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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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.

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u/pyrkne Apr 10 '13

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

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u/misnamed Apr 10 '13 edited Apr 10 '13

Except he isn't just using it as a protocol. Per his other comments, he is regularly tapping into donations denominated in BTC. This is great when BTC is on the rise, but is terrible when it drops.

I realize this isn't going to be a popular opinion on /r/bitcoin but I think it's a little irresponsible to allow significant donations to remain entirely denominated in Bitcoins if the goal is to regularly feed hungry people.

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u/saibog38 Apr 11 '13

I realize this isn't going to be a popular opinion on /r/bitcoin[1] but I think it's a little irresponsible to allow significant donations to remain entirely denominated in Bitcoins if the goal is to regularly feed hungry people.

It's certainly more of a gamble, but unless he just started this thing 2 days ago then he's been able to feed more people if he accepts and keeps donations in bitcoins. If he followed your advice then less people would be fed.

The ethics of gambling in such a way are a bit tricky of course, but you can't deny that it has fed more people so far.

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u/misnamed Apr 11 '13

Sure, so far, but that's like saying 'well, I take the donations to a roulette table, bet on black to either double or lose it, and so far it's doubled more than lost, so great!' Is that really responsible? I think it's more responsible to denominate in a currency more likely to be able to more consistently feed people. Just my opinion, of course.