Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin

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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#21 » by KembaWalker » Tue Jan 11, 2022 4:44 pm

Bulliever2020 wrote:
KembaWalker wrote:
Harry Garris wrote:
Yeah well selling off your Bitcoin right as the Crypto market is tanking would also be an idiotic thing to do.

The market has low points no matter what you're invested in. Crypto tends to be more turbulent than traditional stocks but either way you wouldn't sell your holdings right after their value tanked. The market will recover over time and in the long run you profit, that's how you invest.


Except stocks go up over the long term because the underlying businesses make money. Bitcoin is just a currency that goes up and down off short term speculation. There's no reason to expect it go up long term or call it an "investment" in comparison to stocks, at least long term wise


Considering it was the most valuable investment asset of the decade of the 10s I'd say it has a pretty good short term track record. Volatile yes, but trending upwards in general and it has been for a long time now.


could say that for any bubble
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#22 » by Jfh20 » Tue Jan 11, 2022 4:49 pm

crypto = Scam
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#23 » by fpzark » Tue Jan 11, 2022 4:51 pm

Jfh20 wrote:crypto = Scam


Yeah, let's melt the planet for a marketing tie in. Cash App is terrible, Jack Dorsey is a clown, Block is dumb and crypto is a ponzi scheme.
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#24 » by payton2kemp » Tue Jan 11, 2022 4:53 pm

KembaWalker wrote:
Bulliever2020 wrote:
KembaWalker wrote:
Except stocks go up over the long term because the underlying businesses make money. Bitcoin is just a currency that goes up and down off short term speculation. There's no reason to expect it go up long term or call it an "investment" in comparison to stocks, at least long term wise


Considering it was the most valuable investment asset of the decade of the 10s I'd say it has a pretty good short term track record. Volatile yes, but trending upwards in general and it has been for a long time now.


could say that for any bubble


Gamestop stock when from $5 to $400 in a few months! Its a great investment!
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#25 » by meekrab » Tue Jan 11, 2022 5:01 pm

First Step wrote:Why not just get paid in cash and buy Bitcoin?

I mean, that's effectively what's happening. The CBA doesn't let teams pay players in anything but cash.
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#26 » by Duke4life831 » Tue Jan 11, 2022 5:01 pm

I mean this is just a clear advertisement. This is how companies market now, they pay people with millions of followers on social media (both of these guys have) to talk up their product (CashApp) and tell them to use a certain # and tell them to follow the product. This is basic social media marketing 101. That is all this is.
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#27 » by Saints14 » Tue Jan 11, 2022 5:07 pm

Easy to do when you already have hundreds of millions in career earnings
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#28 » by slicedbread2 » Tue Jan 11, 2022 5:31 pm

fpzark wrote:
Jfh20 wrote:crypto = Scam


Yeah, let's melt the planet for a marketing tie in. Cash App is terrible, Jack Dorsey is a clown, Block is dumb and crypto is a ponzi scheme.


Jack Dorsey is a real snake. His ego became super inflated after he was able to screw over his Twitter cofounder Noah Glass by backstabbing him Zuckerberg style. The other 2 co-founders got wealthy with the following net worths:

-Evan Williams: $600M. Dude co-founded Blogger and Medium, made the former huge before it was bought by google. When he sold the company to Google, according to people connected he had failed to properly take compensate the people that helped put him in the position to do so(blogger employees) and that he was described by Meg Houlihan co-founder of Blogger as calculating and someone who was ungrateful.
-Biz Stone: $250M
-Jack Dorsey: $12B.
-Noah Glass: $5M. Dude was going through a rough divorce and got back stabbed in the back brutally. He had founded Odeo which was the precursor to Twitter with Williams and Dorsey working with him.

;ab_channel=ColdFusion


Dorsey was a coder and Noah took on the project as the architect of selling the idea to investors. Evan was skeptical but let Noah run it. Sadly for Glass, Williams and Dorsey found a legal way to kick him out of Twitter and sadly for him it was too late. Dorsey had convinced Williams that Glass was dead weight and had to go. Evan Williams was able to con investors out of money by underselling the value of Odeo and saying it wasn't worth squat and convinced the investors to sell back their Odeo stock to him. Price: $5M. This later increased to $5B.

In the end, Williams and Dorsey bonded and staged a successful coup that kicked Glass out of the company and Dorsey turned the company from a music podcast company into a website based around status. The knell for Glass came when he expressed his fear of Williams to Dorsey who told him that everything would be fine and then told Williams about Glass. Result: Glass was kicked out and the reality was Dorsey had threatened to quit if Glass wasn't fired.

I wouldn't trust Dorsey with this CashApp BS to be honest.
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#29 » by life_saver » Tue Jan 11, 2022 5:49 pm

I think the term 'getting paid in bitcoin' is bit misleading here...it's not like Warriors are paying him salary in Bitcoin...Warriors will still be paying him in dollars. It's just that the money is being invested in bitcoin just like how one would invest the money in stock market or buying a house..athletes who invest their salary in buying real estate don't go around saying that they are 'getting paid in real estate'
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#30 » by TacoLord » Tue Jan 11, 2022 6:17 pm

@ndrew wrote:and that's the reason Klay is not in my top 75. Rodman would never do it


Rodman would laugh at these armature attention seekers, then he would buy an NFT and have it embedded in a human-like android so he could marry it.
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#31 » by dhsilv2 » Tue Jan 11, 2022 6:22 pm

Luke Skyowner wrote:Every athlete should invest for their retirement. BTC not a bad choice in all this fiat hyperinflation going on. Rule of thumb- everyone who hold BTC 3+ years are up on their investment.


Iggy's investment porfolio likely rivals most hudgefunds at this point. The guys got money all over the place and has his hands in all kinds of startups.
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#32 » by Modulate » Tue Jan 11, 2022 6:27 pm

KembaWalker wrote:
Harry Garris wrote:
therealozzykhan wrote:This just looks like a marketing ploy for Block/Cashapp.

Imagine getting paid in bitcoin and losing 20% of your salary in value the last month lol. Would be an idiotic thing to do.


Yeah well selling off your Bitcoin right as the Crypto market is tanking would also be an idiotic thing to do.

The market has low points no matter what you're invested in. Crypto tends to be more turbulent than traditional stocks but either way you wouldn't sell your holdings right after their value tanked. The market will recover over time and in the long run you profit, that's how you invest.


Except stocks go up over the long term because the underlying businesses make money. Bitcoin is just a currency that goes up and down off short term speculation. There's no reason to expect it go up long term or call it an "investment" in comparison to stocks, at least long term wise


I'm not sure how you can say that given it's performance over the last decade.

The bolded isn't true. There's a fixed maximum supply of 21 million coins that can be mined, and the mining rewards half every 4 years. Plus who knows how much BTC has been lost over the years.
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#33 » by sikma42 » Tue Jan 11, 2022 6:35 pm

life_saver wrote:I think the term 'getting paid in bitcoin' is bit misleading here...it's not like Warriors are paying him salary in Bitcoin...Warriors will still be paying him in dollars. It's just that the money is being invested in bitcoin just like how one would invest the money in stock market or buying a house..athletes who invest their salary in buying real estate don't go around saying that they are 'getting paid in real estate'

Are you sure about this? My job will pay me in Bitcoin or ETH, meaning they will send the entire amount or a portion to my wallet.


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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#34 » by KembaWalker » Tue Jan 11, 2022 6:40 pm

Modulate wrote:
KembaWalker wrote:
Harry Garris wrote:
Yeah well selling off your Bitcoin right as the Crypto market is tanking would also be an idiotic thing to do.

The market has low points no matter what you're invested in. Crypto tends to be more turbulent than traditional stocks but either way you wouldn't sell your holdings right after their value tanked. The market will recover over time and in the long run you profit, that's how you invest.


Except stocks go up over the long term because the underlying businesses make money. Bitcoin is just a currency that goes up and down off short term speculation. There's no reason to expect it go up long term or call it an "investment" in comparison to stocks, at least long term wise


I'm not sure how you can say that given it's performance over the last decade.

The bolded isn't true. There's a fixed maximum supply of 21 million coins that can be mined, and the mining rewards half every 4 years. Plus who knows how much BTC has been lost over the years.


theres a fixed supply of coins which means it won't devalue through typical inflation like normal currencies, but i don't know why you think that means its only going to go up. the problem is that for it to actually have staying power it needs to become a functionally used currency and not just a vehicle for speculation but bitcoin cannot process enough daily transactions to ever be used in that way. its fundamentally a scam which is why its being advertised this way, it has no inherent value. and eventually it and other ecologically damaging cryptos will be legislated out of existence
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#35 » by azcatz11 » Tue Jan 11, 2022 6:49 pm

KembaWalker wrote:
Modulate wrote:
KembaWalker wrote:
Except stocks go up over the long term because the underlying businesses make money. Bitcoin is just a currency that goes up and down off short term speculation. There's no reason to expect it go up long term or call it an "investment" in comparison to stocks, at least long term wise


I'm not sure how you can say that given it's performance over the last decade.

The bolded isn't true. There's a fixed maximum supply of 21 million coins that can be mined, and the mining rewards half every 4 years. Plus who knows how much BTC has been lost over the years.


theres a fixed supply of coins which means it won't devalue through typical inflation like normal currencies, but i don't know why you think that means its only going to go up. the problem is that for it to actually have staying power it needs to become a functionally used currency and not just a vehicle for speculation but bitcoin cannot process enough daily transactions to ever be used in that way. its fundamentally a scam which is why its being advertised this way, it has no inherent value. and eventually it and other ecologically damaging cryptos will be legislated out of existence


What companies even accept Bitcoin? I know Tesla did but I think they stopped. I've never heard of anyone paying for anything with it
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#36 » by The Laker Kid » Tue Jan 11, 2022 6:52 pm

Jfh20 wrote:crypto = Scam


Literally EVERY single person I know who got into crypo lost money. People only hear stories about the ones who made money but never about the majority of losers, just like lottery. Crypto is nothing but speculation. Plus Crypto.com arena sucks and it has a stupid logo.
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#37 » by HollowEarth » Tue Jan 11, 2022 6:54 pm

fpzark wrote:
Jfh20 wrote:crypto = Scam


Yeah, let's melt the planet for a marketing tie in. Cash App is terrible, Jack Dorsey is a clown, Block is dumb and crypto is a ponzi scheme.

Okay, but think about this from a millionaire's point of view, globehead: if millionaires use crypto, then they can more easily avoid all those troublesome taxes and invest their money into useful stuff like NFTs and more Warhols to lock up in the basement.
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#38 » by KembaWalker » Tue Jan 11, 2022 7:04 pm

Invest your money in good companies or diverse index funds folks, not in memes that a troll like Elon Musk can drop 25% with a tweet any time he feels like it
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#39 » by CIN-C-STAR » Tue Jan 11, 2022 7:09 pm

Why just get wealthy, when you could possibly get slightly more wealthy while unnecessarily contributing to global warming?
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Re: Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin 

Post#40 » by hauntedcomputer » Tue Jan 11, 2022 7:24 pm

Modulate wrote:
KembaWalker wrote:
Harry Garris wrote:
Yeah well selling off your Bitcoin right as the Crypto market is tanking would also be an idiotic thing to do.

The market has low points no matter what you're invested in. Crypto tends to be more turbulent than traditional stocks but either way you wouldn't sell your holdings right after their value tanked. The market will recover over time and in the long run you profit, that's how you invest.


Except stocks go up over the long term because the underlying businesses make money. Bitcoin is just a currency that goes up and down off short term speculation. There's no reason to expect it go up long term or call it an "investment" in comparison to stocks, at least long term wise


I'm not sure how you can say that given it's performance over the last decade.

The bolded isn't true. There's a fixed maximum supply of 21 million coins that can be mined, and the mining rewards half every 4 years. Plus who knows how much BTC has been lost over the years.


There's also a fixed supply of Bol Bol rookie cards, but that doesn't make them valuable. Crypto doesn't provide any goods or services, doesn't pay dividends or interest, isn't a "share" in any publicly traded company, and basically does nothing. The best you can call it is a "speculative asset" dependent upon a greater fool coming in and paying you more than you paid for it, and calling 10 years a long-term record as an investment vehicle is laughable.

I mean, sure some folks made some money out of thin air, but they made it in U.S. dollars, not bitcoin, or they wouldn't be bragging about how much bitcoin is "worth."

Once the U.S. and other governments create their own digital coins, these will be legislated out of existence or sent underground to the black market, but all the hucksters won't feel one iota of regret or shame.
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