Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Poor
by
kgo
on 26/11/2013, 21:19:25 UTC
That is just pure dumb in my opinion. I like bitcoin, but I am not planning my entire life on the viability of the matter.

I'd even say the guy accepting foodstamps with over $9,000 in bitcoins (more than double digits, price at $900 now) is a leech...

Be fair.  $9000 is nothing and if Bitcoin carries on in 2014 as it has in 2013, that $9000 will be $270,000 which can take him out of poverty and off the welfare rolls forever.

It's $7000 more than you can have to be eligible for foodstamps, so it's not just a moral issue.  It's fraud.

"Households may have $2,000 in countable resources, such as a bank account, or $3250 in countable resources if at least one person is age 60 or older, or is disabled."

http://www.fns.usda.gov/snap/eligibility