Bitcoin Homeless Man Makes US$ 800 in Four Days

A picture uploaded on Reddit and Facebook, depicting a homeless man holding a poster of his bitcoin address.

The man on the street held a poster reading “Bitcoin only”, with his bitcoin wallet address. The status of the man is unclear, nevertheless, his bitcoin status was checked, to figure out how the man was doing.  It turned out that the bitcoin homeless man gets donations. A team of journalists checked for his status, as anyone can check the bitcoin public address to track the funds of the account and transaction history.

A quick look at the information at the site: blockchain.info, revealed that a few people in the community donated bitcoins to the address on the picture, over the last few days. It was observed that the man began accepting donations on May, 21, 2017, from which he received 0.35842588 BTC, amounting to roughly US$ 800. The man did not save the entire sum received. He withdrew 0.34990576 BTC on May 24.

Previously, as well there have been several cases of bitcoin homeless people, whether these people were in dire need of money or it was a scam, will always remain unclear. Another case of 2013 published in Wired was about a few people begging for bitcoin outside a public library in Pensacola, Florida. One of the men decided not to panhandle and used the internet in exchange of the bitcoins for watching videos on YouTube. He used a service called BitcoinGet, to put together a few coins. Another man was able to survive due to the bitcoins, as cryptocurrency allowed him to overcome the lack of banking services. He was not permitted to open a bank account due to his nomadic life.

Several countries are working towards the goal of going cashless, which in turn, would raise the bar for homeless people in need. These people would then require computers or smartphones, thus needing to be tech savvy enough to scrape together a few bucks.

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