teageegeepea comments on The Craigslist Revolution: a real-world application of torture vs. dust specks OR How I learned to stop worrying and create one billion dollars out of nothing - Less Wrong
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Good point, Tom. Of course, even better than picking something completely arbitrary would be to steer the money towards the causes that matter most. Off the top of my head I would say SIAI, the Methuselah Foundation, and the Lifeboat Foundation. Unfortunately I don't think any of these would be able to attract 50,000 supporters, but maybe there's some way we could package them with other charities.
I was thinking yesterday about what I'd do if I won the lottery. Then I recalled that Robin Hanson gave the best version of the "What I'd do with a million" story I've yet heard, so I figured I'd give it to him. I don't know what he'd do with a billion, but I'd still point to his plan as one of the top ways to increase efficiency through spending money.