Topic: What you going to do when your a bitcoins millionaire ? (Read 3554 times)
I'll invest heavily in an invention my talking dog came up with to make water flow up. He either said that or asked for more kibble. Hard to tell.
The bitcoin protocol makes an assumption: That the value of a Bitcoin is inherently limited by the cost of electricity used to generate it. What if you found a very large, largely untapped source of electricity? What if you installed a supercomputing cluster near your shiny new Gigawatt solar plant?
I disagree, and it has been discussed and rehashed many times.
The assumption that you are posing is backwards. It's not the cost of electricity that determines the value of Bitcoin, it's the value of Bitcoin vs. the cost of electricity that determines whether people will find it economically beneficial to run the verification program (i.e. Mining).
As people find new sources of energy, and lower cost computational capabilities, it becomes more economically beneficial to perform mining. So more people will mine until it's not really all that beneficial due to competition. And more miners (i.e. verifiers) means that the system is stronger, not weaker.
Obviously I would get a James Bond supervillain lair and I'd pay back that 0.02 BTC to the faucet.
I'm going to invest in a massive worldwide education campaign to teach people the difference between your and you're! 
Surely your not serious. You're idea is pointless!
Millionaire bitcoiners, at least ones that mined their owned coins, will be limited to the few very early adopters and the masters of VHDL FPGA/ASIC design....
I don't have any bitcoins yet. However, if I was an early adopter, and my paper worth exceeded a Billion Dollars, I would start investing in infrastructure to preserve the integrity of Bitcoin, while at the same time getting ready to start the next cryptocurrency.
The bitcoin protocol makes an assumption: That the value of a Bitcoin is inherently limited by the cost of electricity used to generate it. What if you found a very large, largely untapped source of electricity? What if you installed a supercomputing cluster near your shiny new Gigawatt solar plant?
The only problem with this plan is that people, coporations, or government with a lot to loose may do eveything they can to shut you down. How do you find a component supplier you trust enough to build a datacenter designed to handle cryptocurrency? Even if you prove the hardware and software won't betray you, and guard the data center with a small army; you are still vulnerable to attack. A megawatt solar plant would not last long against a bombing campaign from one of the nuclear powers.
On second thought, you might want to consider something like Shipping container computers scattered around the globe.
The bitcoin protocol makes an assumption: That the value of a Bitcoin is inherently limited by the cost of electricity used to generate it. What if you found a very large, largely untapped source of electricity? What if you installed a supercomputing cluster near your shiny new Gigawatt solar plant?
The only problem with this plan is that people, coporations, or government with a lot to loose may do eveything they can to shut you down. How do you find a component supplier you trust enough to build a datacenter designed to handle cryptocurrency? Even if you prove the hardware and software won't betray you, and guard the data center with a small army; you are still vulnerable to attack. A megawatt solar plant would not last long against a bombing campaign from one of the nuclear powers.
On second thought, you might want to consider something like Shipping container computers scattered around the globe.
It's like the rapture with some of you people.
/thread "Deliver us from the Fed, Oh Free Market!"
But for real, I'm gonna get a mansion and have all kind of bitches picking bitcoins off the floor when I make it hail.
Except by that time, it will only be 3 or 4 Bitcoins.
But for real, I'm gonna get a mansion and have all kind of bitches picking bitcoins off the floor when I make it hail.
Candy. Lots and lots of candy.
Oooo! Me likes candy too! That'll be a tough decision.
Candy. Lots and lots of candy.
I'd hoard it, being the "sleeper" Millionaire. 
Millions, and nothing to show for it!
Sorry grand kids, no monies for you!
Millions, and nothing to show for it!
Sorry grand kids, no monies for you!
I'm going to invest in a massive worldwide education campaign to teach people the difference between your and you're!
Doun't fourget their, there, and they're.
And maybye 1 too taech poeplo to spel withoot spelchechk and use prooper gramer I wood eaven doughnate to hellp thouse poeplo les fourtunate than mesellf.
I'd buy a Motorcycle, purchase a bunch of land, build a house which is designed to need very little electricity, pay for flying lessons and buy a nice plane to go along with my personal landing field.
I'm going to invest in a massive worldwide education campaign to teach people the difference between your and you're!
You're nuts!That's where someone will kick you.
I'm going to invest in a massive worldwide education campaign to teach people the difference between your and you're!
i'll pay to some strippers to spin me right round, like a record baby, right round, round, round xD
or
buy food to give it to the poor people or to the African :O (putting a stick like "this was bought with bitcoins")
or
buy food to give it to the poor people or to the African :O (putting a stick like "this was bought with bitcoins")
It's like the rapture with some of you people.
Castles in the sky is a perfectly acceptable game; why piss on other people's bonfires?
get into forest growing business and then maybe colonize Moon or something 
7 hot tubs. Just because my friend said I couldn't.
It's like the rapture with some of you people.
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