• Brendan Lee

Saving Charity (6/6): The Role Bitcoin Can Play

New charities that a design to leverage the transparency and rapid disbursement of funds enabled by the Bitcoin network will allow donors, governments and regulatory bodies to ensure that programs using donated money are pursuing the exact outcomes put forward in the mission statement of each program.

Bitcoin is an honest money system coupled to truth machine designed to engender a new paradigm in trust and community values. By leveraging its simplicity and scalability we can change the way charity is used to directly incentivise donors and recipients to work together to improve outcomes for everybody.

Moving forward, I expect to see a number of new initiatives that seek to build on the unique properties of the network.

"I look forward to the day when I can directly participate in elevating the standard of living and dignity of people the world over."


The Eight Levels of Charity

(from Mishneh Torah, by Moses ben Maimon)

There are eight levels of charity, each greater than the next.

1. The greatest level, above which there is no greater, is to support a fellow Jew by endowing him with a gift or loan, or entering into a partnership with him, or finding employment for him, in order to strengthen his hand so that he will not need to be dependent upon others .

2. A lesser level of charity than this is to give to the poor without knowing to whom one gives, and without the recipient knowing from who he received. For this is performing a mitzvah solely for the sake of Heaven. This is like the “anonymous fund” that was in the Holy Temple [in Jerusalem]. There the righteous gave in secret, and the good poor profited in secret. Giving to a charity fund is similar to this mode of charity, though one should not contribute to a charity fund unless one knows that the person appointed over the fund is trustworthy and wise and a proper administrator, like Rabbi Chananyah ben Teradyon.

3. A lesser level of charity than this is when one knows to whom one gives, but the recipient does not know his benefactor. The greatest sages used to walk about in secret and put coins in the doors of the poor. It is worthy and truly good to do this, if those who are responsible for distributing charity are not trustworthy.

4. A lesser level of charity than this is when one does not know to whom one gives, but the poor person does know his benefactor. The greatest sages used to tie coins into their robes and throw them behind their backs, and the poor would come up and pick the coins out of their robes, so that they would not be ashamed.

5. A lesser level than this is when one gives to the poor person directly into his hand, but gives before being asked.

6. A lesser level than this is when one gives to the poor person after being asked.

7. A lesser level than this is when one gives inadequately, but gives gladly and with a smile.

8. A lesser level than this is when one gives unwillingly.


Read previous posts in this series:

Part 5: Venture Philanthropy

Part 4: The Big Charity

Part 3: Bitcoin vs the Global Mega Charity

Part 2: The Rise of Big Charities

Part 1: A Brief History

About Brendan Lee, Head of Technology

Mr. Lee's career to date has been focused on increasingly senior roles within industrial design, automation, and control, focusing on software design and implementation. Most recently, Mr. Lee was the Bitcoin Engineer Lead for Tokenized Group Pty Ltd, a company responsible for the Bitcoin Tokenized protocol, which is a comprehensive, regulation-friendly solution for businesses to create tokens for real-world assets on the BSV blockchain.

Follow him on Twitter

For partnerships, collaborations, and speaking inquiries, please message us through our contact us page.


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