Sean's Outpost Charity Finances Hit By Drop in Bitcoin Price
Bitcoin charity Sean's Outpost is appealing for funds after running into financial problems following the recent decrease in the price of bitcoin. In a Facebook post, the Florida-based charity, which relies on bitcoin donations to provide meals and shelter to the homeless, said: "The recent price drop in BTC has played havoc with our finances and we are down to the bone right now." The charity reached out to the community on Thursday, following several weeks of weak bitcoin prices. Over the past month, the price of bitcoin has gone down from $485 to $362 at press time. Last week, the....
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Sean's Outpost is a Pensacola, Florida based charity for the homeless. It is well known as one of the first organisations to embrace Bitcoin for charitable giving. Jason King is its founder. He is a regular speaker at events and is highly respected for his work. The organisation has, to date, used Bitcoin donations to successfully supply 60,000 meals, secure nine acres of property and open a thrift store. So, Sean's Outpost's first birthday this week should have been cause for celebration. The local government of Pensacola, Florida has messed that right up. The City of Pensacola has been a....
Bitcoin-powered charity Sean's Outpost has hit a heartwarming milestone. According to founder Jason King, the organization has fed their 100,000th meal to those dealing with homelessness, primarily in the area of Pensacola, Florida. So... Sean's Outpost just fed our 100,000th meal to the homeless. Thought you would like to know. Thanks #bitcoin. - Sean's Outpost (@SeansOutpost) July 18, 2014. Sean's Outpost is one of the few charities out there that accept bitcoin as a primary form of funding. King and his team take their bitcoin donations and use them to buy food and other items for....
The Outpost Thrift has been doubling as a shelter while Pensacola recovers from flash floods. Being a Bitcoin-related organization is challenging to say the least. Hacks, scams, uncertain legality, and downright incompetence have all brought large organizations crumbling to the ground. For Sean's Outpost (the preeminent Bitcoin charity), these constant threats are background noise compared to more pressing issues. The Pensacola City Council has acted to sweep homelessness out of sight of the public, and Satoshi Forest flies in the face of this. Additionally, extraordinary rainfall....
Outpost Thrift's exterior. Last week Sean's Outpost, the world's most active bitcoin charity, opened the doors to it's newest project: a thrift shop in the Outpost's hometown of Pensacola, FL. Boasting "over 11,000 square feet of knick-knacks, furniture, kitchen ware, toys, clothing, appliances, and so much more," Outpost Thrift gives even people of modest means a way to support homeless outreach while getting some pretty sweet antique pepper grinders and a VHS of True Lies. I personally got my hands on a very affordable 'Cheers' mug and some tasteful wine glasses. Sean's Outpost obtained....
Over the past five months, Sean's Outpost has come to be perhaps the most well-known charity in the Bitcoin community. Sean's Outpost, a homeless shelter in Pensacola, Florida run by Jason King, first started accepting Bitcoin in March 2013, carrying a simple message: "When we break down cost, it runs about $1.25 to make a bagged lunch and get it delivered to a homeless person. 40 meals = $50. $50 is K1 BTC. Here is your chance to make a guaranteed, phenomenal return on your investment. Donating 1 bitcoin right now will put food in the tummies of 40 homeless people." Four days later,....