Tags: send | bitcoin | sign | reddit

'Send Bitcoin' Sign on Reddit Garners $22K in Anonymous Donations

Tuesday, 03 Dec 2013 03:28 PM

By David Ogul

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Social networking sites are abuzz over a college student’s plea for money from his mother that led to anonymous Bitcoin donations totaling more than $22,000.

The unidentified young man held up a sign on ESPN’s College Game Day that read, "Hi Mom Send" above a Bitcoin logo and a QR code for a Bitcoin wallet. (QR codes are also known as Quick Response code,s which have become common in consumer advertising and often represent a URL for a website.) The image made it onto the front page of Reddit, and curious onlookers soon found the account to which the code linked and started making Bitcoin donations.

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Reddit followers quickly responded, offering donations.

“It wasn’t supposed to take off like this!!!” wrote the owner of the account, BitcoinPitcher2.

“Just enjoy it,” responded Reddit user rightc0ast. “The wild west has made many a fortune. You are just the latest.”

“I’m blown away!,” BitcoinPitcher2 later responded.

Twitter users were just as amazed.

YardBarker.com reported, “During the early stages of the incoming transactions, BitcoinPitcher2 said he would be donating the majority of the money to a charitable group called Sean’s Outpost, which is a homeless shelter and outreach group located in Pensacola, Fla.

Bitcoin is a peer-to-peer electronic money and payment network that has exploded in popularity and value. It has attracted speculators and made millions for many. Bitcoins are now valued at roughly $1,000 each, but many economists argue that they are little more than a Ponzi scheme.

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