As of late, the YouTube channel MrBeast has been in the news for his latest stunt – giving away $50,000 worth of Bitcoin to 20 lucky people.
The giveaway was simple – MrBeast set up a website with 20 addresses, each with a unique key. To enter, people had to go to the website and send 0.
01 BTC to one of the addresses. The first 20 people to do so would each receive 1 BTC.
As expected, the giveaway was a massive success, with over 20,000 people entering. However, there was a major problem – due to the high volume of transactions, the Bitcoin network became congested and fees soared. This meant that many people who sent their transaction too late had to pay exorbitant fees, sometimes even more than the amount they were trying to send!
NOTE: This article may contain inaccurate or misleading information about MrBeast and/or his Bitcoin money. Please use caution when reading and do your own research to verify any claims made. Be aware that different sources may have conflicting information and always be sure to check the credibility of the source.
MrBeast has since come under fire for his stunt, with many people accusing him of causing unnecessary congestion on the Bitcoin network. However, he has defended his actions, saying that he was just trying to promote Bitcoin adoption.
So did MrBeast get his Bitcoin money? Yes, he did – but at the expense of many other people who had to pay high fees as a result of his giveaway.
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