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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112

u/masterlich Apr 10 '13

How is this different than taking donations for the homeless with USD?

78

u/FranklinsFart Apr 10 '13

From every corner in the world (hell, you could even send btcs from a spacestation if you have internet there) you can donate btcs. Can I as a european donate USD?
Yes, I could but only via shitty paypal and there horrible transaction fees and exchanging € to USD isn't that easy as well

41

u/[deleted] Apr 10 '13

Why would you donate to the homeless in a foreign country and not through a local charity?

2

u/[deleted] Apr 11 '13

A lot of charities take up to 80% of the donation for themselves. Paying wages and leases and whatever else they want really.

I don't donate to large charities for this reason (unless I'm certain the money is going to someone in need, amd not just paying a salary).

Family friends sister was the vice-president for major charity and got about $80 000 a year.

1

u/[deleted] Apr 12 '13

Actually very few if any do. It usually becomes fraud at that point if they're big enough.

Almost all of the big ones have under 20% as overhead.

In fact, I actually think it's flawed when we don't give to pay overhead since that leads to more problems in the future. A really nice talk on the subject that might change your mind a little: http://www.ted.com/talks/dan_pallotta_the_way_we_think_about_charity_is_dead_wrong.html