Topic: $10 million toward making Bitcoin successful - page 2. (Read 7512 times)

yeah, but spenders will spend and entrepreneurs and risk takers will end up with 99% of the wealth.

redistribution is only ever temporary.

They won't end up in the same hands because bitcoins can't be printed on their demand. Bitcoins are finite.

This goes without saying. I was referring to the day after winning the lottery...

 

and then watch them gradually end up back in the same hands, exactly the same way it happens with fiat.

Spend all the fiat money to buy bitcoins, and then delivery all the bitcoins freely and fairly to other people

Finance ASIC development, to be sold with little profit.

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With an estimated market cap of $44M (8M BTC X $5.50), 1M users would own on average $44 worth of Bitcoin.

And getting those 1 Million users would not be that difficult, if:

100 current users got one new user within the next week, then:                    ~ Only need to get 13 new users total.
200 users (first 100 and next 100) did the same the following week, then:       ~ Only need to get 12 new users total.
400                                                                                                     ~ Only need to get 11 new users total.    
800                                                                                                     ~ Only need to get 10 new users total.
1,600                                                                                                  ~ Only need to get 9 new users total.
3,200                                                                                                  ~ Only need to get 8 new users total.
6,400                                                                                                  ~ Only need to get 7 new users total.
12,800                                                                                                 ~ Only need to get 6 new users total.
25,600                                                                                                 ~ Only need to get 5 new users total.
51,200                                                                                                 ~ Only need to get 4 new users total.
102,400                                                                                               ~ Only need to get 3 new users total.
204,800                                                                                               ~ Only need to get 2 new users total.
409,600                                                                                               ~ Only need to get 1 new users total.
819,200                                                                        end game!


But, it won't happen if the average maximum is only $44 USD in your pocket.

But, would the first 100 do it for at least $1,000 profit? As well as the same profit for the second group? Third? And mostly likely the last group on my list above?

Now, I'm not taking Ponzi, or pyramid, or MLM here.

Want to hear more? Send me 10 BTC and... Only kidding! In fact, I don't want anything. This would cost nothing to do (as far as paying for a service or product is concerned). Let me know if your interested, and I'll outline how. Of course there's still the rub: ease of transfering BTC and merchants--chicken/egg dilemma.

Services to actually make bitcoin useful beyond speculation. Developers to battle harden and secure the software underlying the network.

Everything else is secondary. With services that people want, fully licensed large scale exchanges would move into bitcoin. The legal precedent thing is a good idea though.

I know, I would pay the worlds best programmer to make a decentralized curren.... dangit, fell for another cyclical thought pattern. hey guys I thought we already reached over 150k blocks? is that not enough proof?

that aside, perhaps it would be well spent on something like open transactions, and then buying some physical precious metals and becoming the first issuer of OT precious metals - being available in some physical location so that people can cash out/cash in. just make sure the issuer understands that it is more profitable to not rip people off in the long run.

perfect !!!

I'd invest 25 % in a FUD campaign, buy BTC with 60% and 15% in a viral marketing campaign.  


Srsly more USD to "support it" is the last thing Bitcoin needs right now.  

Buy a hooker, an eightball of coke and a bottle of whiskey for every one on these forums. Some real-world views from bitcoin's base supporters would help real-world acceptance immensely.

$2m - gorilla marketing campaign to promote bitcoin globally
$2m - seed fund for startups / businesses looking to create valuable services around bitcoin
$2m - buy up bitcoins for their eventual global dominance as a true world wide store of value (does that sound too optimistic) 
$4m - fund to lobby / incentivize the top 500 global internet commerce sites to employ bitcoin payment solutions

+1 to this.  Bitcoin could use some significant price stability and that will require some significant funding.

I would probably put a huge bid wall up at $5/BTC and as people buy, sell at $5.50 for at least a year to give some price stability in the early stage.

Commit myself.

Absolutely.  it's the link to the fiat / Federal Reserve world that is the regulatory nightmare for bitcoin right now.  The bitcoin economy can work just fine on its own.  It's where it interacts with the fiat system that all hell brakes loose.

International Casinos can also play a role.  In most casinos now, you can deposit Euros, Yen, etc.  Sometimes it needs to be wired in, but you can also do it in person.  You then play with your chips.  You can cash out however you wish.  If a casino allows deposits in bitcoins just like any other currency, they give you chips and away you go.

Actually, its in the works! Although not in the immediate future, I'd say definitely within a few years.

I've been flying around the US meeting investors and individuals high in the finance world.
One of my vc's had equity in BankServ, he was responsible for selling the company for $300 Million.
When I met with him last week, he said things would be so much easier for BitInstant and our goals if we buy or start a small Credit Union, and he wants to help us get there

I know the executives of a few exchanges are in talks about it as well.

I wonder if, at some stage in the bitcoin world, it would make sense for some of the top companies to form a JV and create/buy a credit union/bank in some free banking area, like Panama?  Some grounded, brick and mortar, physical bank that would add one more strong link between Bitcoin and normal financial markets.

Is there value in something like that?

Agree 100%.  Buy a Credit Union.