Stupid Question Regarding the TimeTravelFund

[BlowJobsareGood]

Hey People,

I have a stupid question regarding the Time Travel Fund.
http://www.timetravelfund.com/

I am member BTW, no harm in spending 10 bucks win or loose.

Anyways I was doing some reading on the internet, as per my boring usual life and stumbled across an outlandish unsubstantiated claim.

Posted here:
http://www.museumofhoaxes.com/hoax/weblog/comments/1321/P40/

They’re really slammed at this site. People are way too uptight, like I said before, who cares its 10 bucks.

Anyways this post caught my eye.

Hey I am a registered user on Time Travel Fund and it started off as simply a joke, a $10 donation to get a plaque, a nice conversation starter. But I have done a little bit of research and it just so happens to turn out that over 700 of the users have become missing persons. This makes me wonder, could this $10 joke really turn out to be true? If so my $10 was well spent and if not then who gives a [censored] its $10.
Posted by Jeff on Sat Nov 25, 2006 at 02:24 PM

Can anyone verify this, or speak to it further?

I'm pretty sure it's BS as I'm certain the cops would be accusing them kidnapping. Also, I couldn’t find a fricken thing on the internet about this specifically.

Kinda Good Boris.

 

[wa1ex]

Ok 700 missing persons with one thing in common: "they all invested in the time travel fund"
Would not America's Most wanted be all over this?

 

[Darby]

BJAG,

I guess a couple of questions come to mind regarding this fund.

So, they suggest an investment of $1 in their fund at 5% for 500 years becomes $39 billion. Five hundred years ago cartographers first put North and South America on the map. How many businesses are around today that were in business in 1507? Actually, how many businesses are around today that were in business in 1907? Not many regarding the latter and just about zero for the former (there might be a few breweries left hanging around). What are the chances that the trust fund would be around in 500 years? About the same.

I really liked the compound interest gag. Sure, if all of the necessary assumptions are fulfiled someone would have $39 billion on paper. But the money would be deposited in a bank of some sort. The newly thawed human popcicle would play hell trying to make a withdrawal of his/her money. And somewhere someone suggested that 700 participants have "disappeared" leaving between the lines the notion that they are on ice for the next 500 years with their $1 of the $10 fee invested in their name. Hmmm...so in 2507 someone has to be able to come up with $27 trillion (and we assume that there are more than 700 marks who went for the gag).

And unless there is a huge change in tax law, there will come a time down the line where the popcicle's estate would be paying 38% income tax plus 70% on excess earnings over some set amount. There might be several hundred thousand dollars in the account but the government will have txed the "sure thing" billions out of existence.

Remember that in today's political world there is a segment of the political spectrum that abhors passive income and wants to tax the passive investor until they bleed. I can't think of a scheme more passive than having dead people placing their money in a long term interest account for 5 centuries.

 

[jmpet]

It could theoretically work if set up correctly (legally) but it would never payout anywhere near $39 billion dollars- there is no 500 year CD- eventually you have to roll over the account and give some to Uncle Sam.

And they're promising to "set you up in the future", not hand you 100 million dollars- why not just promise to hand you 100 million dollars- you got $39 billion, right?

They're looking for 5,000 suckers er, investors to each put up $10 so they can invest $50,000 for 500 years- this a 1.9 trillion dollar payout according to their own calculator. Well- how many people can you time travel for 1.9 trillion dollars? An awful lot! Here's a better idea:

The website gives the enrollment certificates for free and invests his own $5.00 at 5% for 500 years- this yeilds 19.6 billion dollars (again- according to their own calculators) which is more than enough money to time travel thousands of people. And since he's a multi-billionaire in 2507, he can then time travel all these people he promised back in the 21st century.

He can then open a theme park in the year 2507 called "2007 Land" that's full of people he time travelled from 2007. He'll be a hero and everyone will love him and it only costs him five bucks.

In fact, I'll start the fund right now. Anyone who gives me $20 I'll give them $100 million back in the year 2507. All kinds of conditions and provisions apply, of course. /ttiforum/images/graemlins/smile.gif

BTW-
The closest realistic formula I worked out for 500 years is 1,000,000:1- put in $10, get $10 million back 500 years later, but up-front legal costs would have to be included and all kinds of legal documents would have to be signed.

 

[Sigo2507]

How many businesses are around today that were in business in 1507? Actually, how many businesses are around today that were in business in 1907? Not many regarding the latter and just about zero for the former (there might be a few breweries left hanging around). What are the chances that the trust fund would be around in 500 years?

Forget that specific trust fund.

What are the chances that a concept even remotely resembling money will survive into the 26th?