Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

Just because something doesn’t do what you planned it to do doesn’t mean it’s useless.

 

Thomas Edison

Bitcoin Could Bankroll MDMA Into the Mainstream as a Therapy Drug

RATE THIS! +24
Posted in Medicine on 15th Jan, 2018 12:18 PM by Alex Muller

Late last year, the staff of the Multidisciplinary Association for Psychedelic Studies (MAPS) returned to work to find a truly extraordinary development had occurred. The evening before they had submitted a request for funding that seemed too good to be true:

 

On Reddit, a user with the handle @PineappleFund announced their intention to donate $86 million worth of bitcoin to charitable causes. Groups that wanted to apply could simply do so through the Pineapple Fund website.

 
MAPS figured it was worth a shot and by the next day its logo had already appeared on the site under “charities supported.” They received 59.8 bitcoins (BTC) an amount initially valued at a million dollars. A ripple effect began: Four days later another anonymous donor donated 51.54 bitcoins. Six days later, Lunyr (LUN) tokens worth over $769,000 were anonymously given.
 
This past week, MAPS was given another cryptocurrency opportunity: The Pineapple Fund, a group of an unknown number started by an anonymous philanthropist known as Pine, announced it would match the next $4 million donated to the nonprofit.
 
The offer expires on March 10 and has the potential to be a game-changer for MAPS, which needs $8.7 million to make their goal of offering MDMA-assisted psychotherapy a legal tool for survivors with PTSD a reality.
 
If funding arrives and all goes to plan, it’s expected that the U.S. Food and Drug Administration will give MDMA-assisted therapy, still shaking off taboo, its stamp of approval by 2021.

Tags: bitcoinbrainhealthmedicinedrugMDMA

Read original article » Back to category

Comments



 

Recent headlines

  • Posted in Hardware on 2018-10-15 14:56:49
    SpaceX rocket competitors get some US Air force help..read more
    Posted in Business on 2018-10-15 15:01:28
    China plan to win AI with lots of money, data and easy.....read more
    Posted in Science on 2018-10-13 20:59:12
    SpaceX BFR will beat SLS rocket to orbit..read more
    Posted in Medicine on 2018-10-13 20:46:16
    Anti-aging treatment against senescent cells..read more
    Posted in Science on 2018-10-08 18:36:49
    The Chernobyl area fires back up to produce power as a.....read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    Even light drinking increases risk of death..read more
    Posted by AlexMuller
    Researchers have discovered how to slow aging..read more
    Posted by AlexMuller
    Human retinas grown in a dish explain how color vision develops..read more
    Posted by AlexMuller
    The smartphone app that can tell you’re depressed before you.....read more
    Posted by AlexMuller
    Neural networks don’t understand what optical illusions are..read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me