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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 2637 times)
finway
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February 14, 2012, 03:14:55 PM
 #21

TradeHill go,
Some OPEN_MIND BANK jump in.
I say $300

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February 14, 2012, 03:15:15 PM
 #22

How ridiculous this question is ... "I would refuse any offer" got 36%. That is more than 10% (of the users (of a small sample of all users)). End of debate.

You never know if there is not already a company owning 90% of all bitcoins. Maybe paxum decided to buy in so the just dropped the price a bit yesterday.

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February 14, 2012, 03:23:06 PM
 #23

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.

Well, I have one for 90% of my Bitcoins. But, for one it changes all the time, and more importantly, I can't tell what other people would charge for their Bitcoins, or how many are lost exactly, etc. I can answer a lot about what I would do, but "all of Bitcoin" appears fairly illiquid to me, so who knows what would happen? The offer itself would value Bitcoin high enough for those who keep them, no? Hard to think in this kind of scenario.

It's not just that I'm not telling, I can't decipher the question in a way that gives a clear result. Either it's my current speculation price, which I won't tell of course and is probably below the lowest entry in the list, or it's some price that is affected by the fact that some large company decided something concerning Bitcoin -- which is too fuzzy in this formulation. that said, I wouldn't know how to answer if I wanted to.
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February 14, 2012, 03:31:49 PM
 #24

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.

Well, I have one for 90% of my Bitcoins. But, for one it changes all the time, and more importantly, I can't tell what other people would charge for their Bitcoins, or how many are lost exactly, etc. I can answer a lot about what I would do, but "all of Bitcoin" appears fairly illiquid to me, so who knows what would happen? The offer itself would value Bitcoin high enough for those who keep them, no? Hard to think in this kind of scenario.

It's not just that I'm not telling, I can't decipher the question in a way that gives a clear result. Either it's my current speculation price, which I won't tell of course and is probably below the lowest entry in the list, or it's some price that is affected by the fact that some large company decided something concerning Bitcoin -- which is too fuzzy in this formulation. that said, I wouldn't know how to answer if I wanted to.
If you don't think it's going to go up much then think about what you would sell it for. Remember there are still 12.5M more Bitcoin available in the future. This would not be a full buyout of all Bitcoin. You could always get back in the game at whatever level you think it would be after such a buyout.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 15, 2012, 05:50:37 AM
 #25

$10,000 is ballpark assuming adjustment for inflation.

A better metric for me would be gold, and my ballpark valuation would be 1BTC/ounce-AU (since I consider gold to be undervalued at this time.)


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