What are you going to do, when (if) bitcoin hit $1000/BTC?

[dingus]

I will not worry about making money in order to feed / support myself. 

[joeydangerous]

I don't have enough coins yet to become a millionaire, but I'd do the same as dlingus, I'd quit working and live my dream of drawing a webcomic full time and also make a video game at some point.

[asdf]

Pay off my student loans so the assholes will stop calling me.

If you loans are at a fixed interest rate, pay them off as slow as possible. Inflation will eat it up and, assuming you're in the USA, you're gonna get some serious inflation!

[gigabytecoin]

A good quote I once heard went something like this...

"A man who dreams of what he will spend his millions on, will never acquire a million dollars."

More of a proverb I suppose. Think about it.

[theymos]

I'd use it to make more money. Probably I'd start a business or two.

I can't think of many luxury things I want, though I have always wanted an ISP-level Internet connection with a large block of IP addresses. Once I become even more rich, I might buy an island.

[FreeMoney]

I'd use it to make more money. Probably I'd start a business or two.

I can't think of many luxury things I want, though I have always wanted an ISP-level Internet connection with a large block of IP addresses. Once I become even more rich, I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

[marcus_of_augustus]

1) Build up a private lab for developing interplanetary spacecraft propulsion, compact energy sources and esoteric aerospace technologies.

2) Build up a stable of racehorses and an associated breeding stud.

3) Dabble in yacht racing.

4) Corner what's left of the gold market.

5) Hookers and blow ... on the weekends only (or on trips to Langley).

[stakhanov]

Quit my job and only do open source development.

Same here. This has been my dream for a while

[deadlizard]

Hookers and blow, anyone?

+1
Hookers and blow

[caveden]

I might buy an island.

That! Or even better, build my own seastead.
But I don't think a $1000 bitcoin price would be enough for me to do so. I don't have that many bitcoins, unfortunately.

[no to the gold cult]

Buy the government and turn it off 

Um, isn't that what the Koch brothers are already attempting to do?

I'd pay off debts, throw a wild party, and go travel through India and Thailand for a year.

[ribuck]

... I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

One problem with even the most wonderful islands is that they can be lonely places to live, and they usually have no internet connectivity except slow and expensive satellite.

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

[FreeMoney]

... I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

One problem with even the most wonderful islands is that they can be lonely places to live, and they usually have no internet connectivity except slow and expensive satellite.

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

I'm in. See you next year?

[marcus_of_augustus]

If Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

 ... like the Free State project. I've wondered about the feasability of doing this ... Some of these smaller Islands only have a few thousand residents, the outer ones sometimes less. If a group of "free staters" showed up in numbers they could just make the the place its own nation, zero taxes, gold/bitcoin, internet private banking, poker servers, etc .... then what they get blacklisted as a 'non-compliant country' ... so what?

Pick one that is a relay station for some fiber cable for good internet ... close to flight/shipping routes may make it more desirable also.

These ones only have 609 residents and dropping ....

http://en.wikipedia.org/wiki/Chatham_Islands#Population

Fiji is a relay point for fibre crossing but is ruled by a power-mad general at present ...

[theymos]

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

If we can get very high-speed Internet, count me in!

[caveden]

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

Cool, I'd join. The problem is that existent islands are all controlled by governments. I think it's easier to create a seastead, if you want freedom. Technology for that already exists, the only thing missing is either rich people wanting to "retire" like that, or a business model good enough to maintain such seastead - and brave entrepreneurs wanting to take the risks.

[caveden]

If Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

 ... like the Free State project. I've wondered about the feasability of doing this ... Some of these smaller Islands only have a few thousand residents, the outer ones sometimes less. If a group of "free staters" showed up in numbers they could just make the the place its own nation, zero taxes, gold/bitcoin, internet private banking, poker servers, etc .... then what they get blacklisted as a 'non-compliant country' ... so what?

There are fully inhabited islands around the world, if you want. But all controlled by governments.

I'm a bit skeptical about this idea of "taking over" a country with immigration. I think people would react badly to that. Nationals may easily turn against you. They'd see this as a foreign invasion.

[deadlizard]

http://www.privateislandsonline.com/

[TiagoTiago]

I'd probably shower myself with expensive gadgets and toys, among other things

[TiagoTiago]

If Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

 ... like the Free State project. I've wondered about the feasability of doing this ... Some of these smaller Islands only have a few thousand residents, the outer ones sometimes less. If a group of "free staters" showed up in numbers they could just make the the place its own nation, zero taxes, gold/bitcoin, internet private banking, poker servers, etc .... then what they get blacklisted as a 'non-compliant country' ... so what?

There are fully inhabited islands around the world, if you want. But all controlled by governments.

I'm a bit skeptical about this idea of "taking over" a country with immigration. I think people would react badly to that. Nationals may easily turn against you. They'd see this as a foreign invasion.

Just buy a couple mansions on a mainland nearby for everyone.





For people really interested in not dealing with existing governaments at all, if you get like the-IMF-borrows-money-from-you rich or somthing, perhaps you could invest in research for developing means to guide underground magma flows so you can grow your own island (after Sealand they changed the rules so you can just build soil for your new country, but i guess if you had your own volcano lair in the middle of the ocean that was created the same way many accepted sovereign lands have, they might have a hard time coming up with an argument against your own sovereingnity(sp?), and if all else fails, you can hold the world hostage anyway since you now can make volcanos grow into their comercial centers and shit *raises one eyebrow and sticks a pinky in the corner of his smirk*