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(Fox Business)   NFL player elects to take half of his $13m salary in Bitcoin. The other half will be paid in Aladdin's Castle tokens   (foxbusiness.com) divider line
    More: Interesting, shot  
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422 clicks; posted to Sports » on 29 Dec 2020 at 10:43 AM (15 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



27 Comments     (+0 »)
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2020-12-29 9:53:17 AM  
Original Tweet:

 
2020-12-29 10:23:05 AM  
How to lose your a$$ in one easy lesson.
 
2020-12-29 10:25:07 AM  
So... he's saying he wants to buy child porn?  Is that what I'm reading?
 
2020-12-29 10:34:03 AM  
I got half my salary in Ripple. Now I'm drunk as f*ck.
 
2020-12-29 10:47:01 AM  
Is he trying to save John McAfee's dick?
 
2020-12-29 10:48:18 AM  
Should have invested in doge coin imo
 
2020-12-29 10:51:03 AM  
The dated ones that say "SEGA" on the back in the old 'red diamond' logo are worth beaucoup bucks.

/Like $100 EACH. (Pre-1985, when AC went from Sega Inc. to a franchise model.)
 
2020-12-29 10:54:38 AM  
He  should go with this, too:
upload.wikimedia.orgView Full Size

...just to cover all bases.

at least they're worth ...something
 
2020-12-29 11:08:02 AM  
I'll bet his agents took their part in good ol fashioned cash.
 
2020-12-29 11:09:18 AM  
Bitcoin is just like Tesla stock right now. There is no reason for it to go up, it costs vastly more than it reasonably should but as long as another sucker comes along to buy it for more than you spent on it, it will keep going up and up. Until it doesn't.
 
2020-12-29 11:16:45 AM  
When my previous company asked for new company benefit ideas, one guy asked for the ability to be paid in gold and crypto. He was serious. Yeah like Pam in payroll can figure that out.

He was also early on the btc wagon and eventually moved the Philippines around the first time it hit $20k

// Csb
 
2020-12-29 11:23:44 AM  
Aladdin's Castle at Northland Mall!

I was too young to muscle my way in but I always spent time being the seventeenth kid standing behind the Double Dragon machine just trying to get a glimpse of the screen for more than a nanosecond.

They also had some big ass helicopter game where you could sit in the seat, that was pretty neat the one or two times a year my dad took out a mortgage so I could play it for a few moments.
 
2020-12-29 11:54:58 AM  
Is he crazy, or is that a lot of Bitcoin?

Fark user imageView Full Size
 
2020-12-29 11:56:13 AM  
At least he is only half a fool. I know people who have put everything into Bitcoin.
 
2020-12-29 12:18:39 PM  

oldernell: I'll bet his agents took their part in good ol fashioned cash.


I don't think he has an agent; negotiates his own contracts.
 
2020-12-29 12:27:50 PM  

Get Rich or Try Dyin': oldernell: I'll bet his agents took their part in good ol fashioned cash.

I don't think he has an agent; negotiates his own contracts.


Looks like he dumped his agent in 2015 and self-negotiated his contract with the Chargers, but has gotten an agent sometime since.
 
2020-12-29 12:46:10 PM  
I'm just an ignorant old man so somebody please tell me what sorts of things you can actually purchase with bitcoins.

Can you buy a car, a house, jewelry that's not hot (stolen for the youngsters).

Just curious.
 
2020-12-29 1:03:25 PM  
I used to spend many hours during the weekends at Aladdin's Castle as a kid.
 
2020-12-29 1:04:04 PM  

Porkbelly: I'm just an ignorant old man so somebody please tell me what sorts of things you can actually purchase with bitcoins.

Can you buy a car, a house, jewelry that's not hot (stolen for the youngsters).

Just curious.


I've never bought/used bitcoin, but in my estimation it's most useful (at this point) in various degrees of nefarious transactions ranging from online gambling (legal but U.S. banks can't be involved) to drugs to firearms to certain illegal types of pornography.  I'm not endorsing such usage, just saying that's what it's best for based on my understanding.

That said, there are plenty of perfectly legitimate transactions you can make with bitcoin, but it's nowhere nearly as ubiquitously accepted as cash/credit/check.  Some view it as an investment, and some people have gotten rich, but I think that ship has sailed for the most part.
 
2020-12-29 1:05:14 PM  
Also, I loved Aladdin's Castle.  Good pull, subby.
 
2020-12-29 1:31:36 PM  

Porkbelly: I'm just an ignorant old man so somebody please tell me what sorts of things you can actually purchase with bitcoins.

Can you buy a car, a house, jewelry that's not hot (stolen for the youngsters).

Just curious.


Nice try IRS.
 
2020-12-29 1:31:41 PM  
 
2020-12-29 1:45:14 PM  

Porkbelly: I'm just an ignorant old man so somebody please tell me what sorts of things you can actually purchase with bitcoins.

Can you buy a car, a house, jewelry that's not hot (stolen for the youngsters).

Just curious.


You can cash them out for real monies.
 
2020-12-29 5:11:47 PM  

Porkbelly: I'm just an ignorant old man so somebody please tell me what sorts of things you can actually purchase with bitcoins.

Can you buy a car, a house, jewelry that's not hot (stolen for the youngsters).

Just curious.


The gas station near my house has an ATM that you can convert bitcoin to real $$$. No idea on the fee since the ATM brand is ATM
 
2020-12-29 5:32:48 PM  
I'm sure all of this is stipulated in the contract, but...
Who pays the fees to convert USD to Bitcoin?
How do you handle the fluctuation of the exchange rate?
When is the actual pay date to calc the exchange rate?
When the payment is made, where does the payment get deposited?

The accounting department has to thinking wtf.
 
2020-12-30 2:30:54 PM  

Porkbelly: I'm just an ignorant old man so somebody please tell me what sorts of things you can actually purchase with bitcoins.

Can you buy a car, a house, jewelry that's not hot (stolen for the youngsters).

Just curious.


As of today if you had 1bc (BTC), you would have $28,700 USD.  So imagine, if you were holding $28,700 in your hand, you can buy things that cost that much.  If you had 0.5bc, you would have half of that, so $14,350 and you could buy stuff with that.

Or another way to think about it.... if you had 1 share of Disney stock today, you would have about $181 USD.  You could buy different things (groceries, gas, porn-hub membership, plants, an oil change, USB hard drive, etc....) that cost up to $181.

I didn't RTFA, but if this guy actually got paid half of his $13m salary in BTC up front, that's $6.5m worth of BTC, which is up 2% right now.  So he made $130k today.
 
2020-12-30 2:38:07 PM  

Burns like hellfire: I'm sure all of this is stipulated in the contract, but...
Who pays the fees to convert USD to Bitcoin?
How do you handle the fluctuation of the exchange rate?
When is the actual pay date to calc the exchange rate?
When the payment is made, where does the payment get deposited?

The accounting department has to thinking wtf.


It's no different than having compensation paid in stock, and is routine.  I think the only reason this is "news" is because it's in crypto, which most people find obscure and fictional in value, which is false.

Look at any publicly held company for examples.  A CEO might take a $500k salary in cash, and get $10m in stock awards.   This is no different.
 
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