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Topic: Will we ever see players transfer paid with bitcoin ??! - page 2. (Read 890 times)

hero member
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Well, i even suspect there are some already but they don't intend to make them public in this era of football tax fraud here and there. Some teams might pay in bitcoin a part of the transfer fee in order to skip taxes so that they will under declare the value of the footballer or athlete in public. As time goes by i think bitcoin will have its place among us and such fees might be paid and quoted in bitcoin.
This is possible that they don't want to disclose that their contract is being paid with bitcoin or they are paid but with an undisclose contract so that they can certainly avoid some big taxation. Who knows? We are all guessing on what's the possibility if this is for real but if not, in the future this is definitely possible.
sr. member
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Could we see some deals paid  in bitcoin ?



That's a good question but I really didn't thought about this.We know millions of Euro/dollar are handover while transfer.Recently we saw the biggest transfer of Neymar which worth 222M.I think it will be good idea to pay on bitcoin for the player transfer.But as we know bitcoin price always in ups and down.So I don't think Club team authority will agree on this.Because it's can reduce the actual amount of release clause.Another problem is many government don't accept bitcoin, they banned it permanently.So it won't be possible on those countries.
sr. member
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Well, i even suspect there are some already but they don't intend to make them public in this era of football tax fraud here and there. Some teams might pay in bitcoin a part of the transfer fee in order to skip taxes so that they will under declare the value of the footballer or athlete in public. As time goes by i think bitcoin will have its place among us and such fees might be paid and quoted in bitcoin.
hero member
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From one summer to the next one,  the price of the players is multiplied as well as the highest player's price in the history, at least by 2 times. As a result, due to the permanent elevation of the prices of players , and due to the new emerging laws in our sports which is : money is every things !
Could we see some deals paid  in bitcoin ?



For that to become possible a lot of things has to be operational first. One, the government and all major countries should now recognize bitcoin and cryptocurrency, two that it has been regulated to an extent that it is integrated to become a part of the economy and three that it is recognized as a payment system and on par with the paper money in whih we wre using now
hero member
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Of course, it won't happen.  Bitcoin will never be used to pay for player transfers because of its volatility.  It can be used maybe for some internet games and players, but surely never for football player transfers. Clubs have enough money. They don't need bitcoins to get a player.

On the one hand, I think the volatility would not cause any problem because the of both sides will agree on the exact value in bitcoin and also all the details remaining. Also, they will report, a contract that guarantees everyone's rights. In the other hand, this point of weakness could be turned into a quality because the price can go up and volatility in this case becomes a feature of bitcoin.

Volatility affects a lot of things, yeah you can stipulate the amount of BTC that would be paid, but that does not stop the price from falling or rising. It would result to a loss on either side. First of you don't convert your BTC immediately after payment nor would you be able to pay using your bitcoins directly after buying it. There is a time difference from all those actions.
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Of course, it won't happen.  Bitcoin will never be used to pay for player transfers because of its volatility.  It can be used maybe for some internet games and players, but surely never for football player transfers. Clubs have enough money. They don't need bitcoins to get a player.

On the one hand, I think the volatility would not cause any problem because the of both sides will agree on the exact value in bitcoin and also all the details remaining. Also, they will report, a contract that guarantees everyone's rights. In the other hand, this point of weakness could be turned into a quality because the price can go up and volatility in this case becomes a feature of bitcoin.
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I don't know if the franchise meaning the team would be utilizing Bitcoin as the currency that they are going to pay for players, especially the sports people. I think it is more ideal for the E-Sports gaming atmosphere that would utilize Bitcoin as a mode of payment for them or a salary of some sorts.
I don’t have the same opinion in this regard. People are getting aware of BTCs day by day due to its increasing fame. Also many countries around the globe, some of which are considered as super powers of future also accepted bitcoins for trading purpose.

In future, the whole world is going to be digitalized then how can one say that Btcs will not work as they are also digital currency. Also, people need secure and less frustrating thing than money.
hero member
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I do think we'll come to a stage where players can be paid with crypto currency but it might not necessarily be bitcoin, i believe that governments will at some point issue their own crypto currencies.  May be a worldwide token standard or something.
The point the OP raises might happen at some point in the future but i doubt it'll be any time soon.  For this happen, not only do businesses have to adopt crypto currencies, governments have to as well because it has to do with employment, taxation, regulations etc.   And then you have the problem of volatility, if bitcoin goes up player ends up earning from the club more than it is contracted, if bitcoin price goes down, player might earn less than contract dictates etc.
I suppose one way it can happen soon is if for instance, for a particular player transfer, tax and other deductibles are taken out of a total figure first then the contract could be worded as any monies left which is due directly to player is to be paid in bitcoin, i've no idea how this would work or look legally though.


But what will be the point of getting a crypto issued by a governments? It will be better for you to get fiat instead, this is what governments do not understand what kind of incentive they are going to give people to use their crypto, we use bitcoin because it is not affiliated to any government in the first place.
hero member
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I guess not unless bitcoin is legal in all countries in the world. So the possibility still exists, but not in a short time. It will only happen for a long time in the future. And I really doubt that happened, why? Because I doubt bitcoin will be legal in all countries. I'm not sure that will happen, the pros and cons about bitcoin will continue to exist.
sr. member
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In future things might happen in a similar manner, if players start realizing the growth taking place with bitcoin. Maybe already some deals could have got signed between players and sponsors getting paid in bitcoin. But such news won't get revealed that easy for some reasons.
hero member
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Sure it can happen since there is a high value in a bitcoin being over $17000 each one as of today.
So I can see them offering an incentive if they accept to be paid in this form of currency as it is being accepted more and more across the world.
It is worth more than gold per ounce so why in the heck would they not? Undecided
full member
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Of course, it won't happen.  Bitcoin will never be used to pay for player transfers because of its volatility.  It can be used maybe for some internet games and players, but surely never for football player transfers. Clubs have enough money. They don't need bitcoins to get a player.
hero member
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We will. It's only a matter of time before it happens. We had our first Bitcoin pizza, now we got restaurants accepting Bitcoin all around the globe. We had cars sold, now we can buy a Lamborghini if we need to. It may take a year or two, but it will happen. I bet some club will do it just for the attention and free advertising on bitcoin portals. 
full member
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I do think we'll come to a stage where players can be paid with crypto currency but it might not necessarily be bitcoin, i believe that governments will at some point issue their own crypto currencies.  May be a worldwide token standard or something.
The point the OP raises might happen at some point in the future but i doubt it'll be any time soon.  For this happen, not only do businesses have to adopt crypto currencies, governments have to as well because it has to do with employment, taxation, regulations etc.   And then you have the problem of volatility, if bitcoin goes up player ends up earning from the club more than it is contracted, if bitcoin price goes down, player might earn less than contract dictates etc.
I suppose one way it can happen soon is if for instance, for a particular player transfer, tax and other deductibles are taken out of a total figure first then the contract could be worded as any monies left which is due directly to player is to be paid in bitcoin, i've no idea how this would work or look legally though.

hero member
Activity: 2884
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I am terrible at Fantasy Football!!!
From one summer to the next one,  the price of the players is multiplied as well as the highest player's price in the history, at least by 2 times. As a result, due to the permanent elevation of the prices of players , and due to the new emerging laws in our sports which is : money is every things !
Could we see some deals paid  in bitcoin ?


Not going to happen anytime soon, first bitcoin will need to be recognized as legal tender and that has not happened in many countries, it is the same issue with gold, in many countries is illegal to pay stuff with gold, or to trade for gold, but you can sell something for your local currency and then buy gold with it, so if a player wants bitcoin he will need to buy it himself.
full member
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We will certainly see players being paid with bitcoins in future. Bitcoins are gaining popularity, and value is being gained in recent period to a large extent.
Bitcoin have been a major revolution in economics in recent period and people are slowly accepting it marginally everywhere.

So we can very much say that bitcoins will be accepted and given as payments and transfers for players. It will actually be liked and enjoyed by the players themselves because what they win automatically becomes investment.
I also have the same thinking that the players’ transfers would be done in BTCS in coming years because BTCs are becoming legal in most of the countries around the world. Also, it will reduce the problems related with real money when the transfer is being done. Paying player’s price in BTCs would also make the process more fast and reliable because instead of the bundles to count, authorities would have to check limited BTCs that would be transferred to them.
sr. member
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I don't know if the franchise meaning the team would be utilizing Bitcoin as the currency that they are going to pay for players, especially the sports people. I think it is more ideal for the E-Sports gaming atmosphere that would utilize Bitcoin as a mode of payment for them or a salary of some sorts.

The problem either way is that right now Bitcoin fees are through the roof. A player would need to wait weeks for their money to come through unless they want to lose 10% of their salary which I don't believe anyone wants.

With that said, I don't think BTC players transfers will be made anytime soon (unless it's done by LN).
full member
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It won't be possible and for the only reason is that bitcoin could help more players that are already evasing taxes, bitcoin cannot be supervised and for the countries that are paying these players huge amounts of money they need to control every player income so they pay the right amount in taxes.
full member
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That will be a good development if it ever happen because most countries are busy banning their citizens from using Bitcoin. I think our other concern should be, if the players whom might be paid in bitcoin have an interest in bitcoin. Its one thing for you to give or pay someone in Bitcoin, its also another thing for that person to know the worth of what he/she is been given.
hero member
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It is an interesting concept and I'm sure at some point we will see a transfer paid in crypto it would be great for publicity. There would be a few barriers in the way tho such as tax and bitcoin would have to be used mainstream. 
For them to pay them using crypto currency,either they have to start a new coin so that they could pay them  Tongue other than that it is really hard and cumbersome to purchase a huge amount of coins as the transfer charges for the players are really huge and buying millions in coins alone could give a rally in that coin if they decide for fun.
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