Busking for Bitcoin

Dontaskme

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I've searched high and wide on here and have found no evidence anyone actively does this. It seems like a logical step in a cashless society and with all the current hype, everybody and their mother has a Bitcoin wallet with $20 in it. I often find myself out of change soon after visiting a city and I'd be more inclined to scan a QR code than walk with someone and buy them a coffee and doughnut. That's bad I know, but I am socially awkward penguin :)

Accepting Bitcoin

Steps: (generating a wallet is free)
1. Go to a local Bitcoin ATM, follow the instructions and obtain a "Paper Wallet"
OR
Go online and create a bitcoin address (ex. www.bitaddress.org )
OR
If you have a smartphone, download a BTC wallet app.

2. You'll need to print out or enlarge the QR code for your *PUBLIC ADDRESS ONLY* on a sheet of paper.

2.a You could then make a cardboard placard to hold it up, tape it to your pack or make a smaller copy and tape it to your busket.

Spending your Bitcoin

Bitcoin is hard to spend, not many companies allow you to spend it directly, so if you can go ahead! Although you'll lose some in exchange rates, the easiest way would be to change it for cash at a Bitcoin ATM. Most Bitcoin ATM's have a minimum withdraw to exchange, usually $20. You're able to check your balance at ATM's for free, on various apps, online or desktop software.

Donating Bitcoin

Any QR scanner will do fine, scan their code and it will generate that person's public address (a string of letters and numbers) where you can send bitcoin through whichever wallet software your choose. If you have a wallet app, you can scan and transfer directly. You could even write down the public address by hand and transfer it later on a desktop!

Remember, keep your private address PRIVATE! Do not mix them up! The private address allows you to spend that wallet's bitcoin.

Let me know what you all think.
 

SlankyLanky

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for this to work i think alot more people would have to know what bitcoins are and how they work. even with all the media coverage about it the past few years the fact is john and jane doe still pretty much have no idea what bitcoins are.
 

bushhippie

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im honestly just mad i didnt buy bitcoin years ago when i had first learned about it
 

MolotovMocktail

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im honestly just mad i didnt buy bitcoin years ago when i had first learned about it
I've heard a few people say this recently but a few years ago, there was pretty much no reason to buy Bitcoin unless you were trying to buy drugs, weapons, or illegal porn online. It's only recently that it's really taken off as a legitimate investment source.

As for the OP, I agree that not enough people use Bitcoin for it to be a viable way to spange. not to mention all the extra steps it would require as opposed to being handed a five dollar bill and using it anywhere for anything you want.
 

bushhippie

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I've heard a few people say this recently but a few years ago, there was pretty much no reason to buy Bitcoin unless you were trying to buy drugs, weapons, or illegal porn online. It's only recently that it's really taken off as a legitimate investment source.

As for the OP, I agree that not enough people use Bitcoin for it to be a viable way to spange. not to mention all the extra steps it would require as opposed to being handed a five dollar bill and using it anywhere for anything you want.


one of my moms friends was living with us for a while. he was totally into bitcoin. he told me it would be such a good investment. i wish id done it. i could travel and build an off grid retreat and invite EVERYONE I MEET to come chill
 

Dameon

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No thanks; a few people might give a bit of bitcoin, but there's almost nowhere to spend them, and I feel like the perception you give off asking for bitcoins might even be a turn-off to some of your audience. It could work in Silicon Valley, but anywhere else, I think it puts off the wrong vibe in multiple ways. I feel like it'd work a lot like getting tipped in foreign money, you set it aside until you forget about it or lose it, and you never quite get enough together to make it worth it, and you feel like it's a ripoff in the first place because no matter how much it's theoretically worth, you can't even buy a cup of coffee with it which makes it worth zero dollars.
 

Jerrell

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What does a crypto-currency do in an EMP event.
C'mon man, OP just tryin' to get a sammich man. Everyone knows it's about precious metals like brass and lead after an EMP.

As far as Bitcoin, I'd say the "wallet" doesn't weigh anything and it'd be funny to whip out on someone being a smartass saying they only use bitcoin. haha
As stated above, the masses don't know or understand what bitcoin is. Probably because they can't touch it and no brokers are shoving it down their throat as a retirement option. Still, if it doesn't cost you anything in $ or weight to have a bitcoin wallet, then it's always another weapon in the busking arsenal. Just definitely follow the public/private address advice.

Also, from what I've read about the bitcoin wallet, it's a public and private "key," not "address"....but I've never had a need for cryptocurrency so it could be that different terms are used in different countries.
DO NOT lose your private key. I've heard of people losing theirs and not being able to recover their funds. Ever. It's pretty easy to back up the file from what I've read though.
 
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Dontaskme

Dontaskme

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I agree that not enough people use Bitcoin for it to be a viable way to spange.
I can see that. I thought that with all the current hype, more people would be jumping on board. I'd sure like to test it out and see what kind of reaction I get.

but there's almost nowhere to spend them, and I feel like the perception you give off asking for bitcoins might even be a turn-off to some of your audience
Quite right. It's like trying to buy dinner with gold dust. I have seen random restaurants accept BTC but that was before the big increase in value. It would be something you have out there and check the balance every so often and cash out when you feel like.

I thought about it being a turn off as well. Tell you what, when I'm set up in the way to busk, I'll employ some research methods I learned about, (independent measures study) and record the stats haha :D
 
OP
Dontaskme

Dontaskme

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Still, if it doesn't cost you anything in $ or weight to have a bitcoin wallet, then it's always another weapon in the busking arsenal.
Yeah, I should've stressed this. It's free and no risk. But as @Dameon said, it may hurt your busking revenue depending on your audience, locale. I'm just interested to see what the results are.
 

Dutch

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.. and with all the current hype, everybody and their mother has a Bitcoin wallet with $20 in it.
Very few people actually own bitcoin. And if I did I'm not going thru the steps needed to transfer them to some dude who probably won't be able to use it anywhere.

And because they fluctuate in value so much I'm not giving you $5 worth of bitcoin when what I gave you might be worth $50 in a couple days.
 
OP
Dontaskme

Dontaskme

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Very few people actually own bitcoin. And if I did I'm not going thru the steps needed to transfer them to some dude who probably won't be able to use it anywhere.

And because they fluctuate in value so much I'm not giving you $5 worth of bitcoin when what I gave you might be worth $50 in a couple days.
Seems to me that the risk of putting off your audience coupled with the general lack of participation in btc makes this inadvisable. Well, this thread will serve as a definite "NO" to anyone else with such a silly idea! haha
 

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