So, the feds are auctioning off 30,000 BTC. In 2009, that wouldn’t have been worth very much, but at the time of writing, CoinDesk’s Bitcoin Price Index puts that at a cool $17,610,000.
It’s a tiny fraction of the overall number of bitcoins in circulation, but here at CoinDesk, we certainly wouldn’t turn it down. What could you spend it on? Here are a few ideas.
A little over a sixth of David Siegel’s house
David Siegel is the billionaire owner of Westgate Resorts Ltd, the largest privately-held timeshare company in the world. His 15 bedroom, 30 bathroom home was featured on the documentary The Queen of Versailles. Siegel lost most of his fortune during the financial crisis, and construction on the home stalled as he had to sell of most of his assets.
Now he’s back, and building out the rest of the house, although we don’t think he won his fortune back investing in bitcoins, sadly. It’s valued at $100m on completion – perhaps you could buy five of the 30 bedrooms. Or just rent it for a bit?
As it turns out, the market capitalization for namecoin at the time of writing is just a little under $15.8m. So actually, you could pick up all of feathercoin as well, and still have a couple of thousand dollars in bitcoins over in change. Embarrassingly, though, you couldn’t afford the whole of dogecoin, and that only launched in December. Too shame. Much poor. Which is what David Siegel must have been thinking in 2009.
17 Hublot Classic Fusion Haute Joaillerie watches
Bitcoin high rollers can’t be expected to stay at fleapits, so we are putting you up in the Encore Salon Suites at the Wynn Hotel. We’d rent two of them, each for two people to stay in, so that you’re not cramped. That costs $8300, bringing your grand total to around $50,800.
Oh, you want to gamble, as well? Let’s round it up to $55,000, then, because we hear the drinks are free, and they do those cheap seafood buffets. You still get to go 320 times, assuming that you lose your entire kitty every time you fly.
543 dinners with Barack Obama
How about sitting down for a friendly bite with President Barack Obama? He recently held a fundraiser at the home of Vogue editor Anna Wintour, where people paid $32,400 a plate to dine with him. Apparently, you get a photo with him, as well.
Technically speaking, you’d be able to do this 543 times, at which point you might have run out of things to talk about. To be honest, it might take a few of those dinners to politely inform him how the government should be dealing with it. Try not to get too worked up and point your fork.
Luckily for you, that $32,400 figure is significant, because it’s the most that an individual can donate to the Democratic party in 2014, which means that one plate of steak diane is all you can buy, even if it’s far less than you can afford.
So, you’d either have to sponsor 542 friends to do the same thing, or just switch allegiance to the Republicans instead, and donate a bit more to other causes. It seems to work okay for the Koch brothers.
890 trips in a MIG
The MIG-29 was introduced in 1983, just over a quarter century before Satoshi figured out how to create bitcoin. It’s still in service, and in between patrolling the Ukrainian border, it also does day trips.
- ^ The Queen of Versailles (www.magpictures.com)
- ^ market capitalization for namecoin (coinmarketcap.com)
- ^ This Hublot model (www.hublot.com)
- ^ get you a trip into space with Virgin Galactic (www.coindesk.com)
- ^ sit next to a Winkelvoss (www.coindesk.com)
- ^ Koch brothers (projects.propublica.org)
- ^ Evr (www.evrnyc.com)
- ^ told (www.coindesk.com)
- ^ paid (bitcointalk.org)
- ^ pick up (pizzaforcoins.com)
- ^ Pizza Royales (www.ealuxe.com)
- ^ Pizza (www.shutterstock.com)
- ^ federal government (www.coindesk.com)
- ^ government auction (www.coindesk.com)
- ^ lifestyle (www.coindesk.com)
- ^ list (www.coindesk.com)
- ^ price (www.coindesk.com)