The Bitcoin wallet shown above belongs to the Pineapple Fund, which will be emptied to fund a variety of charities. The charities aren’t chosen through a decentralized system (like Bitcoin itself) but by a person who held on to a lot of Bitcoins. The individual is suddenly so wealthy that they feel the need to make the world better using their new found wealth. Thus the Pineapple Fund is giving away $86 million USD to international charities. (Interestingly, in Toronto an Ethereum group created the Merry Merkel tree to raise cryptocurrency for a local homeless youth shelter.)
“Sometime around the early days of bitcoin, I saw the promise of decentralized money and decided to mine/buy/trade some magical internet tokens,” states the Pineapple Fund website. “The expectation shattering returns of bitcoin over many years has [led] to an amount far more than I can spend. What do you do when you have more money than you can ever possibly spend? Donating most of it to charity is what I’m doing.”
Some charities that are already receiving donations from the Pineapple Fund include Watsi, The Water Project, EFF, MAPS, SENS Research Foundation, charity: water ($1 million each), BitGive ($500,000) and OpenBSD ($50,000).