Bitcoin is still early

[Tim]

what

There is no risk or investment in BTC. Simply a spot rate for game check payments.

[jacoavlu]

There is no risk or investment in BTC. Simply a spot rate for game check payments.

agree no risk on the part of the team, and no risk on the part of the player until the time of payment

clearly once usd converted to btc there is risk, same as any other investment

[Brains428]

Slight tangent- I wonder why athletes don't ask to get a share in team ownership in their contract. Like .01% stake in the Yankees or the Cowboys up to 0.5% upon retirement. Buyout clause on a trade. Probably unfair in markets like baseball.

Anyways-- BTC nearing 30k.

[CordMcNally]

Slight tangent- I wonder why athletes don't ask to get a share in team ownership in their contract. Like .01% stake in the Yankees or the Cowboys up to 0.5% upon retirement. Buyout clause on a trade. Probably unfair in markets like baseball.

First and foremost, the owners wouldn’t be looking to dilute their ownership. Second, it would then rely on fair evaluations in order to calculate their cap hit in order to be under the salary cap although baseball doesn’t have one.

[xraygoggles]

Slight tangent- I wonder why athletes don't ask to get a share in team ownership in their contract. Like .01% stake in the Yankees or the Cowboys up to 0.5% upon retirement. Buyout clause on a trade. Probably unfair in markets like baseball.

They don't have that yet, but in some sports, especially minor league baseball for example, you can purchase a piece of the player's future expected salary if they made it to the big leagues. It's a hot new trend that is picking up steam: income sharing agreements. They have similar type of ISAs for people doing technical training as well. It's an interesting concept for sure.

[jacoavlu]

👀

[xraygoggles]

Yes BTC just crossed 32k (!!!!), but have you seen Dogecoin? Went up to 1 cent this AM, wow. I bought a million Dogecoins a few weeks ago at 1/3 the current price for kicks. Elon's tweets sure can move crypto markets to the moon on meme coins.

To really blow up the internet, Elon should buy Bitcoin when it hits 35k, which is the MSRP for Model 3.

[Lordosis]

Slight tangent- I wonder why athletes don't ask to get a share in team ownership in their contract. Like .01% stake in the Yankees or the Cowboys up to 0.5% upon retirement. Buyout clause on a trade. Probably unfair in markets like baseball.

Anyways-- BTC nearing 30k.

I don't really follow sports or players so maybe I am way off base but don't they move from team to team quite often? Wouldn't this complicate things? I doubt they want the players financially tied to a team because that would make trading them more difficult let alone whatever emotional loyalty they have to a team if any.

[Brains428]

Yea. That's why there would be a buyout that would be risky for the player or franchise since that value isn't fixed.

Just thinking of ways that players can structure contracts that have a value that aren't fixed to a value in today's dollars.

[CordMcNally]

Yes BTC just crossed 32k (!!!!), but have you seen Dogecoin? Went up to 1 cent this AM, wow. I bought a million Dogecoins a few weeks ago at 1/3 the current price for kicks. Elon's tweets sure can move crypto markets to the moon on meme coins.

To really blow up the internet, Elon should buy Bitcoin when it hits 35k, which is the MSRP for Model 3.

I love how Bitcoin (and other cryptos) are still referenced in dollars.

[chucki]

This thread will age well for Napolean Dynamite.

[Lordosis]

👀

Looks like JP Morgan threw their hat in our bet!

https://www.reuters.com/article/us-crypto-currencies-jpm/bitcoin-emergence-as-digital-gold-could-lift-price-to-146000-says-jpm-idUSKBN29A1IF?utm_source=morning_brew

Kind of funny because I am not really a Bitcoin Bear. I am just ambivalent and like to take the contrarian view because I believe it is just as likely. We shall see...

[Nysoz]

Yeah I'm not a bitcoin bear either. I just don't like investing money into things I don't use or understand.

[jacoavlu]

Yeah I'm not a bitcoin bear either. I just don't like investing money into things I don't use or understand.

problem is I’m not sure I understand the USD either.

[Nysoz]

problem is I’m not sure I understand the USD either.

yeah, the amount of money printing and the lasting impact will be interesting to see. the difference between the USD and bitcoin is we use the USD on a regular basis but likely have never used a bitcoin or fraction thereof. Some have bought some to hold or resell, but the vast majority of the population have never used it for a purchase.