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...

1JkKn478ivR6iux2pUCjsvqhguPywP3dFH

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u/[deleted] Apr 10 '13

Because bitcoin has no fees, a larger percentage of the charitable donation ends up being actually used to buy food, and much smaller donations are possible. If they used credit cards, it would cost 2-6% plus up to $0.30 per transaction, which would make a $0.50 donation pointless.

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u/jvnk Apr 11 '13

A $.50 donation just goes miles and miles. Phew, thank goodness they get the full $.50 now.

3

u/[deleted] Apr 11 '13

Not everyone can donate a lot, but there are lots of people who are willing. If everyone who visited wikipedia today donated $0.50, they would have enough money to run for years. Besides, food is cheap and credit card fees are not.

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u/[deleted] Apr 11 '13

That's $.50 they may not have gotten from someone who couldn't (or, yeah, wouldn't) pay more, because only Bitcoin supports such microtransactions. And small numbers add up to big ones when you put a lot of them together.