Let me ask you a question just to satisfy my own curiosity and discover the reason for your recent "business transaction" proposition to Ver. You are "loaded". I assume you live in a beautiful home with all the modern appointments. Surely you must have fine automobiles at your disposal and take worldwide vacations with the same frequency that other people change their underwear. In essence, you want for nothing. You're stake in the "business transaction" you're proposing is worth upwards of $60 million. With that kind of money, why would you not simply cash out, retire, and enjoy everything the world has to offer? Instead, you leverage your millions to prove a point? I don't get it.
Why does anyone with a high net worth continue to work? I'm in it to protect and grow my investment.
I am only entering this from a win-win-win perspective.
A lot of people don't understand this. For most, wealth is not a barrier, it is a gradient. The attitude that comes with 'cashing out' is the opposite attitude needed for growing a large net worth. Almost all of the high wealth individuals I deal with have the exact same obsessive need to keep growing their numbers, and will work until they die. If they didn't, they wouldn't be worth that much.
That said, I do still wonder if there is much more impactful methods to protect and grow your bitcoin net worth that isn't a bet. You are in a unique position to be able to impact bitcoins value. Perhaps, if you win, consider re-investing the winnings back into bitcoin developer funding programs? Maybe some bitcoin based startups? Even some kind of global marketing endeavor to help improve the worlds perception of bitcoin? All of these could potentially help grow the rest of your stash by a large amount. Bitcoin needs a lot of help, and it should bother everyone that bitcoin isn't surpassing Snapchats market cap.
Good post.
The challenges of open source development are formidable.
Everyone complained about the Bitcoin foundation, and they were really weren't that bad.
You can't even really blame Blockstream for trying to commercialize development
of Bitcoin, (although the way they went about it has been a horror show and is
being rejected by the market)
I dig your suggestion for developer funding.
I do think early adopters can get an ROI by 'giving away' funding in order to get a better
product that will lead to greater adoption and thus token appreciation. The questions
are how to do that intelligently and at what scale.