A guy raised Bitcoin worth $59 MILLION and spent nearly all of it helping homeless people
In February 2013 an Army veteran named Jason King started a homeless outreach in Pensacola Florida called Sean's Outpost, named after his best friend, a local reporter murdered a year earlier
One month later he posted a single pitch to the Bitcoin community: "Donate 1 BTC and we will feed 40 people"
Bitcoin was trading at $50 and each meal cost around $1.25
Within 12 hours he had enough for 80 meals and the donations never stopped
Pensacola had just made homelessness basically illegal
Sleeping outside was banned and King was told that handing a freezing person a blanket counted as helping commit a crime
So the Bitcoin community bought 9 acres of forest for $89,000, with the mortgage paid in Bitcoin, giving homeless people a place where they could legally sleep and naming it Satoshi Forest
King paid homeless carpenters in Bitcoin to build $7,500 tiny homes for other homeless people, while others learned to use Bitcoin wallets
They started earning money online and one even saved enough to move into his own apartment
By late 2014 the charity served over 120,000 meals and became the largest meal provider for the homeless in the entire county
The charity's own records show it raised around 943 Bitcoin, with 532 coming from King and his wife's own pockets, now worth roughly $59 million
Almost every single coin became a $1.25 meal or a bed in the forest
While the Bitcoin community argues about BIP110, our fiat overlords announced the biggest stablecoin coalition the world has ever seen.
While we fight about stupid things like relay policy and content filters, the real enemy grows stronger.
The feds would be proud.
Big shout out to @w_s_bitcoin for a marathon 24+ hours on Spaces, providing guidance and explanations to those affected by the ColdCard exploit and the wider Bitcoin community.