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Topic: What are 10,000 BTC worth? - page 2. (Read 3421 times)

full member
Activity: 154
Merit: 100
October 27, 2011, 09:15:07 PM
#4

Lets create an Abundance of Food, clean Drinking Water and Shelter on Earth.
Lets create a system were we can organize this effort in a decentralized manner using only open source technology.

This may interest you

http://opensourceecology.org/index.php
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 27, 2011, 09:11:25 PM
#3
*puts in 10,000 buy order @ 0.01*

hero member
Activity: 672
Merit: 500
October 27, 2011, 08:53:03 PM
#2
Could we just make personal profit instead?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 27, 2011, 06:50:27 PM
#1
I ask you this: What do you think are 10k bitcoins actually worth?

Independent of market prices in USD or Fiat currencies. Or to formulate this question differently, what do early developers want to buy with their bitcoins.

The reason I think this is important: The current height of the wealth pyramid is kind of steep. Way too steep to support a scenario where the bitcoin economy would be a significant part of the worlds economy. So you could also ask what are 100,000 or 1,000,000 bitcoins worth but the question remains the same.

In a world were bitcoin would engulf the entire world the richest Bitcoin holder would own the United States.
In a world were bitcoin would equal to 1% of the worlds economy he would still be the richest person on earth.

So here is the tricky part: How do we encourage early adopters to spend their coins? Do we wait till they feel that the price is worth it and they sell them on an exchange? That could work, or possibly not. Some might decide to gamble even if it takes a lifetime. And that is not the would I want to live in. (Power corrupts absolute power corrupts absolutely. )

Or do we come up with an alternative solution to use bitcoin to create a world more worth living in for everybody, including people with a huge wallet. Some of you may think this is impossible but that has been said of many things.

We have an amazing opportunity here people, something that was never before possible to attempt. There have been theoretical and technical considerations of how this should be attempted but never before there was a potential infrastructure in development to do it for real.

Lets create an Abundance of Food, clean Drinking Water and Shelter on Earth.
Lets create a system were we can organize this effort in a decentralized manner using only open source technology.
Lets use the system to fund the operation with Bitcoin without the need to exchange it into fiat money.
Lets use our knowledge of Math, Economics, Sociology, Combinatorics and Engineering to implement a project which will change the world in the profoundest way possible.

Peace & I hope some people out there are dreaming the same dream  Cool
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