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Author Topic: What would you do with 10,000 Bitcoins?  (Read 1589 times)
Elwar
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March 22, 2013, 01:17:55 AM
 #1

Say you and 9 buddies with 1k BTC each got together to spend 10k BTC, what would you spend it on?

And you are actually spending it, not just holding it and watching it rise (unless it is to wait until a certain price to pay for something).

Either to help Bitcoin, help yourselves, help others, etc...

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Tirapon
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March 22, 2013, 01:23:01 AM
 #2

Would be nice to start a bitcoin business; help to grow the economy as a whole, which would in turn help to increase the value of bitcoin. We could do with something like bitcoinstore in Europe.
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March 22, 2013, 01:29:22 AM
 #3

Can't hold onto any of it? Then I'd dump it all into ASIC tech, and hopefully have double the amount of bitcoins by the next year.

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March 22, 2013, 01:42:14 AM
 #4

The same thing I would do with the equivalent usd. Houses, cars and hookers. Only without the hookers.

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March 22, 2013, 01:54:26 AM
 #5

When hookers finally take bitcoin, we have won the currency war...

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March 22, 2013, 04:26:37 AM
 #6

Say you and 9 buddies with 1k BTC each got together to spend 10k BTC, what would you spend it on?

And you are actually spending it, not just holding it and watching it rise (unless it is to wait until a certain price to pay for something).

Either to help Bitcoin, help yourselves, help others, etc...

If I understand your post correctly I think you guys are really awesome!

Keep in mind that by helping Bitcoin you will most likely be helping also yourselves and others Smiley.

If I had that amount to spend I would probably try to open up a new market for Bitcoin with the focus on helping people to (re-)gain control over their own issues.

First thing that comes to my mind is to use the money to install as many Bitcoin-exchange-shops in Africa as possible so expats don't have to use WU and the like anymore and can send back their hard earned money without loosing 15 or 20 percent, which their families could then spend on food. We are talking billions every year that could be spent on food instead of transaction fees.

This way you could help a few hundred people to start their own business (the exchange shops) or get a job (if you would run the shops yourself and employ them), you could nail them down to a reasonable fee and you would promote Bitcoin like fuck. Once Bitcoin gets established the shops would get obsolete as people would quickly learn how to receive Bitcoin without them. But right now it would need the shops to start the whole process.

And you would hit some banksters where it hurts them the most, cutting down their profits. Hell, you would probably start the end of WU and Moneygram Smiley.

Go!

Joe





 

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March 22, 2013, 11:03:22 AM
 #7

Do what paypal did and give away $5 to every new user  Tongue

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March 22, 2013, 01:29:56 PM
 #8

Say you and 9 buddies with 1k BTC each got together to spend 10k BTC, what would you spend it on?

And you are actually spending it, not just holding it and watching it rise (unless it is to wait until a certain price to pay for something).

Either to help Bitcoin, help yourselves, help others, etc...
That's a good question. I think i'll donate some of them and with the rest i'll buy the things i like.

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March 22, 2013, 01:32:16 PM
 #9

Sell them all at once.

*edit* Buy USD, perhaps a few yuan too.

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March 22, 2013, 01:34:05 PM
 #10

Sell them all at once.
Sell them for this price? Hmm, i don't think so. Just wait the 500$/btc bubble  Cheesy

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March 22, 2013, 01:36:06 PM
 #11

Sell them all at once.
Sell them for this price? Hmm, i don't think so. Just wait the 500$/btc bubble  Cheesy

But what if it is a 100$/btc bubble?
How do you know?

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veteranBtc
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March 22, 2013, 01:38:01 PM
 #12

Sell them all at once.
Sell them for this price? Hmm, i don't think so. Just wait the 500$/btc bubble  Cheesy

But what if it is a 100$/btc bubble?
How do you know?
That's the thing, you never know!

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March 22, 2013, 04:53:38 PM
 #13

Something with an everlasting positive effect, a direct injection of love into society, buy a bunch of psychedelics and give them away for free.

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English <-> Portuguese translations


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March 22, 2013, 05:31:16 PM
 #14

Something with an everlasting positive effect, a direct injection of love into society, buy a bunch of psychedelics and give them away for free.

Except the part of psychedelics, looks like more a child's innocent dream.

English <-> Brazilian Portuguese translations
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March 22, 2013, 05:44:27 PM
 #15

If the stipulation is that I have to get rid of them, I'd dedicate my life to out-tipping hardleft121. Which may be an exercise in futility.

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March 22, 2013, 11:17:15 PM
 #16

Send 1 million pizzas to the white house.

mufa23
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March 23, 2013, 01:12:20 AM
 #17

Send 1 million pizzas to the white house.
I like this guy.

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March 23, 2013, 10:40:28 PM
 #18

Say you and 9 buddies with 1k BTC each got together to spend 10k BTC, what would you spend it on?

And you are actually spending it, not just holding it and watching it rise (unless it is to wait until a certain price to pay for something).

Either to help Bitcoin, help yourselves, help others, etc...

If I understand your post correctly I think you guys are really awesome!

Keep in mind that by helping Bitcoin you will most likely be helping also yourselves and others Smiley.

If I had that amount to spend I would probably try to open up a new market for Bitcoin with the focus on helping people to (re-)gain control over their own issues.

First thing that comes to my mind is to use the money to install as many Bitcoin-exchange-shops in Africa as possible so expats don't have to use WU and the like anymore and can send back their hard earned money without loosing 15 or 20 percent, which their families could then spend on food. We are talking billions every year that could be spent on food instead of transaction fees.

This way you could help a few hundred people to start their own business (the exchange shops) or get a job (if you would run the shops yourself and employ them), you could nail them down to a reasonable fee and you would promote Bitcoin like fuck. Once Bitcoin gets established the shops would get obsolete as people would quickly learn how to receive Bitcoin without them. But right now it would need the shops to start the whole process.

And you would hit some banksters where it hurts them the most, cutting down their profits. Hell, you would probably start the end of WU and Moneygram Smiley.

Go!

Joe





 
+1 It is a good idea
http://www.bitcoinmoney.com/post/43984456509/guardian-remittances-around-the-world-the-photo

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veteranBtc
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March 23, 2013, 10:50:09 PM
 #19

Send 1 million pizzas to the white house.
What?

That's the craziest idea i ever heard.

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March 26, 2013, 12:33:48 AM
 #20

Buy a Arduino Mega from bitmit and build a laser scanner show Grin

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