Sean Culkin of the Kansas City Chiefs becomes first NFL player to convert entire salary to bitcoin

[HMFFL]

Kansas City Chiefs player Sean Culkin will become the first NFL player to covert his entire salary into bitcoin using a third-party payments application. 

According to a press release shared with The Block, the entirety of Culkin's $920,000 salary will be paid in weekly USD installments and converted instantly to bitcoin via Strike by Zap, an application that enables users to make bitcoin payments using a bank account or debit card. 

“Considering my career — particularly its physical demands, and brevity – it makes the most logical sense to be paid in sound money that I believe protects its purchasing power over time,” Culkin said in a statement. “From a macro standpoint, I believe we are in the beginning stage of Bitcoin’s shift away from being extremely speculative, to a legitimate asset class viewed as a store of value.”

https://www.theblockcrypto.com/linked/102852/sean-culkin-first-nfl-player-chiefs-salary-bitcoin

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[Worm Guts]

I've never tried to pay with bitcoin at my local grocery store, so maybe I'm wrong, but I don't think everywhere takes bitcoin. It might be easier to keep some of it as cash even if you're a complete believer in bitcoin.

[yellowknifer]

Bitcoin is trash technology. It can do like a few dozen transactions per second. It's only valuable because it was the first. It will be extinct soon enough. Many other coins have superior technology.

[hermes]

its a store of value but a pretty volatile one, seems risky but with the way its been going up he'll probably double his pay be the end of the year

[goober]

Cryptocurrency scares me big time.

[righterwriter]

Bitcoin is trash technology. It can do like a few dozen transactions per second. It's only valuable because it was the first. It will be extinct soon enough. Many other coins have superior technology.

Any chance you could share which coins you think will become big (and how long it will take for them to start going up)?

[yellowknifer]

Bitcoin is trash technology. It can do like a few dozen transactions per second. It's only valuable because it was the first. It will be extinct soon enough. Many other coins have superior technology.

Any chance you could share which coins you think will become big (and how long it will take for them to start going up)?

Ethereum is the safest play. Honestly I have been buying as much silver as I can lately. It's probably the best play right now in the market. Staying out of debt completely. Vechain is what I hold the most of in crypto. It's an ethereum competitor that had real world use cases and is actually being used. Worth looking into but I'm not sure how I feel about it morally.

[righterwriter]

Bitcoin is trash technology. It can do like a few dozen transactions per second. It's only valuable because it was the first. It will be extinct soon enough. Many other coins have superior technology.

Any chance you could share which coins you think will become big (and how long it will take for them to start going up)?

Ethereum is the safest play. Honestly I have been buying as much silver as I can lately. It's probably the best play right now in the market. Staying out of debt completely. Vechain is what I hold the most of in crypto. It's an ethereum competitor that had real world use cases and is actually being used. Worth looking into but I'm not sure how I feel about it morally.

I was thinking about investing in crypto, but my buddy who is into investing said that a lot of it is used for nefarious purposes (money laundering, tax evasion) so he said morally he didn't want to support that. I tend to agree, unless someone convinced me otherwise.

[LAKESHOW]

There's good and bad to regulation.

[McCallum1]

I like seeing blog that understand the value of providing a quality resource for free.

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