voices to be silenced, and don’t allow your financial sovereignty to be trampled upon. Love, unity and freedom – let’s raise some hard money for hard workers!”

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