{"id":5893,"date":"2022-07-24T16:00:50","date_gmt":"2022-07-24T16:00:50","guid":{"rendered":"http:\/\/www.cryptoheretostay.com\/?p=5893"},"modified":"2022-07-24T16:00:53","modified_gmt":"2022-07-24T16:00:53","slug":"6-questions-for-pat-duffy-of-the-giving-block-cointelegraph-magazine","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=5893","title":{"rendered":"6 Questions for Pat Duffy of The Giving Block \u2013 Cointelegraph Magazine"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p style=\"text-align: center;\"><em>We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry\u2026 and throw in a few random zingers to keep them on their toes!<\/em><\/p>\n<p>\u00a0<\/p>\n<p>This week, our 6 Questions go to Pat Duffy, co-founder of The Giving Block \u2014 a crypto donation solution that provides an ecosystem for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies.<\/p>\n<p>\u00a0<\/p>\n<p>Pat is co-founder of The Giving Block, and has raised over $100,000,000 in crypto for nonprofits in the last year. From 2020 to 2022, Pat and his co-founder Alex Wilson grew The Giving Block from a four-person team into one of the fastest growing companies in the nonprofit sector, with thousands of nonprofit clients and the world\u2019s largest crypto donor community.<\/p>\n<p>1 \u2014 What is the main hurdle to mass adoption of blockchain technology?<\/p>\n<p>People say education, and I think that\u2019s wrong. When people say \u201ceducation,\u201d I think that leads to people getting up on stages and explaining blockchain to people who don\u2019t even understand how their microwaves work. It feels very puritanical to me and it\u2019s been stunting progress on adoption. I think people are too addicted to decentralizing everything, including crypto adoption, which leads to a lot of people creating \u201ceducational\u201d content instead of building intermediary companies and encouraging beginner-level crypto ownership that doesn\u2019t require staking yams. I\u2019d love to see people stop trying to explain how the pistons fire in the engine block so we can focus more energy on creating a level of crypto access that requires zero technical understanding.<\/p>\n<p>\u00a0<\/p>\n<p>2 \u2014 What has been the toughest challenge you\u2019ve faced in our industry so far?<\/p>\n<p>Teaching young crypto owners about the tax incentive to donate crypto. It\u2019s so hard to explain to a group of people who hodl at all costs that they actually end up with larger crypto positions when they donate crypto versus donating cash (they donate the crypto, then use the dollars they would have donated to buy crypto at today\u2019s cost-basis. Voila \u2014 they owe no tax on the appreciated crypto they gave to a charity, and the new crypto they bought today resets their tax liability). That\u2019s been a real uphill battle, since these folks haven\u2019t been educated on this like older folks who donate stocks every year for the same reason.<\/p>\n<p>\u00a0<\/p>\n<p>3 \u2014 Does it matter if we ever figure out who Satoshi really is or was? Why, or why not?<\/p>\n<p>I couldn\u2019t care less, but a lot of people seem hell-bent on figuring it out. I don\u2019t see the utility of it, and think it just opens folks up to getting tricked into investing or not investing based on the moral pros and cons of the individual. The ideas aren\u2019t any more true or false regardless of who developed them. I would fear the same thing will happen that we see in politics, where people support ideas based on the person who\u2019s saying it rather than the merit of the idea itself.<\/p>\n<p>\u00a0<\/p>\n<p>4 \u2014 What do the people closest to you tell you off for? Feel free to offer more than one answer.<\/p>\n<p>This is a wild question, but I dig it. I\u2019d say the main thing I hear is \u201cThat\u2019s not funny\u201d when I take a risk with a crazy joke. Which of course makes it more funny. I\u2019ve never done heroin, but I imagine that the closest I\u2019ve come to experiencing an opiate high would be telling jokes that make my mom a little mad while everyone else laughs.<\/p>\n<p>\u00a0<\/p>\n<p>5 \u2014 What makes you angry, and what happens when you get mad?<\/p>\n<p>I\u2019d say the main driver of seething rage these days would be seeing people I care about having heated discussions about things they aren\u2019t actively working on (and never will actively work on). Seeing friends and family get upset about political situations or cultural changes that they\u2019re not trying to impact personally is a bizarre self-harming obsession that every now and then gets me to blow up at the dinner table. Anytime someone is complaining about something, I like to ask them \u201cWhat are you going to do about it?\u201d If the answer is that there\u2019s nothing they can or will do about it, I think we all have an obligation to beg them to stop reading about it.\u00a0<\/p>\n<p>There is much less time in the day than people think there is. All the time people spend \u201cstaying informed\u201d directly takes away from time they\u2019re spending bettering their life or the lives of the people they care about. Would love to see more people obsessively learning about subjects that they actually leverage to make things work better.<\/p>\n<p>\u00a0<\/p>\n<p>6 \u2014 What\u2019s the silliest conspiracy theory out there, and which one makes you pause for a moment?<\/p>\n<p>The Flat Earth theory is the funniest one right now. Right at that perfect intersection where just enough people are bought in to make you think the end of the world is near. \u201cBirds Aren\u2019t Real\u201d would be my favorite if there were some NBA players who were pumped on that. Ones that make me pause aren\u2019t all that outside the box \u2014 generally it\u2019s suicides or assassinations where there\u2019s a great deal at stake. When there are obvious reasons certain folks might want you dead, then it doesn\u2019t take a leap of faith for you to start thinking there might be more to the story.<\/p>\n<p>\u00a0<\/p>\n<p>A wish for the young, ambitious blockchain community:<\/p>\n<p>I hope you all leverage what you\u2019re learning to improve the lives of the people you care about. That can be by making transformative money, by solving important problems, building important companies or making important connections. Whatever it might be, you\u2019re in a position to do something important, so make the opportunity count.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/magazine\/2022\/07\/24\/6-questions-for-pat-duffy-of-the-giving-block\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry\u2026 and throw in a few random zingers to keep them on their toes! \u00a0 This week, our 6 Questions go to Pat Duffy, co-founder of The Giving Block \u2014 a crypto donation solution that provides an ecosystem for nonprofits [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-5893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5893"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5893\/revisions"}],"predecessor-version":[{"id":5895,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5893\/revisions\/5895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/5894"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}