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Author Topic: What would you do if you had 1 million BTC but couldn't keep any of it?  (Read 2009 times)
MakeBelieve
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November 17, 2014, 01:15:31 PM
 #41

Auction it and help everyone in the world.

How would you auction Bitcoin?  Huh

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NoobKidOnTheBlock
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November 17, 2014, 01:42:11 PM
 #42

It's interesting how many people would wanna keep it to themselves. With ~$400,000,000, you wouldn't want to donate any of it. I'd be happy with half of that amount, let alone the whole million BTC
See that's what I found funny as well is how many people would try and try and try to just keep it for themselves and not share any of it Smiley I mean 400 million dollars is a lot of cheddar and you could very comfortably live off 200 million for the rest of your life.  I kind of just wanted to use this question as an experiment to see what kind of answers I would get from people but I also guess I should have stated that no matter what you do with the BTC whether it be sell it off for money you still cannot keep any of the 1 million BTC or what you get for the 1 million BTC. lol but still quite interesting that the majority of people that have posted on this thread wouldn't share any of it. 

 

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mordekaiser
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November 17, 2014, 05:03:42 PM
 #43

id spend on it everyone, if i couldnt keep it.
premium_domainer
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November 17, 2014, 05:53:52 PM
 #44

i will give it to my community

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Nobitcoin
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November 17, 2014, 08:09:47 PM
 #45

I buy the most expensive cars in the world and have stock car racing with my friends
CoinCidental
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November 17, 2014, 08:19:13 PM
 #46

Auction it and help everyone in the world.

How would you auction Bitcoin?  Huh

Ebay....  Smiley
thehybrid
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November 18, 2014, 12:46:55 AM
 #47

I would probably agree to setting up some charity in my own name, like that one guy mention.

Esp the part where he pays him self and employees lol.
NoobKidOnTheBlock
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November 18, 2014, 01:42:20 AM
 #48

Auction it and help everyone in the world.

How would you auction Bitcoin?  Huh

Ebay....  Smiley
You could easily set up and auction for Bitcoin the U.S marshalls do it everytime they seize them from one of those underground websites lol Just ask them how to do it Smiley

 

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CoinCidental
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November 18, 2014, 02:10:12 AM
 #49

Auction it and help everyone in the world.

How would you auction Bitcoin?  Huh

Ebay....  Smiley
You could easily set up and auction for Bitcoin the U.S marshalls do it everytime they seize them from one of those underground websites lol Just ask them how to do it Smiley

Any real world auction house will auction off anything especially if it  is worth 400+  million  dollars

They work for  a % Smiley
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November 18, 2014, 02:37:14 AM
 #50

I'd feed a few thousand children every day for the next 10 years. (see link in sig).

Then I'd have the rest donated to my military unit to fund medical, dental, and engineering missions for the next 10 years (and get myself promoted to Colonel while doing all that.)

A million BTC is really too much, it would take me several life times to deplete it all responsibly, unless you don't mind me giving away ten thousand at a time.

I'd donate a few to some local government units to build some well paved roads ASAP where they are needed, probably overpaying the workers by a factor of 10.

I'd give a few thousand each (converted to fiat) to every mayor in every city within my region, only to be used to do "good" projects, like build schools, fix stuff, feed more dying people, etc. All of them will probably be overpaid as well.

That should last me about 10 to 20 years.

Keeping none for myself, because after I have helped millions of people, something is sure to come back.

NoobKidOnTheBlock
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November 18, 2014, 03:21:46 AM
 #51

I'd feed a few thousand children every day for the next 10 years. (see link in sig).

Then I'd have the rest donated to my military unit to fund medical, dental, and engineering missions for the next 10 years (and get myself promoted to Colonel while doing all that.)

A million BTC is really too much, it would take me several life times to deplete it all responsibly, unless you don't mind me giving away ten thousand at a time.

I'd donate a few to some local government units to build some well paved roads ASAP where they are needed, probably overpaying the workers by a factor of 10.

I'd give a few thousand each (converted to fiat) to every mayor in every city within my region, only to be used to do "good" projects, like build schools, fix stuff, feed more dying people, etc. All of them will probably be overpaid as well.

That should last me about 10 to 20 years.

Keeping none for myself, because after I have helped millions of people, something is sure to come back.
Congrats!! This is one of the best answers I have seen yet!!! The fact that you realize the potential to help out millions of people with such a vast wealth and understanding that good karma is always rewarded in one way or another I must say I am absolutely astonished and respectful of your answer good sir Smiley Made my entire day to be honest Smiley

 

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b!z
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November 18, 2014, 03:43:32 AM
 #52

I'd feed a few thousand children every day for the next 10 years. (see link in sig).

Then I'd have the rest donated to my military unit to fund medical, dental, and engineering missions for the next 10 years (and get myself promoted to Colonel while doing all that.)

A million BTC is really too much, it would take me several life times to deplete it all responsibly, unless you don't mind me giving away ten thousand at a time.

I'd donate a few to some local government units to build some well paved roads ASAP where they are needed, probably overpaying the workers by a factor of 10.

I'd give a few thousand each (converted to fiat) to every mayor in every city within my region, only to be used to do "good" projects, like build schools, fix stuff, feed more dying people, etc. All of them will probably be overpaid as well.

That should last me about 10 to 20 years.

Keeping none for myself, because after I have helped millions of people, something is sure to come back.

You're the only person in this thread who spent more than 5 seconds on an answer lol.
Soros Shorts
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November 18, 2014, 06:15:07 AM
 #53

I would deposit them into a Bitfinex margin account. Then I'd write a bot to use all available margin to alternate between long and short positions every 3 hours (plus or minus some random number of minutes).
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November 18, 2014, 06:20:57 AM
 #54

Well, I think it will pay off.

I mean, think about it:

I donate to several presidential candidates, to help their campaigns.
I donate to several mayors, (17 cities in my jurisdiction, or area of responsibility.) for social projects.
I donate to several departments, national security, public works, highways, infrastructure, local police, local military.

Even if I never get a single fiat or bitcoin by giving it all away, I am sure I will be one of those few people in my area who won't have a problem with any permits, licensing, contracts, or any of the usual red tape, for everything from guns (legal), to bodyguards, to business permits, to construction, to traffic incidents ...

I mean, 1 million BTC = 387 Million United States Dollars = 17 Billion Philippine Peso.

1 Billion Peso per Mayor in my area? I'll have no problems for the rest of my life living here. (Oh, and that's over time, like 10~20 years, not lump sum. The OP did not specify a time frame.)

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