Bitcoin Deletion Foundation - save humanity.

[steelhouse]

What I want to do is create a foundation larger than the Bill and Melinda Gates Foundation.  This foundation presently has about $20 billion in assets.  The Giving Pledge is a campaign to encourage the wealthiest people in the world to make a commitment to give most of their wealth to philanthropic causes. The campaign specifically focuses on billionaires (or those who would be billionaires if not for their philanthropy) and was made public in 2010 by Warren Buffett and Bill Gates.

What I want this foundation to do is one thing and one thing only (and it will probably do more humanity than any foundation to date) buy and delete bitcoin.

Thus with $20 billion you probably could delete 3 million in coins a year, until the price rises creating a massive deflation.  Like the Dutch Golden Age when the Amsterdam bank operated as a full reserve bank leading to a little country leading the world in everything.  Bitcoin will rise to the worlds reserve currency.  Deflation is the key you want people getting wealthier holding a currency so they can take equity positions as choice as oppose to bankers loaning fixed securities of others peoples money as government dictates.  The middle class will rebuild and the lawyers, bankers, politicians, and professors will lose their power to make us their slaves.

If bitcoin were to fail, the assets would transfer to the next highest cryptocurrency coin by marketcap for deletion.

[Ektra]

That's retarded. Buying and holding would have the same effect on supply, only without the 'pissing money down the drain' effect for the buyers.

[Meuh6879]

steal money from bankster = save your money in bitcoin.



clear.



simple.