It's already being used as such. Off the top of my head, an artist is essentially giving some away as a prize for solving a puzzle within his artwork. I'm sure there are plenty of other instances.
I don't necessarily believe that giving some away as prize money is revolutionary. If I were to choose, I'd much rather have more merchants (major commerce giants like Amazon, especially) accept it as payment because it would have a much more lasting effect towards adoption.
Topic: Bitcoin as prize money. (Read 109 times)
Giving Bitcoin as a prize depends on its value for the participants in that award. If I did not know the significance of the Bitcoin, I would be surprised when received 0.5 bitcoin "Looks like it is a low value." which is about $ 4000.
I remember that a television channel asked random participants what better to get one dollar or one bitcoin. The majority chose the dollar because they did not know Bitcoin.
I remember that a television channel asked random participants what better to get one dollar or one bitcoin. The majority chose the dollar because they did not know Bitcoin.
As far as I know and most of us here in this community aware, Bitcoin will be use as money for the near future.. It will be digital and paper money & coins will be useless 
We hope and for sure this is possibly .
We hope and for sure this is possibly .
If it is possible that bitcoin can get as prize money it will be revolution. Is it possible that in many championship or national event bitcoin will be given as prize money?
It also can be given as a achievement or something in TV shows.
It also can be given as a achievement or something in TV shows.
In my own opinion yes it is posble, It will be possible if the bit coin have its own value like money. It can be use anywhere and everywhere when it is knowing by all people around the world. But for now we dont have idea. But when can find it out in the future.
If it is possible that bitcoin can get as prize money it will be revolution. Is it possible that in many championship or national event bitcoin will be given as prize money?
It also can be given as a achievement or something in TV shows.
It also can be given as a achievement or something in TV shows.
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