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Question: you receive 10000 BTC  (Voting closed: May 03, 2014, 04:15:46 PM)
you change them to fiat money immediately - 19 (27.5%)
you change them to fiat money when 1 btc = 1000$ - 11 (15.9%)
you will never change them to fiat money - 39 (56.5%)
Total Voters: 69

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Author Topic: What would you do if...  (Read 2090 times)
Beliathon
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April 19, 2014, 07:36:54 AM
 #21

I will exchange 90% to fiat, and then donate it all to charity.
Charity in capitalism is unethical.

What's needed is solidarity. Solidarity, reason, and social justice.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
bitcasino (OP)
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April 19, 2014, 10:31:58 AM
 #22

The lame version: switch half to fiat, hold the rest.. Wink
No No you can't! only 3 choices  Cheesy
Can I at least get spend whatever I have at some point in time?

Edit: Given the 3 choices, I will switch to fiat immediately. Then I would be free to do whatever I wanted with the fiat and not be bounded by the constraints of this stupid poll.
"I will switch to fiat immediately" > maybe you don't believe in bitcoin
"stupid poll" > it is insulting to all the people who participated in the poll
"bounded by the constraints" > bounded by your arrogance is more appropriate

I hope Soros Shorts and Odolvlobo will not discourage new people to post polls, good or not.

bryant.coleman
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April 19, 2014, 10:41:58 AM
 #23

If I receive 10,000 BTC, then I'll:

1) Convert BTC1,000 to fiat (USD)
2) Dump my current citizenship and get a new St Kitts citizenship (costs $400,000)
3) Once I receive my new citizenship, I'll convert BTC4,000 to cash
4) Will keep the remaining BTC5,000
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April 19, 2014, 10:49:40 AM
 #24

I'll just change everytime a spike comes up, sell when it stabilizes and wait for the next spike  Grin I earned ~60BTC with this method (but lost some as well Sad Tongue )
Kluge
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April 19, 2014, 10:58:02 AM
 #25

Hire massive team of exterminators to eliminate all fast-moving non-essential insects (especially the abominations, your sibling-, mate-, and mother-eaters) from the world, paid in BTC. A primary priority will be eliminating the major killers: the tse tse fly, mosquitos, and poisonous spiders. Collect donations once significant progress has been made to continue making the world more pleasant. We'll eventually move on to poisonous small animals (snakes, frogs), then start a global project to kill off all wild deer and have them contained in specialized ranches, which will save thousands of human lives before we go for the final operation: eliminating jellyfish (quit pissin' on my leg, dad - goddammit!) and all dangerous-to-humans, non-essential sea creatures.

No other animals bother me that I can think of. Our exterminators will be paramilitary in case Greenpeace shows up.
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April 19, 2014, 12:28:36 PM
 #26

http://en.wikipedia.org/wiki/Mosquito_laser

http://www.youtube.com/watch?v=BKm8FolQ7jw

dreams are being turned into reality at an ever increasing rate via technology.
Soros Shorts
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April 19, 2014, 12:40:54 PM
 #27

The lame version: switch half to fiat, hold the rest.. Wink
No No you can't! only 3 choices  Cheesy
Can I at least get spend whatever I have at some point in time?

Edit: Given the 3 choices, I will switch to fiat immediately. Then I would be free to do whatever I wanted with the fiat and not be bounded by the constraints of this stupid poll.
"I will switch to fiat immediately" > maybe you don't believe in bitcoin
"stupid poll" > it is insulting to all the people who participated in the poll
"bounded by the constraints" > bounded by your arrogance is more appropriate

I hope Soros Shorts and Odolvlobo will not discourage new people to post polls, good or not.


Nope, I will convert the fiat back to BTC. I will probably keep 25% forever. The rest I may sell at some point in the near future, or keep for a much longer period depending on market conditions. But you never gave me that choice. The only option you gave that would give me immediate control of the fiat/BTC and allow me to do whatever I wish from that point on was the option to sell the BTC immediately.
dogechode
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April 19, 2014, 02:22:43 PM
 #28

"I will switch to fiat immediately" > maybe you don't believe in bitcoin

Or maybe you still basically can't buy jack shit with bitcoin? I'm just being honest here. Like it or not, btc is still basically just an investment vehicle and anyone who keeps all of their capital in one narrow investment is begging for trouble. Diversification = not losing all your money one day because of a random negative event.
Kluge
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April 20, 2014, 02:53:59 AM
 #29

http://en.wikipedia.org/wiki/Mosquito_laser

http://www.youtube.com/watch?v=BKm8FolQ7jw

dreams are being turned into reality at an ever increasing rate via technology.
Holy shit! We have MOSQUITO LASER AUTO-TURRETS! That may be even cooler than Bitcoin.

Assuming 500 average dead per day per $50 unit, with a $50M investment, we could be knocking off ~500M mosquitoes per day, or >182B mosquitoes per year. Guesstimates on global mosquito population vary wildly, but it looks like it's somewhere between 100T-1Q, with an estimated annual birthrate of ~200B-1T. Combined with already-used pesticides (another everything-killer which can be put out of commission), our unfortunate flying friends who eat the mosquitoes, and a much bigger investment ($50M for 600k-3M human lives per year is crazy-greedy -- it'd probably be more like a $1-5T investment), we have a pretty solid chance of eliminating mosquitoes within a few decades with a rapid decrease in population as soon as units are produced in mass-scale.

I'd guess mosquitoes make for decent compost, too. I wonder if you'd end up with a noticeable giant blood stain if it were set up over asphalt...

I'm changing my answer to mosquito laser purchases and NPO funding for mosquito lasers.

ETA: Numbers are way off and can't really be measured per annum. Birthrate must be way higher given mosquitoes only live ~3-100 days.
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April 21, 2014, 08:18:16 AM
 #30

wow!
I vote the first term.
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April 21, 2014, 11:56:55 AM
 #31

Got to say it's a surprise so many choosing the immediately convert to fiat option Sad
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April 21, 2014, 01:13:04 PM
 #32

Selling 10,000 BTC immediately would probably crash the price.
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April 21, 2014, 02:49:22 PM
 #33

I think you may add another choice:  you change 5000 BTCs at once and keep 5000 BTCs in your wallet. Grin

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jparsley
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April 21, 2014, 03:05:00 PM
 #34

Well il convert some to fiat and use the rest to build a very big mining rig.

please unban me.
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April 21, 2014, 06:42:10 PM
 #35

I would ....



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mikerbiker6
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April 21, 2014, 08:13:32 PM
 #36

But from who did you get it?
Can you live with the fact that some poor soul may have send his coins to the wrong adress? your adress.

Participate and Earn on the Letstalkbitcoin forum letstalkbitcoin.com
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April 21, 2014, 08:18:40 PM
 #37

I would give away almost half (OK closer to 30%) because giving them away would be a blast and I would owe less taxes.  Smiley
Then, ~30% into cash and the rest stays in BTC and alts.

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April 21, 2014, 10:22:41 PM
 #38


Change in 2k.
Keep the rest until btc has been adopted worldwide...or is worthless Cheesy
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April 21, 2014, 10:33:54 PM
 #39

Honestly since there's only 3 options, I'd do B or convert to fiat when it reaches $1000.  I could always re-invest back to BTC, but also take care of any bills, debt, family I have immediately.

If there was a half/half choice, I would really pick that.  Half Fiat/Half BTC.

CharityAuction
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ColdScam
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April 21, 2014, 11:16:18 PM
 #40

I will invest half in something big (online) and exchange the other half and invest them too (real life) Smiley.
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