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

[Bulliever2020]

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

You make no sense whatsoever. But continue staying away if you so choose. I and many others will continue making money hand over fist in this "bubble" lol.

[KembaWalker]

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

You make no sense whatsoever. But continue staying away if you so choose. I and many others will continue making money hand over fist in this "bubble" lol.

Lots of people make money hand over fist during a bubble! Congratulations on your good fortune and good luck hitting the correct exit point

[RoyceDa59]

I’ve gone 50x since my initial (sizeable) crypto investment in 2017. In 4 years. My life has been changed forever, it was the best decision I ever made.

And we’re still only getting started. Will probably 3-5x entire portfolio again this year.

Just sold 12 NFT’s for a 4.5x. Walked away with 6 ethereum from an initial investment of 1.5.

If anyone tells you crypto is a scam, start asking them questions about it. You’ll quickly learn they literally don’t know anything about it, don’t understand how it works, the technology that drives it, the communities that support it, and that they’re talking out of their cornholes. The naysayers haven’t spent hundreds of hours learning researching it, so why listen to them? They read a couple articles.

Don’t waste time listening their ‘advice’, start doing your own research.

Crypto is volatile because of its hyper growth and there have been and will continue to be big market corrections on the way to a 150T global market cap. We’re currently at 2T market cap, still SOO early.

Biden is about to print 3.5T US dollars. Meaning your dollars are now worth less because there’s more of them. No one has a say in that. Crypto is the opposite.

In its simplistic form, crypto is a public ledger where all transactions that have ever happened on the blockchain are viewable to the public. It’s cheaper, faster, safer and TRANSPARENT. And it’s decentralized, owned by the community, not the central banks and politicians. It’s supported by mathematics and technology, not credit agencies and old boys clubs.

Want access to the next electric car maker IPO? Too bad small fry, that’s for the underwriters at JP Morgan. The rich get richer.

Want access to the next pre buy coin that is creating an animated series on NetFlix using a dao token to fund the project, owned by the community of token holders? Only got $50 bucks? No problem you can join, no questions asked.

Klay is smart to accept btc. Total circulation will only ever be around 17M, when accounting for old coins that will never be recovered. That’s enough for .002 per person on the planet. Try to get your hands on one full bitcoin and store it away for safe keeping, you won’t regret it. It gets twice as hard to mine one bitcoin every 4 years, so price will always go up with a limited supply.

One btc will be worth north of 500K USD within the next decade.

Don’t listen to me or others, do your research.

Good for Klay.

[KembaWalker]

I’ve gone 50x since my initial (sizeable) crypto investment in 2017. In 4 years. My life has been changed forever, it was the best decision I ever made.

And we’re still only getting started. Will probably 3-5x entire portfolio again this year.

Just sold 12 NFT’s for a 4.5x. Walked away with 6 ethereum from an initial investment of 1.5.

If anyone tells you crypto is a scam, start asking them questions about it. You’ll quickly learn they literally don’t know anything about it, don’t understand how it works, the technology that drives it, the communities that support it, and that they’re talking out of their cornholes. The naysayers haven’t spent hundreds of hours learning researching it, so why listen to them? They read a couple articles.

Don’t waste time listening their ‘advice’, start doing your own research.

Crypto is volatile because of its hyper growth and there have been and will continue to be big market corrections on the way to a 150T global market cap. We’re currently at 2T market cap, still SOO early.

Biden is about to print 3.5T US dollars. Meaning your dollars are now worth less because there’s more of them. No one has a say in that. Crypto is the opposite.

In its simplistic form, crypto is a public ledger where all transactions that have ever happened on the blockchain are viewable to the public. It’s cheaper, faster, safer and TRANSPARENT. And it’s decentralized, owned by the community, not the central banks and politicians. It’s supported by mathematics and technology, not credit agencies and old boys clubs.

Want access to the next electric car maker IPO? Too bad small fry, that’s for the underwriters at JP Morgan. The rich get richer.

Want access to the next pre buy coin that is creating an animated series on NetFlix using a dao token to fund the project, owned by the community of token holders? Only got $50 bucks? No problem you can join, no questions asked.

Klay is smart to accept btc. Total circulation will only ever be around 17M, when accounting for old coins that will never be recovered. That’s enough for .002 per person on the planet. Try to get your hands on one full bitcoin and store it away for safe keeping, you won’t regret it. It gets twice as hard to mine one bitcoin every 4 years, so price will always go up with a limited supply.

One btc will be worth north of 500K USD within the next decade.

Don’t listen to me or others, do your research.

Good for Klay.

Watch on YouTube

[Bornstellar]

Good for them. Always nice to see crypto adoption becoming more mainstream. Though like others I feel like this a plug for CashApp more than anything else

[Kvothe22]

Amazing how much nonsence some ppl wrote in this thread, they clearly doesn't understand crypto neither economy . But act Like they are the smartest and understand everything. Stop embarrassing yourself.

[GunnerWRX]

How much of Klay's $122m NBA guaranteed pay for the next 3 seasons is in bitcoin? None! The NBA pays in USD not bitcoins.

He might be buying some bitcoins with a portion of his paycheck, when he gets his paycheck, but if bitcoin becomes $0 next year, that portion of his NBA pay will *not* be $0.

There is a huge difference and they are completely misleading.

As a Warriors fan I dislike what they did.

It is different from the other NFTs stuff they (and other players) are pushing.

You can only waste so much $ on NFT, but it is more likely to have un-sophisticated people following their advice on bitcoin and potentially lose their shirt/home/family.

If they negotiated their NBA contract and say half will be USD and half in X amount of bitcoins, then I have no problem with that. But, that's not what they have done.

[Bornstellar]

I’ve gone 50x since my initial (sizeable) crypto investment in 2017. In 4 years. My life has been changed forever, it was the best decision I ever made.

And we’re still only getting started. Will probably 3-5x entire portfolio again this year.

Just sold 12 NFT’s for a 4.5x. Walked away with 6 ethereum from an initial investment of 1.5.

If anyone tells you crypto is a scam, start asking them questions about it. You’ll quickly learn they literally don’t know anything about it, don’t understand how it works, the technology that drives it, the communities that support it, and that they’re talking out of their cornholes. The naysayers haven’t spent hundreds of hours learning researching it, so why listen to them? They read a couple articles.

Don’t waste time listening their ‘advice’, start doing your own research.

Crypto is volatile because of its hyper growth and there have been and will continue to be big market corrections on the way to a 150T global market cap. We’re currently at 2T market cap, still SOO early.

Biden is about to print 3.5T US dollars. Meaning your dollars are now worth less because there’s more of them. No one has a say in that. Crypto is the opposite.

In its simplistic form, crypto is a public ledger where all transactions that have ever happened on the blockchain are viewable to the public. It’s cheaper, faster, safer and TRANSPARENT. And it’s decentralized, owned by the community, not the central banks and politicians. It’s supported by mathematics and technology, not credit agencies and old boys clubs.

Want access to the next electric car maker IPO? Too bad small fry, that’s for the underwriters at JP Morgan. The rich get richer.

Want access to the next pre buy coin that is creating an animated series on NetFlix using a dao token to fund the project, owned by the community of token holders? Only got $50 bucks? No problem you can join, no questions asked.

Klay is smart to accept btc. Total circulation will only ever be around 17M, when accounting for old coins that will never be recovered. That’s enough for .002 per person on the planet. Try to get your hands on one full bitcoin and store it away for safe keeping, you won’t regret it. It gets twice as hard to mine one bitcoin every 4 years, so price will always go up with a limited supply.

One btc will be worth north of 500K USD within the next decade.

Don’t listen to me or others, do your research.

Good for Klay.

This guy gets it. Thanks for taking the time to make this post and have an And 1 on me good sir

[payton2kemp]

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.

lol NFTs are a bigger scam than crypto. Imagine paying thousands to own a URL. To actually host NFTs on the blockchain, the fees are to high.

China is already in the process of banning BTC. Plus if you ever want to convert our Crypto to a usable currency you can't hide from the gov't/taxes.

[HollowEarth]

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.

lol NFTs are a bigger scam than crypto. Imagine paying thousands to own a URL. To actually host NFTs on the blockchain, the fees are to high.

China is already in the process of banning BTC. Plus if you ever want to convert our Crypto to a usable currency you can't hide from the gov't/taxes.

Kind of getting off track, but NFTs at least gave me some insight on why rich people are willing to pay so much for Warhols' paintings. With some other paintings, I could sort of understand like I know a Rothko held the record at one point and whether you like him or not, his paintings are unique and inherently physical; you can't make a Rothko print like you could with say Moebius, Ed Roth, Michael Whelan, Rowena Morrill, Dave McKean, and so on.

But Andy Warhol was literally making stuff with an assembly line, and it looks trash too. Now we have these cryptopunks NFTs where it's 100% machine-generated pixel art, it's just rendered by a computer. It has no inherent value. The reason it's expensive, is for the sake of being expensive

[sp6r=underrated]

Looks more like they're taking CashApps money to advertise garbage to me

I don't begrudge athletes & celebrities for advertising somewhat sketchy products. Soda, beer are all bad for you but the public knows the score. The ads don't claim soda will give you six packs or beer will make you stronger. So I'm fine with it.

But crypto is a very sketchy product and I do have scorn for Brady, Damon and others who advertise it. The product has no utility at this point save for faciliating illegal transactions and pure spectulation. The former is bad and the later depends on an ever larger pool of suckers throwing in their money.

A lot of people are going to lose their life savings on these products and already affluent people shouldn't involve themselves with it.

[art_tatum]

Good time to do it while crypto is in a dip

[Kurtz]

In its simplistic form, crypto is a public ledger where all transactions that have ever happened on the blockchain are viewable to the public. It’s cheaper, faster, safer and TRANSPARENT.

That's BS, man.

There are constant stories about folks losing all their crypto to scams, to lost usb drives, etc.

Hell, I'll give you a personal example. I made a couple grand playing the altcoin roulette on Binance. I exchanged it into ETH and transferred over to CoinBase. Two of the bigger exchanges in the world, using the 2nd biggest cryptocurrency. Should be super safe, right?

Well, It asked me which protocol I wanted to use to transfer, I chose the one with less fees. Even did a test transfer first, which worked. Then did a main transfer, and Oops - I guess my browser lagged for a second and selected a different transfer protocol. Turned out I chose a protocol that Binance supported but CoinBase did not. Poof, 90% of Eth gone, can never be recovered.

Easy come easy go - but there are folks who've lost their savings because of quirks like that, or outright scams.

I won't even get into NFT, which are a bigger pyramid scam than even crypto.

[payton2kemp]

In its simplistic form, crypto is a public ledger where all transactions that have ever happened on the blockchain are viewable to the public. It’s cheaper, faster, safer and TRANSPARENT.

That's BS, man.

There are constant stories about folks losing all their crypto to scams, to lost usb drives, etc.

Hell, I'll give you a personal example. I made a couple grand playing the altcoin roulette on Binance. I exchanged it into ETH and transferred over to CoinBase. Two of the bigger exchanges in the world, using the 2nd biggest cryptocurrency. Should be super safe, right?

Well, It asked me which protocol I wanted to use to transfer, I chose the one with less fees. Even did a test transfer first, which worked. Then did a main transfer, and Oops - I guess my browser lagged for a second and selected a different transfer protocol. Turned out I chose a protocol that Binance supported but CoinDesk did not. Poof, 90% of Eth gone, can never be recovered.

Easy come easy go - but there are folks who've lost their savings because of quirks like that, or outright scams.

I won't even get into NFT, which are a bigger pyramid scam than even crypto.

Kids are gullible and lots of these influencers sell on types of garbage to these kids.

For anyone interested this is a good video. The whole concept of anonymity and privacy is pretty much a scam lol. People can see everything single thing you do on the blockchain, its worse than the real world. Yet this guys think they're starting some independent revolution lol.

Watch on YouTube

[step]

There are constant stories about folks losing all their crypto to scams, to lost usb drives, etc.

User error doesn't refute that, there are countless people falling to scams with real money.

[step]

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.

While that statement is true... I'm wary of the future of it given the issues/limitations around BTC in comparison to other coins.
If I had to choose, I'd probably side on Etherium for future long-term investment.

[Kurtz]

There are constant stories about folks losing all their crypto to scams, to lost usb drives, etc.

User error doesn't refute that, there are countless people falling to scams with real money.

The user made the claim that crypto is safer, which is an outright lie.

If you get scammed on a credit card purchase - CC will get you your money back. If your bank goes bankrupt - your savings are insured (up to a certain amount). If you try to make a purchase but the vendor doesn't accept a type of credit card...the purchase simply doesn't go through.


With crypto, there are absolutely no safeguards and no legal recourse, and every exchange makes up its own rules.

In 2021, there was $14bil lost to crypto scams. Tens of billions have been lost by people who lost their wallets/keys. And that's with a global adoption rate of only 2.5% (and those 2.5% use it scantly, unlike actual currency, due to crypto being a laughably ineffective method of payment).

[michaelm]

How much of Klay's $122m NBA guaranteed pay for the next 3 seasons is in bitcoin? None! The NBA pays in USD not bitcoins.

He might be buying some bitcoins with a portion of his paycheck, when he gets his paycheck, but if bitcoin becomes $0 next year, that portion of his NBA pay will *not* be $0.

There is a huge difference and they are completely misleading.

As a Warriors fan I dislike what they did.

It is different from the other NFTs stuff they (and other players) are pushing.

You can only waste so much $ on NFT, but it is more likely to have un-sophisticated people following their advice on bitcoin and potentially lose their shirt/home/family.

If they negotiated their NBA contract and say half will be USD and half in X amount of bitcoins, then I have no problem with that. But, that's not what they have done.

Sure, that's it, I doubt GSW are paying them in bitcoin although you never know in California, and if it is paid advertising they should say so. They are presumably at least endorsing an actual bitcoin product rather than one of the scams in regard to same.

[payton2kemp]

There are constant stories about folks losing all their crypto to scams, to lost usb drives, etc.

User error doesn't refute that, there are countless people falling to scams with real money.

The user made the claim that crypto is safer, which is an outright lie.

If you get scammed on a credit card purchase - CC will get you your money back. If your bank goes bankrupt - your savings are insured (up to a certain amount). If you try to make a purchase but the vendor doesn't accept a type of credit card...the purchase simply doesn't go through.


With crypto, there are absolutely no safeguards and no legal recourse, and every exchange makes up its own rules.

In 2021, there was $14bil lost to crypto scams. Tens of billions have been lost by people who lost their wallets/keys. And that's with a global adoption rate of only 2.5% (and those 2.5% use it scantly, unlike actual currency, due to crypto being a laughably ineffective method of payment).

I remember trading crypto for fun, it was such a **** process. Moving money in and out took forever from binance. It's been around for more than 10 years and there still are no useful real world use cases. Just more scams and a waste of energy mining cryptos.

[azcatz11]

I’ve gone 50x since my initial (sizeable) crypto investment in 2017. In 4 years. My life has been changed forever, it was the best decision I ever made.

And we’re still only getting started. Will probably 3-5x entire portfolio again this year.

Just sold 12 NFT’s for a 4.5x. Walked away with 6 ethereum from an initial investment of 1.5.

If anyone tells you crypto is a scam, start asking them questions about it. You’ll quickly learn they literally don’t know anything about it, don’t understand how it works, the technology that drives it, the communities that support it, and that they’re talking out of their cornholes. The naysayers haven’t spent hundreds of hours learning researching it, so why listen to them? They read a couple articles.

Don’t waste time listening their ‘advice’, start doing your own research.

Crypto is volatile because of its hyper growth and there have been and will continue to be big market corrections on the way to a 150T global market cap. We’re currently at 2T market cap, still SOO early.

Biden is about to print 3.5T US dollars. Meaning your dollars are now worth less because there’s more of them. No one has a say in that. Crypto is the opposite.

In its simplistic form, crypto is a public ledger where all transactions that have ever happened on the blockchain are viewable to the public. It’s cheaper, faster, safer and TRANSPARENT. And it’s decentralized, owned by the community, not the central banks and politicians. It’s supported by mathematics and technology, not credit agencies and old boys clubs.

Want access to the next electric car maker IPO? Too bad small fry, that’s for the underwriters at JP Morgan. The rich get richer.

Want access to the next pre buy coin that is creating an animated series on NetFlix using a dao token to fund the project, owned by the community of token holders? Only got $50 bucks? No problem you can join, no questions asked.

Klay is smart to accept btc. Total circulation will only ever be around 17M, when accounting for old coins that will never be recovered. That’s enough for .002 per person on the planet. Try to get your hands on one full bitcoin and store it away for safe keeping, you won’t regret it. It gets twice as hard to mine one bitcoin every 4 years, so price will always go up with a limited supply.

One btc will be worth north of 500K USD within the next decade.

Don’t listen to me or others, do your research.

Good for Klay.

I don't understand how it will be a currency if it's limited supply. Why would anyone ever sell it? That's the part that never made sense to me