Fund Raising with Bitcoin

Here is another scenario for how society can use the Bitcoin technology.  Suppose a group of people decided to attempt to raise money for a common purpose. They could appeal to the public for donations by advertising or doing fundraisers. Or, they could set up a Bitcoin Fundraiser.

The first step would be to set up a bitcoin wallet with Coinbase. This will give the "purpose" an identity, the wallet number.

Next, let's call them the Group, joins a high-paying Bitcoin faucet that gives away bitcoin every 15 minutes.  Bitmais pays between 50 and 50000 Satoshi every 15 minutes. Those earnings go immediately to Faucet Box which collects and holds earnings until it moves them to Coinbase.

It is not as complicated as it sounds and it assures that the earnings are not being held for an eventual payout to someone like Paypal or Payza.

Now each member of the Group opens an account at Coinbase to get their Wallet ID#. When they go to Bitmais and plug in their Coinbase ID, they automatically  become members of Bitmais. Their earnings go to their Faucet Box Account and then to their Coinbase Account.

The final step is that all members of the Group hit the "Send" button at Coinbase and send their earnings to the Group's Coinbase Account.

Now for the bonus. When the members of the Group sign up for their own Bitmais Account they use a referral link provided by the Group. Now the Group will get an additional 20% "commission" for referring the individual members.

As bitcoin becomes more competitive, I believe we will see higher payouts from faucets and paid to click sites. And, the altcoins will probably develop their own incentives and will give you their coins.

So, now is the time to try these various ideas. Don't wait until you hear about a similar campaign on TV.