10 Apr '13, 2pm

There's Someone Calling Himself The 'Bitcoin Billionaire' And He's Randomly Giving Out Thousands Of Dollars On Reddit

There's Someone Calling Himself The 'Bitcoin Billionaire' And He's Randomly Giving Out Thousands Of Dollars On Reddit

Today, something pretty strange happened. Someone gave away over $13,000 worth of Bitcoins to complete strangers on Reddit. Some context: For the last few months, Reddit users have been able to "tip" each other with Bitcoins. Basically, the user sets up a "Bitcointip" account. They are then able to tip other users using simple commands within Reddit. For example, typing "+bitcointip @Username $1usd" will tip that username the Bitcoin equivalent of $1. The recipient of the tip can then export their tip to a Bitcoin wallet (in this case, BlockWallet.info ). (For more information, try reading Bitcointip's help page here) . As the Bitcointip account writes a message whenever a tip is verified, you can see how people are using it. It appears most people use this feature for comical effect — of the most recent tips, most are below $5: Reddit However, earlier today a user who cal...

Full article: http://www.businessinsider.com/who-is-bitcoinbillionaire-...

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