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Question: If a Fortune 100 company offered to buy bitcoin. How much would you settle for? The other stipulation is that they require 90% of all available Bitcoin.
$20 - 15 (12.1%)
$50 - 3 (2.4%)
$100 - 12 (9.7%)
$300 - 6 (4.8%)
$500 - 6 (4.8%)
$1000 - 23 (18.5%)
I would refuse any offer - 36 (29%)
$10,000 - 14 (11.3%)
One MILLION dolars muhuhaha! - 9 (7.3%)
Total Voters: 123

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Author Topic: Bitcoin buyout.  (Read 2639 times)
cbeast
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February 14, 2012, 12:18:57 AM
 #1

If a Fortune 100 company offered to buy bitcoin. How much would you settle for? The other stipulation is that they require 80% 90% of all available Bitcoin.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 14, 2012, 12:23:33 AM
 #2

Is it 80% or 90%?
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February 14, 2012, 12:25:59 AM
 #3

Even $20 is high.  I'd happily sell out for 2x market value and just roll it over into Bitcoin2.

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February 14, 2012, 12:30:13 AM
 #4

Maybe I'm misunderstanding the question, but if a Fortune 500 company wanted to buy 90% of all the Bitcoin why wouldn't they just get online and buy it for the current market rate?   If I'm misunderstanding, please clarify what the poll prices represent.   Bitcoin users can't sell Bitcoin itself, the operation I mean ...


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February 14, 2012, 12:31:27 AM
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Maybe I'm misunderstanding the question, but if a Fortune 500 company wanted to buy 90% of all the Bitcoin why wouldn't they just get online and buy it for the current market rate?   If I'm misunderstanding, please clarify what the poll prices represent.   Bitcoin users can't sell Bitcoin itself, the operation I mean ...

If a Fortune 100 company offered to buy bitcoin. How much would you settle for? The other stipulation is that they require 80% of all available Bitcoin.

Yes, the question is a bit ambiguous.

Are you asking:

How much would you settle for in terms of USD/Bitcoin?

or

How much would you settle for in terms of USD for 80% of all Bitcoins?

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February 14, 2012, 12:52:37 AM
 #6

Pretty clearly the former.  $1000 for 80% of everything is not plausible.

@fm1234:  A market order for 80% of everything would buy all the order books and then leave them waiting for anyone to make an offer, and they'd be stuck taking ANY offer (which would go sky high).  It would have to be an all-or-nothing order, which some exchanges allow.

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February 14, 2012, 01:11:21 AM
 #7

Why would a company ever want to buy all the bitcoins? Even if they do get control of the economy, people would just stop using bitcoins.

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February 14, 2012, 01:15:30 AM
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Pretty clearly the former.  $1000 for 80% of everything is not plausible.

Nothing in the question is plausible. Anyone can start a new blockchain.
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February 14, 2012, 02:51:21 AM
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I'm sensing the OP misunderstands what Bitcoin is and how it works..

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

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February 14, 2012, 03:25:23 AM
 #10

No one could stop the spreading of bitcoin world.

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February 14, 2012, 03:54:42 AM
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I'm sensing the OP misunderstands what Bitcoin is and how it works..
To be clear. If a business has billions in cash sitting around and were willing to buy 7.5 milliom bitcoins, how much would each bitcoin be worth to you? Let's just say that the would require ID and a contract to sell. The contract would be null and void if they did not receive 90% of the outstanding bitcoin. This is an excercise to find what people feel bitcoin is worth. The remaining 12.5 M bitcoin are still still up for grabs by miners.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 14, 2012, 04:05:29 AM
 #12

how much would each bitcoin be worth to you?

i'd settle for $100 each.

Let's just say that the would require ID and a contract to sell.

oh now i gotta send ID to someone and sign a contract? better make it $10,000 each for the inconvenience and privacy issues / red tape.
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February 14, 2012, 04:21:26 AM
 #13

The market most likely will suffer forever. The remaining 20% can crash in price anytime since the fat guy can release his coins and crash the price.

If I had unlimited resources and I wanted to buy 80% of bitcoins available I will do it stealthy and with current market price. This also inevitably will drive the price up.

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cbeast
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February 14, 2012, 04:48:50 AM
 #14

how much would each bitcoin be worth to you?

i'd settle for $100 each.

Let's just say that the would require ID and a contract to sell.

oh now i gotta send ID to someone and sign a contract? better make it $10,000 each for the inconvenience and privacy issues / red tape.

Ok, changed it. The million dollars would not be possible by any single country (I think), but you never know.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 14, 2012, 06:15:54 AM
 #15

If you said "I would refuse any offer", you're lying.
cbeast
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February 14, 2012, 06:37:48 AM
 #16

If you said "I would refuse any offer", you're lying.
I think this would be a simple rebellion against the status quo and faith in the success of Bitcoin. Long Live Bitcoin!

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 14, 2012, 01:01:24 PM
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I'm sensing the OP misunderstands what Bitcoin is and how it works..
To be clear. If a business has billions in cash sitting around and were willing to buy 7.5 milliom bitcoins, how much would each bitcoin be worth to you? Let's just say that the would require ID and a contract to sell. The contract would be null and void if they did not receive 90% of the outstanding bitcoin. This is an excercise to find what people feel bitcoin is worth. The remaining 12.5 M bitcoin are still still up for grabs by miners.

Oh ok, $50000 a pop would be enough in my case then. And I'd make sure to keep a few BTC cents.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

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February 14, 2012, 02:57:37 PM
 #18

I put $1000 per.  With that I could finish paying off my house, and be tied to the banks no more! Smiley
 
I'd save at least one coin, maybe transferring at least one coin to other wallets I have.  But I'd definitely get my house paid off.

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February 14, 2012, 03:05:35 PM
 #19

How much would I settle for so that someone can buy all Bitcoins? This makes no sense and should not be allowed according to the rules this economy agreed to work on. I refuse all offers that include anything but normal trading of exactly the coins I have.

Just to make this clear, I don't treat Bitcoin as a democracy. People do not have the right to sell "all of Bitcoin". If someone wants to buy every last coin, he has to do it normally, and this should be impossible.

If you want to have "just" the majority of my coins... try a rally right now, you might get them before double-digits. That's speculation for 'ya. Cool
cbeast
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February 14, 2012, 03:10:39 PM
 #20

How much would I settle for so that someone can buy all Bitcoins? This makes no sense and should not be allowed according to the rules this economy agreed to work on. I refuse all offers that include anything but normal trading of exactly the coins I have.

Just to make this clear, I don't treat Bitcoin as a democracy. People do not have the right to sell "all of Bitcoin". If someone wants to buy every last coin, he has to do it normally, and this should be impossible.

If you want to have "just" the majority of my coins... try a rally right now, you might get them before double-digits. That's speculation for 'ya. Cool
I did say 90%, not all. I guesstimate 5% are lost and folks would hang onto a few percent. This is purely hypothetical and is highly unlikely to happen. So you do have a price, you just won't say.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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