Coinbase CEO Brian Armstrong says donating to charity is net negative "The common view is that philanthropy is this noble cause, and Bill Gates is like 'I'm going to go rehabilitate my image and do philanthropy.'" "A lot of charities and philanthropies are actually net negative for the world and they get captured. It's remarkably hard to find a foundation that has not gotten captured by ideology.” “By trying to do something good, like criminal justice reform, it turns out they just increased crime. I have a donor advised fund and I put money toward things helping civilization advance, but I don't think at this moment I would ever create a foundation." "If you look at the Ford Foundation, I think Henry Ford would be turning over in his grave if he knew what they were up to.” “I have a DAF, a donor advised fund, and I just try to put money toward things that I think are helping civilization advance. But I don't think at this moment I would ever create a foundation."