Off the top of my head I can think of buying all the houses that are for sale that I can buy. The next day I start the process of selling them at a quarter of the price I bought them for to families only. No landlords. It would be an opportunity for many families that they would never get otherwise. And I’d still get a fair amount of money if I were able to buy a few houses. I could do the same thing with vehicles probably more easily too. I’d also be able to pay a contractor for upgrades to my house even though those upgrades may take months and a contractor may run off with money (something I did and something that happened during an actual spend down I did in 2019). If I could pay for an expansion on my house I could foster kids.
Buy literally any currency, crypto, NFTs, futures, shares, property or commodity on the condition that the seller buys it back at half price the next day.
Step 1: Create a trust or corporation in which I am the sole director.
Step 2: Open new bank account in the trust or corporation’s name.
Step 3: Transfer unlimited funds into the new bank account.
Step 4: ???
Step 5: Solve World Issues
Step 6: Swim in a Olympic size swimming pool of money Scrooge McDuck style.
With infinite money, I’d absolutely love to donate trillions to the Linux foundation, The Web Archive, Wikimedia, GNU Foundation, EFF, etcetera, to help progress humanity forward in a more open pathway.
Though I also wouldn’t mind just buying my way onto the quickest flight to Japan from west coast America and buying the full rights to Chu Chu Rocket from Sega and Vib-Ribbon from whoever owns that copyright, so I could make the sequel Chu Chu rocket deserves and make a PC port/remake/clone of Vib-Ribbon, both without getting into legal trouble. This is assuming they’d just accept tons and tons of raw, hard cash I manage to withdraw from ATMs all over and I have enough time to pull it off.
The 24 hour part is tough and unfortunately it’s just a little too early to help with college costs, so I think realistically:
pay off my mortgage
pay off my car
But most importantly…
Hole in the Wall Gang Camp. Not only is this a fantastic cause to ease the lives of seriously sick kids, but for that kind of money I can bring back leadership of largest donor from the King of Saudi Arabia, and maybe establish an additional location to help more children
The 24 hour limit really imposes some hard physical constraints in terms of being able to obtain and move physical currency or currency proxies on your own though.
Ironically, to achieve your goal your have to pay for a lot of labor to distribute this wealth, but in doing so you’d be effectively lying about the nature of the payment in one form or another, so you’d just come full circle on labor exploitation anyway. Once again, the only way around this moral dilemma is to get people to agree to implement communism voluntarily, which would probably take more than 24 hours.
I would donate just enough to solve important world problems, then not spend another cent. With infinite money, everything is worthless, and that would be rather dull.
The next day I would wake up, severely regret not being the slightest bit greedy, and fall into severe depression.
Currency is still fundamentally a value proxy for mediating scarcity though. Just printing infinite currency, or even infinite commodities doesn’t actually negate the link between scarcity or value of some good or service, it just breaks your particular value proxy.
The only way to make everything worthless is with infinite energy, as then you’d be able to effectively obtain and transmute matter arbitrarily. That would effectively resolve all forms of material scarcity, and most forms of labor/service scarcity. Interestingly you’d still have scarcity with things like art, companionship, time, experience, etc, so there will likely still be some form of market forming around these things, and some form of currency acting as a value proxy within those markets.
The next day I would wake up … and fall into severe depression.
So every day, got it. 🫠. I was looking for that one emoji that is a smiley face, but that face is really just a face on a stick with a sad face behind it.
Assuming this scenario also temporarily changes Bank of America’s fraud detection policies to allow for crazy spending, I would pay all my closest developer friends a ton of money to quickly code up some scripts designed to scrape the websites of Indiegogo, Kickstarter and Gofundme to fully fund (10x over) every wacky idea anyone has ever proposed.
Wouldn’t that just increase scarcity of the coin and force the price to go up? Is highly improbably that in 24hrs every person who owns some coin would sell their coins to you, thus increasing the profits for the people who never got a chance to get your purchase offer to begin with.
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