I would like to give away 0.1 bitcoin to someone on Quora. Why should I give it to you?

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I would like to give away 0.1 bitcoin to someone on Quora. Why should I give it to you?

This question originally appeared on Quora, the knowledge sharing network where compelling questions are answered by people with unique insights.

Answers below are by Fernando Campos, Ulysse Maes, Quinten Lootens, Horst G Ludwig, Tevin H, Melinda Culpepper-Martonik, César Monroy-Olivares and Adam Singhoff.

Fernando Campos, Serial Entrepreneur, Seed Investor, Avid Gamer!

Answered December 12th, 2017
Well, others answers seem to infer that you don’t expect anything in return. And though there’s no indication that you do, I’ll go with the possibility that you might. So here is my pitch: the reason you will give me the 0.1 Bitcoin is that I’ll make sure it will be held on, safely and for your sake, for the next 5 years. Hear me out. I understand that this is something you could do yourself, but the problem is, well, nobody does… Just look at the people who claim to be holding on to bitcoins since 2013 or earlier. Most, if not all, simply got lucky because well…they forgot about it.

What about the rest, you ask? You can be assured that pretty much all of them sold at the first or second spike years ago. And that’s just normal human nature. The minute you see something you own (and didn’ think was worth anything) unexpectedly increase 30/50/100% over a few months time, our innate instincts to keep newly found money safe fires up and we sell.

And that’s why counting on a third party is so important. It gives you discipline that you would not otherwise have. The third party, not being the actual owner of the bitcoins you send, have a much smaller chance (and a potential liability) to be influenced and sell your coins before the aforementioned time frame.

So here’s what I would do. I would store your bitcoins on a hardware wallet whose private key will be safely stored (and backed up) in a safe for the next 5 years. I’ll share personally identifiable information so you can be sure to know who I am. We’ll count 5 years time from the minute my address receives the first confirmation. You’ll be able to track that address easily throughout this time and contact me whenever you like (I’m actually a pretty nice guy!). When the time is up, you get to decide when to sell. All I ask is that we share the profits on this endeavor.

So what do you think? Do we have a deal?

Ulysse Maes, studies Business Engineering at KU Leuven (2022)

Answered December 12th, 2017
If I were you, I would give it to someone I know personally, someone I love (most likely a family member). If you really want to make a Quora user happy, I would choose for someone who has given great answers on questions, which you found helpful, since that’s what Quora is about. The money would come as a surprise, making a person happy without disappointing someone else.

Quinten Lootens, M.S. Computer Science Engineering & Mathematics, Ghent University (2018)

Answered December 11th, 2017
If you give it to me, I would only say, because the blockchain will approve it. Also, as a computer scientist, I don’t believe automation will make humans useless. It would give back the freedom of thought and reasoning about societies and give focus at the social sciences, which I believe is very inspiring.

Horst G Ludwig

Answered December 12th, 2017
So what are you waiting for? If you really want to you could have done it same as we help others without making a story about it. Donating is a matter of love and consciousness without materialistic returns. Enjoy by proving yourself what kind of human you are and as more as we get as better this world becomes. The principal of blockchain currencies is decentralization, that of horizontal sharing of prosperity and opportunity without greedy middlemen and this comes very close to the new world we desperately do need simply in each corner of this planet. And yes, I do not want your 0.1, I want you to educate as many people as possible.

Tevin H, Entrepreneur at E-Commerce

Answered December 11th, 2017
I’ve been interested in bitcoin since about 2014, still in high school back then. Really never had the money growing up to invest in it, but I always kept my eyes on BC and others like Litecoin, Dash, etc. I’ve always wanted to get started so I started using faucets that give you a small portion of BC, but that never really works tbh. To keep it short, I’d just hold on to it, sell it, re-invest, then eventually I’d prob give that 0.1 back to you. If by some miracle you wind up picking me, 1rTgRsQAxYrMHYZi5nG9WJLicivxijHe8
Thank you, hope you have a good holiday!

Melinda Culpepper-Martonik, Patient Care Coordinator at Pacific Pulmonary Services (2016-present)

Answered December 12th, 2017
I may not have the best answer but its true and real. I started to research into Bitcoin roughly 3 years ago. I went through a tough divorce and was living paycheck to paycheck. Mind you I’m a 50-year-old female and saving for retirement was the last thing I could do. So at that time, I wasn’t able to buy into it. Fast forward 3 years I’ve been able to save a little at a time. In the past 3 months, I started to purchase $20 here $30 there of bitcoin and I’m pretty smitten with myself for doing so. Long story short here my daughter announced her engagement and wedding in Oct of this year. I would love to have an opportunity to help my daughter with her wedding and feel for the first time since my divorce I’m able to be a mom that can help her family. At today’s price of 0.1 Bitcoin that equates to $1707.36 USD. That’s a nice start for a young couple…. I would gift it to them to use as they see fit. I appreciate your generosity… Good luck everyone.

César Monroy-Olivares

Answered December 12th, 2017
Call me pessimistic, but I don’t see bitcoins as something that has intrinsic value in the present, much less in five years from now. High volatility usually means the bubble is about to burst… So, if you were to give me 0.1 bitcoin -which is a tad above a thousand dollars- I would convert it to something tangible right now, like some GPU’s or even a bottle of very fine scotch…

Adam Singhoff

Answered December 11th, 2017
I think you should give it to someone who will truly value and appreciate the 0.1 BTC.

Unfortunately, I missed the boat on getting in when Bitcoin was closer to $2k. However, I had a good reason. I got married and we paid for the majority of our own costs out of pocket/savings. I wouldn’t change that decision, even knowing how much the value of Bitcoin has jumped. It was worth it, and the timing just happened to be off.

If I had 0.1 BTC, I would enjoy the thrill of checking on Coinbase and following the value through it’s ebbs and flows. That small investment now, in me, would help me grow and rebuild our savings as we start our family.

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