Imagine you are given $10 million in ETH, with only 15 minutes to spend it. What would you spend it on?

in ethereum •  8 years ago 

$10 million with only 15 minutes to spend it

Consider this as a thought experiment, and a mysterious rich benefactor gives you $10 million in ETH but by design the ETH is going to auto self destruct (burn) within 15 minutes if not spent. How would and where would you spend it within the 15 minutes?

In other words, do you have a list of stuff you intend to buy if you are faced with this situation and or could you decide within 15 minutes?

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Well, buy STEEM, of course. What else! :)

I would cash it and then paid myself a salary of $250,000/yr for the next 40 years.

Have you considered LendingClub? Or REITs? Not only could you give yourself a salary but you could compound your assets.

I will buy Bitcoin and Steem Power !

POSwallet and purchase a _% share in every coin (120).

  • Go big or go home.

30% agoras. 10% waves, 10 % wings and the rest I save it.

You're very confident about Agoras. Would you like to post on your blog why you feel so strongly that you'd put 30% of $10 million dollars into it? That is $3 million dollars and even I'm not that confident so I'd like to hear why.

Long story but it's the same reason why I put my btc into the waves platform ico I liked the devs and if I think the people behind a project have a strong character and smart enough to at least accomplish 70% of their goals, I'm all in. In the crypto space I tend to go for homeruns, I think if agoras is able to reach some level of recognition in this space,the sky is the limit. I could easily 39x my investment. This only applies to crypto,not stock market investments.

Buy $10 million of Doge
Set up faucets all over the net
Give the Doge away :)

$10 million in steem power!

  ·  8 years ago (edited)

Buy Monero. Most bang for your buck at this minute, plus you can use it to buy tropical vacation property - http://www.azursamui.com/

I'd buy $10 million worth of a money market funds.

I would by Dash and Bitcoin, all 10 million dollars worth so that I don't lose any of the Eth or drastically inflate any other coins. Then I would move some of the Dash around and park it in a few coins with some long term potential like Eth and Steem. The Bitcoin I would send to Poloniex and lend it out and live on the high interest Bitcoin earns there.

convert it to litecoin, ripples, bitcoin, steem the list is endless. it would be safe in this form.

I would divest into what ever I could on Polo, and since I cant keep the ETH that would mean a sizable portion going into STEEM (which would happen anyway), I would also likely divest into LSK, and the rest into BTC which I would use to do a variety of things. But the BTC actions would likely exceed my 15 minute allotment of time. So Those three divestments would be all I could probably achieve in that short time frame.

  ·  8 years ago (edited)

I would buy 50% ETC and 50% Steem.

I'd buy m0ar ETH every 14 minutes so I never run out.

I should have put you cannot cheat by buying ETH with ETH.