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We have a winner, internet friends. I want to extend a very special thanks to everyone who followed this over the last 24 hours, and the deepest gratitude from EVERYONE at our @FreedomofPress to those who bid on our charity event. You help us make a better world. Stay free! twitter.com/Snowden/status…

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Alex Gladstein

@gladstein

Apr 17, 2021

Don’t forget to donate Bitcoin to non-profits you love, too! Especially if they agree to hodl for a certain time it can be like planting a seed for a future tree.

Wen

NFT?

Jesse you are disappointing me with this fomo bubble mentality. Wen lightning network at kraken? NFTs are currently a digital tulip bubble, prices are jacked up by pump & dumpers who have illegal securities to pump. "NFTs are the future" is the same as "ICOs are the future."

Yes there's some long term value in NFTs, but these ethereum & defi whales are pumping the fuck out of these high profile NFT launches for marketing purposes. They all have a vested interest to keep these NFTs priced high, but the value of all this shit is going to get rekt.

I can't believe that you're suggesting this is sustainable model for charity fundraising... I need me some of that koolaid. Jesse come on my podcast and let's talk about this. You can be a Bitcoiner & like NFTs, but your logic here is shockingly shitcoiny...

Jesse Powell

@jespow

Apr 17, 2021

I think you misunderstand the purpose of these charity NFTs. They’re not investments for flipping. They’re fancy donation receipts that double as digital status symbols. Auctioning status has long been a successful fundraising tactic for non-profits.

Dude it was purchased by a shitcoin DAO to pump it's token with all the free marketing you guys are giving them.

Replying to

IMO it has 0 resale value. I don’t know what their rationale for buying it was. My bid was for a straight donation. It clearly was an effective tool for the charity. Can only speculate about the buyer’s objectives.

2:21 AM · Apr 17, 2021Twitter for iPhone

Replying to

Do you really think that they have genuine incentives? The DAO is made up of a bunch of people who made collectively at minimum $100 million this year printing their own DeFi tokens & NFT derivative tokens. It's a marketing expenses to keep the degenerate defi bubble going.

Jesse Powell

@jespow

Apr 17, 2021

Doesn’t really matter to the charity. I appreciate their donation to a cause that benefits us all. Did they individually get something for it other than marketing, good will, status and a tax write-off? I don’t know. Charities should jump in while the space is hot.

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