Bitcoin-Solely Charity Pledges Up To $four Million for PTSD Analysis


The Bitcoin-only charity, Pineapple Fund, appeals to the Reddit group for BTC contributions for MDMA-based drug trials with PTSD victims.

Pineapple Fund, a Bitcoin-only charity, has promised to match as much as $four mln in donations to a non-profit for MDMA-based PTSD analysis.

The non-profit main the analysis, the Multidisciplinary Affiliation for Psychedelic Research (MAPS), is in search of $25 mln in donations for Part three of their drug trials. MAPS hopes to make use of MDMA-assisted psychotherapy as an efficient remedy for PTSD victims.

The Pineapple Fund was created in early December 2017 by an nameless donor who goes by the Reddit deal with /u/PineappleFund. The donor presents themselves as an early Bitcoin adopter whose objective is to provide $86 mln, or 5057 bitcoins, of earnings to charity.

A Jan. 10 Reddit publish by /u/PineappleFund requires donations to MAPS and publicizes the $four mln pledge. The publish additionally explains the usefulness of the MAPS trials as a consequence of what the nameless donor sees as an absence of efficient FDA-approved remedies for these affected by PTSD.

/u/PineappleFund appeals to the cryptocurrency group to ship Bitcoin or fiat funds as donations to MAPS:

“If you happen to consider that psychedelic medication can have unimaginable therapeutic potential, then I consider this is without doubt one of the highest affect tasks at the moment.”

The nameless donor then concludes:

“I consider we, the cryptocurrency group, can absolutely fund Part three trials. Prescription MDMA may very well be a present to this world from the bitcoin group.”

FDA approval for these experimental therapies is anticipated by 2021, pending constructive outcomes of the Part three trials.

Pineapple Fund already gave 59.89 bitcoin, with a worth of $1 mln on the time of donation, to MAPS on December 14, 2017. In keeping with the Fund’s web site, up to now roughly $20 mln has been donated to 23 organizations, together with the Web Archive, a NGO financing common well being care, and a philanthropic blockchain know-how firm.

Pineapple Fund shouldn’t be the one Bitcoin-only charity: BitHope, a Bulgarian-based NGO, completely accepts cryptocurrency to fund crowdsourced campaigns on its web site. Different Bitcoin-based charities embody BitGive and CommonCollection.

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Bitcoin-Solely Charity Pledges Up To $four Million for PTSD Analysis

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