GiveDirectly is a great org that’s working in data driven experimental way to identify effective ways to donate. I’ve donated to them for years. In a similar vein is GiveWell, https://givewell.org/, who research and identify the top charities to donate to to maximize dollar impact. Their mission is to simplify giving by just telling you a very small number of orgs, removing any need for analysis or choice.... - Source: Hacker News / 7 months ago

When I donate to http://givewell.org , I don't care about the relative value they place on arms and legs. What I care about is avoiding pseudo-charities. You know, the ones that pop up in exposé articles every now and then where most of the money goes to marketing and admin, a tiny sliver goes to the actual cause, and then a clown car pulls up full of people who try to rationalize how this is actually a good... - Source: Hacker News / 8 months ago

Givewell.org. It is a charity evaluator which uses extensive research to investigate the best, most cost-effective ways to help people in the world today. They have their Top Charities Fund which supports the highest-priority funding needs among their Top Charities. They also have their All Grants Fund to fill the highest-impact funding opportunities they can find, whether those opportunities are top charities or... Source: about 1 year ago

You should definitely help random strangers! Do it by contributing money to stop malaria, or whatever the current top charity on http://givewell.org is. That helps far more people with far more efficiency than giving money directly to someone you pass on the street (and if you want to give money directly to people who need it, there’s also http://givedirectly.org, which does exactly that (and was also in... Source: about 1 year ago

I unfortunately don't think that the 45€ per month that I spend on my cryonics contract would be able to save the poor. Also, it's not an either or. I regularly donate to charities with good rating from givewell.org. I'm not giving every possible penny I have, but my guess is that neither are you buddy. Source: about 1 year ago

"Gemini is partnering with accredited third party borrowers including Genesis, who are vetted through a risk management framework which reviews our partners’ collateralization management process. On a periodic basis we will conduct an analysis of our partners’ cash flow, balance sheet, and financial statements to ensure the appropriate risk ratios and healthy financial condition of our partners. Source: 12 months ago

Genesis trading is a company that helps institutional investors tap into the crypto markets. Source: over 1 year ago

I'm like 99% sure you're correct. https://genesistrading.com/. Source: over 1 year ago

However, if your GUSD is in their Earn program, you essentially have what is called third-party risk. Essentially, Gemini has given your GUSD to Genesis. Genesis then uses those GUSD to lend to institutional investors, who are doing god knows what with the GUSD. The point of all of this is to say that if the institutional investor goes bankrupt, or if Genesis goes bankrupt, then you may not be able to get back... Source: about 2 years ago

They partner with Genesis capital https://genesistrading.com/. I listened to an interview with Genesis about the Earn program and they have a slush fund to cover any defaults. Basically you are fine unless Genesis themselves go under which is unlikely. Source: over 2 years ago