>https://www.google.com/amp/s/www.forbes.com/sites/ninabambys...
>It was 1 billion at time of donation but sits at about 400MM now
The source you provided says he donated $1B in various tokens/coins, not in ETH (as bpodgursky originally claimed). This is an important distinction, because a $1B donation in a very thinly traded coin/token is worth significantly less than a $1B donation in a popular cryptocurrency like eth/btc. The same source also says he only has about $1B in ETH, which makes me even more doubtful he actually donated $1B (in value after liquidation, not at market price).
Re:Against Overuse of the Gini Coefficient
by dogecoinbase on Friday July 30, 2021 @12:55AM
(#28004614)
This is exactly correct. Many people gave him various coins (typically in the hope that he would then promote them) -- he gave those away. I guess it worked, because you now have people saying "He's given away billions in Eth".
Re:Against Overuse of the Gini Coefficient
by kingleo23 on Friday July 30, 2021 @08:41AM
(#28007308)
He definitely should have checked and publicly acknowledged the market depth and been more cognizant of the local market top before giving away a mere 400mm of his private wealth to charity. He used coins dumped to his public address by scam projects attempting to co-opt his legitimacy to fool naïve investors and in one stroke stopped that practice and donated a 9 figure sum to Covid relief in India and other causes.
It was 1 billion at time of donation but sits at about 400MM now. Im not sure about his eth donations but he has shown he isn’t greedy for money.
The above was talking in dollars not ETH.