On topic. Not a lot, have to assume it's 100 m, buy a new house near where I live, and let the Mrs retire, poor old thing, and go on lots of Green holidays together
elasticband wrote:change it into bitcoin
Think about bitcoin, it's just virtual stuff, maybe safe enough with the internets ticking along nicely, but put the lights out and you're fkd. I bet the people selling bitcoins aren't investing in bitcoins, they're the smart people buying the £200 million + pads that are becoming fairly common in london, and around the world these days, and taking the art and gem markets to stratospheric levels.
I know nothing much about economics or IT but a friend who spent a long career developing internet stuff, and my own instinct tells me also that the internet is quite a risky place to entrust with too much of your wherewithal. It may come a time and money etc. will go the way of the bus ticket but not sure we quite there yet. When I looked into going the silkroad/online route I was put off by the whole hasstle of it all, but mostly by the online shop fronts of the bitcoin sellers/dealers/bankers which make it obvious thats its a commodity to be traded and in that it will make some people a lot of money as long as the small man keeps on buying it with cash and spends/exchanges/invests it in goods in a very limited market. Maybe you buy the coins you need and you spend them, safe; but I think a lot of folks will see the shiny bitcoins on the websites, (shiny bit coins? they dont exist madam they're vitual but virtual doesn't do good "buy-me" visual.) think its the future, "invest" in them and get burned.
Bitcoin is the transferable and storable currency outside of the banking system
Maybe I'm suspicious but a possibly dodgy banker has to be slightly less of a risk than Mr Virtual man, or am I a luddite