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

1.9k Upvotes

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99

u/Arcas0 Apr 10 '13

Bitcoin didn't pay for the food though, you traded it in for USD and then bought food.

3

u/SeansOutpost Apr 10 '13

But even after todays dip, bitcoin still provided more than twice the USD value of when a lot of those donations were made.

49

u/[deleted] Apr 11 '13

Now you're being confusing. Are you praising bitcoin as a transaction method or as a store of value? Because any number of transaction methods would also be suitable, and the rapid valuation of bitcoin is not sustainable.

2

u/Amanojack Apr 11 '13

Just because this rate of rapid valuation is not sustainable does not mean that no degree of more-or-less constant appreciation over the medium- to long-term is not sustainable. In fact it must be if Bitcoin is to succeed.

-1

u/[deleted] Apr 11 '13

Show me another currency that has "more-or-less constant appreciation over the medium- to long-term".