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Title: If you had 1,000,000 bitcoins, what would you do with them? Post by: imperi on June 12, 2011, 04:41:52 AM I think that I would sell 200 every day and live off of them, and hoard the rest. And I'd definitely quit my job, working sucks (even tho my software engineering job is fine, I just don't like working).
edit: I changed my mind. I would convert 2000 bitcoins a day to dollars, until I have 500,000 left. And then have half bitcoins and the rest dollars. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: evoorhees on June 12, 2011, 04:56:15 AM I'd spend some portion of it to hire programmers and designers to help me build a bad-ass bitcoin related business. Would also spend some to hire professional GUI designers to make the client much better. I'd produce a motion-graphics video explaining true monetary economics to laymen so that they would understand why Bitcoin is revolutionary. I'd try to find other entrepreneurs and seed-fund their ventures if they seemed profitable.
Basically, I'd be a capitalist, because I'd have real capital instead of this ridiculous toilet paper we call Federal Reserve Notes. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: Anonymous on June 12, 2011, 05:03:19 AM Use it as capital towards my private military. Use the force according to the desires of the highest moral bidder. Level the playing field, if you will.
Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: imperi on June 12, 2011, 05:08:37 AM Why would you want a private military? The only place you could use it is somewhere with shitty living conditions, without modern conveniences such as 3G wireless.
Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: Tawsix on June 12, 2011, 05:11:33 AM I'd buy you a fur coat (but not a real fur coat, that's cruel.)
Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: bitcool on June 12, 2011, 05:16:43 AM Nobody will be allowed to own 5% of the world's wealth.
You'll die of mysterious diseases, your hoarding will disappear. So the value of these coins gets evenly distributed to the rest of btc world. Sounds scary? Bitcoin Communist Party will make it happen ;) Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: imperi on June 12, 2011, 05:19:37 AM Nobody will be allowed to own 5% of the world's wealth. You'll die of mysterious diseases, your hoarding will disappear. So the value of these coins gets evenly distributed to the rest of btc world. Sounds scary? Bitcoin Communist Party will make it happen ;) Since when is Bitcoin all the world's wealth? Last I checked, it was just a high school student's computer lab project. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: Anonymous on June 12, 2011, 05:19:41 AM Why would you want a private military? The only place you could use it is somewhere with shitty living conditions, without modern conveniences such as 3G wireless. There is a lot of liberty lacking in this world. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: imperi on June 12, 2011, 05:22:02 AM Why would you want a private military? The only place you could use it is somewhere with shitty living conditions, without modern conveniences such as 3G wireless. There is a lot of liberty lacking in this world. Empirically speaking, in this world you can't have liberty and modern conveniences side by side (I mean modern, not 2005-era). So you'd have to give that up. Healthcare and stuff too. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: Anonymous on June 12, 2011, 05:27:29 AM Why would you want a private military? The only place you could use it is somewhere with shitty living conditions, without modern conveniences such as 3G wireless. There is a lot of liberty lacking in this world. Empirically speaking, in this world you can't have liberty and modern conveniences side by side (I mean modern, not 2005-era). So you'd have to give that up. Healthcare and stuff too. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: mellowhead on June 12, 2011, 05:32:57 AM I'd buy you a fur coat (but not a real fur coat, that's cruel.) Lol. Haven't you always wanted a monkey though? But seriously. I'd use my BTC to purchase whatever I needed (and was available) for day to day stuff and I'd also sell some for spending money. Probably buy a boat and go cruising. Ah, dreams... 8) Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: bitcool on June 12, 2011, 06:13:47 AM Since when is Bitcoin all the world's wealth? Last I checked, it was just a high school student's computer lab project. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: westkybitcoins on June 12, 2011, 11:05:10 AM I would distribute them to a network of hundreds of cash/bitcoin exchangers scattered across the U.S. and Canada, and advertise their existence.
Mexico and other continents... you'd be on your own (at least at first.) Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: AntiVigilante on June 12, 2011, 11:27:24 AM I think that I would sell 200 every day and live off of them, and hoard the rest. And I'd definitely quit my job, working sucks (even tho my software engineering job is fine, I just don't like working). edit: I changed my mind. I would convert 2000 bitcoins a day to dollars, until I have 500,000 left. And then have half bitcoins and the rest dollars. I would loan them. I already loan a few. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: Findeton on June 12, 2011, 11:29:37 AM I would invest them in more mining. I would create new businesses around bitcoin. I would hire some programmers to take care of the software development to make it easier to use and more secure.
The objective is to add value to those bitcoins, giving credibility to it's economy. And at the same time, mining would provide myself more bitcoins. Also, if I saw bitcoin's price rises too quickly I would short some of it, in order make possible a steady growth (and at the same time earn some more bitcoins). Also, I would cash out 10% of it to give me some security in case bitcoin goes down. That money would go to gold, petrol, silver... not dollars. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: AntiVigilante on June 12, 2011, 11:35:03 AM I would invest them in more mining. I would create new businesses around bitcoin. I would hire some programmers to take care of the software development to make it easier to use and more secure. The objective is to add value to those bitcoins, giving credibility to it's economy. And at the same time, mining would provide myself more bitcoins. Also, if I saw bitcoin's price rises too quickly I would short some of it, in order make possible a steady growth (and at the same time earn some more bitcoins). Also, I would cash out 10% of it to give me some security in case bitcoin goes down. That money would go to gold, petrol, silver... not dollars. This is why prices continue to rise. Title: Re: If you had 1,000,000 bitcoins, what would you do with them? Post by: Findeton on June 12, 2011, 11:42:49 AM I would invest them in more mining. I would create new businesses around bitcoin. I would hire some programmers to take care of the software development to make it easier to use and more secure. The objective is to add value to those bitcoins, giving credibility to it's economy. And at the same time, mining would provide myself more bitcoins. Also, if I saw bitcoin's price rises too quickly I would short some of it, in order make possible a steady growth (and at the same time earn some more bitcoins). Also, I would cash out 10% of it to give me some security in case bitcoin goes down. That money would go to gold, petrol, silver... not dollars. This is why prices continue to rise. Bitcoin is a great idea. My only concern is for SHA2 (how much will it last). But long before SHA2 gets into real trouble we can switch to another algorithm, maybe SHA3. So no real problem. |