Half of NFL Player’s Salary to be Paid in Bitcoin

johnarb said:
Oh, don't feel bad, bro :D That miner was earning bitcoins, about 0.08 btc per day. Roi was about 21 to 23 days (but with electricity costs, about 30 days). The thing you had to make sure was to account for difficulty increasing every 10 days!

That miner earned way, way more than 1.9 btc, because I was able to mine other coins when it was earning little btc (little did I know that those 0.01 btc/day would be worth so much today, lol. I earned whole bitcoins mining sha256 coins early, like DIEM, Chikun, all kinds of gimmick coins that could be traded for bitcoins.

[EDIT: bitcoin was less than $200 each in 2016, that miner was much cheaper 2 years later in $ term, I wish I maxed out all the credit cards in 2016 but was already distraught I lost all the paper profits from the bitcoin bull market cycle of 2013/2014 without benefiting 1 penny]
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I'm sorry johnarb. I see you here in the crypto space section a lot, and you seem to like the crypto thing...

But when BTC goes from 10K to 28K in a year...Well, I do not see that as a stable form of payment. The 28K USD brand new car I bought last year for 3 BTC, I could have gotten for 1 BTC this year...

 
Overnight said:
I'm sorry johnarb. I see you here in the crypto space section a lot, and you seem to like the crypto thing...

But when BTC goes from 10K to 28K in a year...Well, I do not see that as a stable form of payment. The 28K USD brand new car I bought last year for 3 BTC, I could have gotten for 1 BTC this year...
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No worries, man. I do not see bitcoin as a payment asset. I see it as a digital investment asset, with a bonus feature of being able to use it as a payment method if I want to (my choice).

Paul Tudor Jones, Russel Okung, Stanley Druckenmiller, Fidelity, Guggenheim, JP Morgan, Citibank, MassMutual, etc. are not buying bitcoins because they are looking forward to spending them on coffee, or a car, or even a mansion even if they could. They're investing in bitcoins for some other purpose (hint, investment asset). Btw, they already have all those things and they used a different payment method that's not bitcoin.

Microstrategy is holding over $1B worth of bitcoins as treasury reserve for the company. Doubt they are telling their accountants to use bitcoins next month for office supplies, if you get my point.
 
it makes sense as btc is going higher and higher and higher.
players probably feel the NFL management is wise and have ESP.

when btc is going lower and lower and lower,
you will get a hostile negative reaction.
 
maxinger said:
it makes sense as btc is going higher and higher and higher.
players probably feel the NFL management is wise and have ESP.

when btc is going lower and lower and lower,
you will get a hostile negative reaction.
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Gotta hodl long term and not worry much about short term price moves.
 
chartwise, his timing could be bad. Who knows bitcoin might hit 40,000 range with the bullish sentiment in the stock markets.

Uncle Buffett said about BitCon aka bitcoin is "rat poison squared" :) . people traded crazy sh!t before like Tulip bulbs, and BitCon could be ranked way up there :)
whatever happend to the inventor of bitcoin? Satoshi Nakamoto could have cashed in his holding and bought Tesla, the company :); wondering what Elon Musk would do?
bitcoin is required complicated technologies and supporting infrastructure for a grandma in Papua New Guiness for her daily uses... the concept of money should be made as simple as coconut shells :), and it's been around for ages, no need to make it too complicated.

Bitcoin-Chart.png
 
BAT31 said:
Tangent: I don't understand the Bitcoin craze. I have zero interest in trading or investing in it.
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Usually when someone has zero interest in something they tend to not understand why others are crazed about it.
 
Bitcoin is a great way to see how the public reacts to bottoms and tops.

All of a sudden seeing a lot of people who shouldn't be speaking about a particular investment (bitcoin)? Well most likely its probably at all-time highs.

Not hearing much about bitcoin anymore? Well its because bitcoin is probably in a correction or consolidating.

Every time this thing makes a parabolic move you see all these clueless celebrities pump it. Yet when the TRUE BARGAIN is available at lower prices you don't hear a godamn peep out of any of them. Truly amazing.
 
bone said:
Carolina Panthers offensive lineman Russell Okung believes in bitcoin. Last May, Okung tweeted he wanted to be paid in Bitcoin. On Tuesday, he finally got his wish.

Half of Okung’s $13 million salary will be paid in Bitcoin, according to Ian Rapoport of NFL Network.
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It depends on when he gets paid.

If he gets paid after the rally then it's going to be a huge rip off for him when Bitcoin declines. If he gets paid now then it would be like paying him double. Hopefully he was smart enough to put a time and date on payment in his contract.
 
.sigma said:
Bitcoin is a great way to see how the public reacts to bottoms and tops.

All of a sudden seeing a lot of people who shouldn't be speaking about a particular investment (bitcoin)? Well most likely its probably at all-time highs.

Not hearing much about bitcoin anymore? Well its because bitcoin is probably in a correction or consolidating.

Every time this thing makes a parabolic move you see all these clueless celebrities pump it. Yet when the TRUE BARGAIN is available at lower prices you don't hear a godamn peep out of any of them. Truly amazing.
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Like every analyst on Wallstreet :D
 
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