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NewbieActivity: 14Merit: 0 Invest, Donate to the future. July 21, 2010, 02:30:42 PM #1



I am also working on an excel macro that will hopefully allow you to basicly visualize/sort your accounts/transactions and maybe operate it all from Excel .



Another idea I have is discussed by Robin Hanson in this post:



http://www.overcomingbias.com/2010/03/parable-of-the-multiplier-hole.html



So the idea is to use the power of compound growth to donate now, but multiply it by time by spending it only in a 100 years (or more).



Now I think this will be very succesfull if bitCoin is successfull as there is only enormous growth in value if it catches on (and there currently is no lack of interest).



So yes this is my first project with BitCoin, gather at least a 1000 coins through donations and then "invest" it somehow. The most secure method would be to not spent it and as the coins get divided, the original investment keeps gathering value.



To prevent temptation the wallet can be weakly encrypted, with the expected computing power of 100 years (or more) be able to access the wallet.



So yes some committee or something?



Anyhow I already made a "for the future" philanthropy account for the brave and trusting: 1KMntZKFKYEPPq9qTUGw7Q49ugAJ9hmSKa



Also give the noob some bit bucks at my personal account: 12qQNhuvuumqVv6C2764EXKa1wECcicBbx



Any comments?

After lurking for months now, I decided to download the client and see for myself how it works. I am quite impressed sofar except for the long initialization process of downloading the blocks and thrashing the hard drive.I am also working on an excel macro that will hopefully allow you to basicly visualize/sort your accounts/transactions and maybe operate it all from ExcelAnother idea I have is discussed by Robin Hanson in this post:So the idea is to use the power of compound growth to donate now, but multiply it by time by spending it only in a 100 years (or more).Now I think this will be very succesfull if bitCoin is successfull as there is only enormous growth in value if it catches on (and there currently is no lack of interest).So yes this is my first project with BitCoin, gather at least a 1000 coins through donations and then "invest" it somehow. The most secure method would be to not spent it and as the coins get divided, the original investment keeps gathering value.To prevent temptation the wallet can be weakly encrypted, with the expected computing power of 100 years (or more) be able to access the wallet.So yes some committee or something?Anyhow I already made a "for the future" philanthropy account for the brave and trusting:Also give the noob some bit bucks at my personal account:Any comments?