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I don't get the nobleness. If he wanted to donate to charity, why didn't he do so with his own money? He basically took other people's money from an honor system, intended for solely different purpose and decided to donate that. How is that noble?

He just decided this honor system is not to his liking and decided to screw it up. That makes ou an a*hole. After all this time, not realizing his own douchebaggery just makes him look like a pretentious douche bag. The worst kind.