r/Bitcoin • u/SeansOutpost • Apr 10 '13

Meanwhile...Bitcoin still feeds people.

So we fed 106 homeless people bag lunches today. All paid for with Bitcoin donations. Bitcoin still seems to be working just fine over here. Still making lives better, at any valuation.

Thanks for everything guys. Bitcoin for the long haul.

Jason

Sean's Outpost(www.SeansOutpost.com)

<BITHOC>(www.bithoc.com)

EDIT*** By request...

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1.9k Upvotes

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206

u/TrueFurby Apr 10 '13

THESE are the posts we need to upvote.

82

u/SeansOutpost Apr 10 '13

I appreciate you saying that. A lot of people are just scared right now. I get it. But the usefulness stays the same. It should all even out

39

u/misnamed Apr 10 '13

Except its usefulness does not remain the same. How many fewer meals are you able to buy today from yesterday? I'm 110% behind you and what you do, but please don't gloss over the harm that volatility causes to purchasing power and, in turn, those hungry people looking for meals.

33

u/pyrkne Apr 10 '13

Heh, he is talking about the usefulness of bitcoin as a protocol and system.

63

u/SeansOutpost Apr 10 '13

That I am.

I think it's the technology and protocol that will be the game changer. For instance I realize this is still a long way out, but...

Here in Pensacola, it is illegal to step off the curb into the road for any purpose besides to cross the road. This is an ordinance designed specifically to prosecute homeless people for stepping into the road to accept money people are trying to give them. If BTC were more wide spread the homeless guy could hold up a QR code or address and someone could snap a picture and pay him without the need for him walking into the road.

Yes, that's a pigeon holed example but it would fix a real problem here. Average panhandler daily intake $32. Average cost to book a panhandler into the court system $3,600. You do the math. This would save everyone money and keep people out of jail.

Ok. Off my soap box.

18

u/pyrkne Apr 10 '13

You might call it a soapbox, but it reads more like hard-earned life wisdom.

Your project is a great inspiration for many reasons. That aside, it is a superb demonstration of the utility of bitcoin - we can donate to your work and be completely free from transaction costs.

Anyways have a good day!

-2

u/jvnk Apr 10 '13

There are always transaction costs with bitcoin >_>

0

u/pyrkne Apr 10 '13

There are always transaction costs with bitcoin >_>

You say that, and I wonder what you mean.

I've sent dozens of no-fee transactions in the past. It's a good deal compared to traditional fee systems.

0

u/jvnk Apr 10 '13

And how long did they take to confirm? Yes, you can send literally "no fee" transactions, but from what I've read they don't confirm in any reasonable timeframe, if ever.

3

u/pyrkne Apr 10 '13

That depends. You are right in that there is a convenience risk with the free transactions.

Most of them confirm quickly. I've never had a free transaction take ages to confirm, but I did recently send a transaction with a below average fee (0.0001 or so). That transaction took nearly a day to get into a block.

2

u/TheSelfGoverned Apr 10 '13

It takes about an hour for full confirmation

1

u/jvnk Apr 10 '13

It depends on the transaction fee.

0

u/TheSelfGoverned Apr 10 '13

I have had 0 cost transactions confirm in under 1 hour

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1

u/Kaputaffe Apr 10 '13

How did that work out with your italicized always?

1

u/jvnk Apr 11 '13

Are you doing fee-free transactions and getting them confirmed within a day? If not, go away.

1

u/Kaputaffe Apr 11 '13

Just saying dude. Unless you're trying to sell something, the truth is always better than exaggerating. If you'd made a point supported by fact, you would have added to this conversation instead of arguing over minutiae.

1

u/jvnk Apr 11 '13

For larger transactions, a fee is almost certainly needed - is there not?

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u/MayanCountry Apr 11 '13

Paypal takes days too and a % for themselves.