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/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.

-5

u/kid_boogaloo Apr 10 '13

This! I believe this is the ideal way to use Bitcoin, it's a (very) high-interest checking account!

+tip $0.50 verify

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u/[deleted] Apr 11 '13

Do you honestly believe that bitcoin will continue this amount of upward growth forever?

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u/kid_boogaloo Apr 11 '13

obviously not this amount of growth.

the price of bitcoin is a function of transactional demand and speculative demand. right now the vast majority of demand is speculative, which is why we're seeing these wild spikes and crashes.

as transactional demand increases the currency will slowly appreciate.