this post was submitted on 02 Aug 2023

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No Stupid Questions

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What platform/api could I use to split donations across multiple benefactors? (lm.helilot.com)

submitted 11 months ago by [email protected] to c/nostupidquestions

6 comments fedilink hide all child comments

I've been looking across the internet, up, down, front, and back. No clue.

Let say two artists put their work together and want to add a donation banner on the webpage of their collaboration. For example, a singer shares their music with a video maker.
First, they agree on an arbitrary share for future donations. Like 50%/50% or 75%/25%, etc.
They may not know each other well, they may live in two separate continents.

Is there any platform or api allowing this?

Once the share is agreed upon, an artist can not change it without the approval of both.
The platform shouldn't be bound to a country (for example Stripe cannot accept international donations, unless the artists are in the US).
I may be wishing for Santa Claus, but a privacy-friendly solution would be awesome.

Any idea appreciated, I've been drying my a$$ off for weeks on this one.

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[–] Savvy95 2 points 11 months ago

This would be a tie in to Amazon Amp.

[–] [email protected] -1 points 11 months ago (1 children)

Look up multisig bitcoin wallets. It does most of what you want and might be what you're looking for.

[–] [email protected] 3 points 11 months ago* (last edited 11 months ago) (1 children)

You are correct, there are many solutions for cryptocurrencies.
I've considered the ETH safe wallet for a while https://safe.global/wallet
I would rather prefer Eth2.0 over Bitcoin, though. Bitcoin is limited, clogged and polluting.

However, the general sentiment this year is so heavily aggressive against any cryptocurrency solution, it is getting weird.
I am worried that if I put any cryptocurrency solution, people would automatically close my page, without even giving it a read.

[–] [email protected] 3 points 11 months ago (1 children)

If you go the crypto route - use Bitcoin. This is coming from someone who owns a lot of ETH. Yes, it's outdated but it works and is the most recognizable/popular digital asset.

I've seen plenty of websites with Bitcoin donation addresses. I'm not sure how long you've been familiar with Bitcoin but despite what you may think the sentiment around it is more or less the same as it has always been. It was just as criticized at $30 as it is now at $30k.

If your only using it to collect then convert donations to your local currency then use what's popular.

[–] [email protected] 2 points 11 months ago* (last edited 11 months ago) (1 children)

I get your point but I wouldn't choose bitcoin for the sake of its popularity, when there are a thousand times better solutions out there.

[–] [email protected] 2 points 11 months ago* (last edited 11 months ago)

I mean, there are also better solutions than ETH, but having better technology doesn't guarantee anyone will use it or Monero would be leading the market.

If there is only 1 surviving cryptocurrency 10 years from now it will most likely be Bitcoin.

Anyways, I hope you find whatever works best for you.