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Author Topic: I just got 100k bitcoins (donation), what should I do?  (Read 4116 times)
bb113
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February 26, 2012, 07:10:39 PM
 #1

 Grin

This is hypothetical, imagine I am the guy who runs erowid.
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February 26, 2012, 07:12:20 PM
 #2

Grin

This is hypothetical, imagine I am the guy who runs erowid.

Donate half of them to Armory and go long on bitcoinica with the rest.
bb113
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February 26, 2012, 07:21:11 PM
 #3

good answer Shocked
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February 26, 2012, 07:23:27 PM
 #4

did they seriously get 100k donated?
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February 26, 2012, 07:28:01 PM
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Quote
I just got 100k bitcoins (donation), what should I do?

Stop lying?  Cheesy Or even better: Wake up!

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February 27, 2012, 07:40:23 AM
 #6

Open an exchange that sells them for a dollar each.

5 BITCOIN RAFFLE GIVEAWAY
"I dont lift" - Lord Furrycoat
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February 27, 2012, 07:59:59 AM
 #7

Dear bitcoinbitcoin113,

An anonymous donor has donated 100K to you. You are completely free to do what you want with it. But the money is held in a trust account and to release it, you need to send 100BTC to 1NigerianPrince673yehdnnsk2Fgen
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February 27, 2012, 08:15:52 AM
 #8

need to keep wallet in various hard drives and DVD, flash OFFLINE. Nothing to do. Wait. Periodically monitor the release of new versions of the agent system tray bitkoin. Everything - or Nothing!

Donate me) 16f6iWHHkVEnDReeBQPT9GwCNwUfPTXrp2
stochastic
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February 27, 2012, 05:50:26 PM
 #9

A speculation forum is about the speculation of bitcoin price, not speculation of what you would do winning a lot of bitcoins.

Introducing constraints to the economy only serves to limit what can be economical.
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February 27, 2012, 06:15:03 PM
 #10

Give ~50% to pirate@40 and live on the interest

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February 27, 2012, 06:49:20 PM
 #11

Give ~50% to pirate@40 and live on the interest

I'd be amazed if he could handle such a deposit. Shocked

(BFL)^2 < 0
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February 28, 2012, 12:40:25 AM
 #12

Grin

This is hypothetical, imagine I am the guy who runs erowid.

Am I mistaken, or has nobody answered the implied hypothetical question?

If bitcoinbitcoin113 is speaking hypothetically as the guy who owns/operates erowid.org, then the following will address your questions and concerns. There are no other strings attached besides embedding and keeping the Bitcoin donation option on your website. You are free to do with the funds as you wish, just as you would with all your other donations. You can easily convert the bitcoins to fiat of which we would provide you all the assistance needed to do such. A better option does exist, one we hope you would take full advantage of. Surely, there are things you purchase every day, paid for with donated funds, albeit via your bank account. You can go now go shopping at a myriad of online stores and purchase some of those items you currently need around the office. If it's coffee products, I suggest bitbrew.com. Updating your computers, I suggest memorydealers.com. (I can easily make a longer list here, but opt to stop, for this is only a hypothetical situation, one of which I'm trying to drive a point home) I hope this reply answers your immediate questions and concerns. Feel free to bug us anytime at Bitcoin 100, for without you, there wouldn't be an us.

This is the type of reply I would give if asked that question in RL, albeit a tad more professional. (sorry for not editing grammar or spelling)

~Bruno~
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February 28, 2012, 03:42:57 AM
 #13

I'd convert about half to precious metals. The rest I'd save, investing some in Bitcoin projects.

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John (John K.)
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February 28, 2012, 06:11:15 AM
 #14

I'd convert about half to precious metals. The rest I'd save, investing some in Bitcoin projects.
+1
Or real estate too.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

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February 28, 2012, 06:20:40 AM
 #15

Start a contest for the best FPGA implementation for BTC mining
2500 BTC for best in MHash/Watt and MHash/$
1000 BTC for best in MHash/Watt
1000 BTC for best in MHash/$

1000 BTC bonus if a cheap DIY energy solution is used.

Donate some to orphanage and poor kids programs.
Open a homeless shelter for homeless families.
With the rest buy some farm land and other real estate.


BTC: 1JgPAC8RVeh7RXqzmeL8xt3fvYahRXL3fP
Phinnaeus Gage
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February 28, 2012, 08:41:22 AM
 #16

I don't know how I missed it, but I read the title of this thread as 100 BTC and not 100k bitcoins, hence my reply above. I truly thought this thread was in reference to Bitcoin 100, and kept scratching my head as I read each reply. Then I scratched through the scalp when I  read theymos's reply and went to bed. I swore that everyone was posting off topic but me. I now see that I'm the nutcase. Sorry about that, folks.

Now that I'm on the right page, allow me to offer up my suggestion. erowid.org could open up a manufacturing plant with their 100K windfall and start producing art glass.


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February 28, 2012, 06:21:16 PM
 #17




This.

Buy a lot of bongs and weed and blow your mind.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
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February 28, 2012, 06:26:37 PM
 #18

You should donate me 50% of yours 100k btc, so I become happy, and world turns good for a little while Smiley

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February 28, 2012, 08:25:54 PM
 #19

That's actually (sadly) not a lot of money (nowadays you need at least $1.5mil USD to retire comfortably). I would keep at least half in Bitcoin in offline wallets, 40% in a Vanguard Total Stock Market mutual fund, and remaining 10% in a Bond Fund mutual fund, then only use the money if I really need it, saving it for retirement. Basically turn it into a giant emergency buffer fund / retirement savings. Using it to pay off loans and mortgages is stupid unless your loans and mortgage have 10+% interest.

bb113
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February 29, 2012, 02:18:32 AM
 #20

No "two girls at the same time"?
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