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.)
Topic: What would you do if you had 1 million BTC but couldn't keep any of it? (Read 2143 times)
November 18, 2014, 02:20:57 AM
November 18, 2014, 02:15:07 AM
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).
November 17, 2014, 11:43:32 PM
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.
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.
November 17, 2014, 11:21:46 PM
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 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.
Made my entire day to be honest November 17, 2014, 10:37:14 PM
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.
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.
November 17, 2014, 10:10:12 PM
Auction it and help everyone in the world.
How would you auction Bitcoin?
Ebay....
Any real world auction house will auction off anything especially if it is worth 400+ million dollars
They work for a %
November 17, 2014, 09:42:20 PM
Auction it and help everyone in the world.
How would you auction Bitcoin?
Ebay....
November 17, 2014, 08:46:55 PM
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.
Esp the part where he pays him self and employees lol.
November 17, 2014, 04:19:13 PM
Auction it and help everyone in the world.
How would you auction Bitcoin?
Ebay....
November 17, 2014, 04:09:47 PM
I buy the most expensive cars in the world and have stock car racing with my friends
November 17, 2014, 01:53:52 PM
i will give it to my community
November 17, 2014, 01:03:42 PM
id spend on it everyone, if i couldnt keep it.
November 17, 2014, 09:42:11 AM
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 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. November 17, 2014, 09:15:31 AM
Auction it and help everyone in the world.
How would you auction Bitcoin?
November 17, 2014, 09:14:18 AM
This would never happen though? but i would probably buy things for me if i couldnt keep the bitcoin.
November 17, 2014, 09:12:43 AM
Hold it because if I couldn't keep any of it then no one else can either!
November 17, 2014, 04:16:12 AM
If I have 10.000 BTC, I will spend it all on myself living the best life possible for me for the rest of my days.Anything above the 10.000 BTC, I seriously don't care about, might as well give it away to every btc address with >0 balance, reversely proportional to the amout of bitcoin it has.
November 17, 2014, 02:28:53 AM
id treat out everyone everyday eating fancy ass restaurants.
November 16, 2014, 11:10:39 PM
buy all the suicide girls thier online wishlists
November 16, 2014, 10:54:04 PM
Which charities are you talking about here?
What I meant was that the majority of charities pay themselves & employees huge amounts in bonuses. I'm unsure about local charities, but the big ones are quite well known for it.
Uh dude, sorry to break your bubble, but I think you're grossly underestimating how much experience is required to run a "big" charity.
Take the World Wildlife Fund for example: you're dealing with 5,000,000 supporters, over 100 countries, and €525 million in yearly revenue. Another example is the Red Cross, with 97 million volunteers, and $3.6 billion in revenue.
You can't just leave some high school student looking for volunteer hours in charge. It takes a special sort of person with a special sort of expertise to run an global operation of that scale, and these people are hard to come across.
The salaries that the CEOs of these charities are fair, compared to what their peers are earning as CEO of Tesco or ExxonMobil.
I'm honestly interested in what you have to say.
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