Topic: What awareness would this bring to bitcoin - page 2. (Read 275 times)
Near or in the future we won't be able experience change of the prize money format on the FIFA World Cup. As an user mentioned it'll be provided in terms of the World reserve currency. Maybe in some situation if USD loss it's importance we might experience the prize money to be paid in bitcoin. Awareness about bitcoin happens through the advertisements being broadcasted during the match time.
It won't be paid in BTC. Do you know why?
It's because they can print as much USD and other fiat currencies as they want and they can't print BTC and I'm sure they're not going to mine it just to be able to pay these prizes.
What would you choose if you knew both options were going to be accepted?
Make some money for free with no risk or register at a private exchange to buy a decentralized currency that you can't control and risk sending it to a wrong address or mishandling it?
It's because they can print as much USD and other fiat currencies as they want and they can't print BTC and I'm sure they're not going to mine it just to be able to pay these prizes.
What would you choose if you knew both options were going to be accepted?
Make some money for free with no risk or register at a private exchange to buy a decentralized currency that you can't control and risk sending it to a wrong address or mishandling it?
There are some collaborations between football and cryptos through crypto betting website sponsorships. The teams can be pretty high-level there too, but I haven't seen it on the level of national teams, which I guess makes sense.
In terms of currency, it sounds like a good idea to at least give a choice of currencies to teams, given that the USD will be a foreign currency to almost all of them anyway.
And while it could be good publicity and dozens of millions of dollars worth of BTC movement, it's not significant enough to make direct impact on the price. However, if publicized widely, it could boost Bitcoin popularity temporarily and lead to FOMO. Unfortunately, that's far from happening.
In terms of currency, it sounds like a good idea to at least give a choice of currencies to teams, given that the USD will be a foreign currency to almost all of them anyway.
And while it could be good publicity and dozens of millions of dollars worth of BTC movement, it's not significant enough to make direct impact on the price. However, if publicized widely, it could boost Bitcoin popularity temporarily and lead to FOMO. Unfortunately, that's far from happening.
It will be a lot of attention but there's no need for that. There have been sponsorships that are doing their job as exchanges and other things related to cryptocurrencies.
I doubt it that the FIFA will do something like this but hoping that they won't close the door that they may do this soon and as well as keep on accepting sponsorships that have been part of the crypto industry with their services, although, they're centralized exchanges but we're just extracting that bitcoin is included into those ads.
I doubt it that the FIFA will do something like this but hoping that they won't close the door that they may do this soon and as well as keep on accepting sponsorships that have been part of the crypto industry with their services, although, they're centralized exchanges but we're just extracting that bitcoin is included into those ads.
The money is paid in usd (world's reserve currency), and it will continue to be paid in usd, probably until another fiat currency becomes bigger and stronger than the usd. But i don't think it is ever possible that the prize money for a global tournament like the the world cup can be paid in BTC. This question is similar to the popular one of 'if BTC will replace fiat', and the answer remains unchanged, BTC is a second option to fiat currency, it is not going to replace it, and the usd for now will remain the world's reserve currency and will serve purposes such as this.
According to “All Football” every team that participates in this year's FIFA world cup gets nine million dollars with the winner of the tournament going home with forty two million dollars. Here is a breakdown of the prize money in US dollars
Group stage - 9 million
Round of !6 - 13 million
Quarter final - 17 million
Fourth place - 25 million
Third place - 27 million
Second place - 30 million
Winner - 42 million.
When I looked at these numbers it got me thinking about how much awareness it would create for bitcoin if this money was paid in bitcoin to these teams. Would we ever live in that kind of world?
Group stage - 9 million
Round of !6 - 13 million
Quarter final - 17 million
Fourth place - 25 million
Third place - 27 million
Second place - 30 million
Winner - 42 million.
When I looked at these numbers it got me thinking about how much awareness it would create for bitcoin if this money was paid in bitcoin to these teams. Would we ever live in that kind of world?
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