Bitcoin Forum

Source: http://www.coindesk.com/50-cent-bitcoin-payments-new-album-animal-ambition/ (http://www.coindesk.com/50-cent-bitcoin-payments-new-album-animal-ambition/)

50 Cent’s Shopify store will accept bitcoin payments for the new release, with BitPay acting as the payments processor.
So that is very cool I think more and more artists are accepting bitcoins.

I think alot of people have grown up with 50 cents music like his song in da club.
But what would be really cool, if they give the people that buy bitcoin a signed copy of his album.

just something like that so it would also attract new people to Bitcoin.
Or do you think this news will just make people buy bitcoin that listen to 50 cent?
 

Well he's not really accepting bitcoins is he? He's accepting cash, and letting you give him cash via BitPay.

Interesting, will this begin the start of a new craze, so every artist starts to accept Bitcoin?  ;D

"release june 3rd"

.. well for me its now the 4th.. so i guess i can go to shop.50cent.com and pay in bitcoins.

<goes to the site>

.. i see no mention of a bitcoin price or any sign of 'bitcoin accepted here' on main page
.. i see no mention of a bitcoin price or any sign of 'bitcoin accepted here' on the shopping cart page
.. i see no mention of a bitcoin price or any sign of 'bitcoin accepted here' on the billing address page
........... oh wait right at the end. there you are my bitcoin friend..

hang on.. 50cents is not accepting bitcoin. Shopify is accepting a bank wire transfer from bitpay, and then passing 50cent his royalties cheque in dollars..

but i want to buy iTunes with my bitcoins

Oh that actually sucks, I tought he himself accepted it.
But atleast it's a step in the right direction if every artist would be accepting bitcoins.
Some use bitpay, some may even store them.
But i dont think it attracts alot of new people to bitcoin.
But a few everytime is also good I guess.

http://www.reddit.com/r/IAmA/comments/277lmj/its_50_cent_ask_me_anything/

 He had a reddit discount so I got an album

No, he is actually accepting bitcoin.

Just like if someone were to pay in Euros, it would be converted to dollars before reaching him.

Thats pretty fucking awesome in my book actually.

no HE is not. HE never has a personal bitcoin wallet.

his recording company ( Caroline Records and Capitol Records ) does not have a bitcoin address.

shopify, may or may not choose to keep a percentage of bitcoins. but knowing their business model in regards to paying royalties to the record company/artist. i dont think they keep much bitcoin if any.

I want to buy Apple with my bitcoins.

this is what 50cent shoulda done..

https://www.youtube.com/watch?v=DZ_0drhwbWY

skip to 1:50 to see my point

better advert for bitcoin's - if only it were from a well known artist such as  ;D 5dimes  ;D

Well, it is a start - and better than nothing. Now.... if someone could point him to some 'services' he would enjoy where he could use bitcoins, maybe he would just keep them and use them.  ::)

Now this is really cool news. I love 50's first album - "Get Rich or Die Tryin'" doesn't have a bad song on it. He may be just another mainstream rapper by now, but he has a VERY good business sense and this doesn't surprise me at all. There's no downside to accepting Bitcoin for your work - in fact, you will only get good press and more buyers.

I don't care for his music but this is a pretty cool thing. Might help reduce the geek stereotype a bit.

People really view him as an entrepreneur in the Hip hop game, so I'm sure many others will follow. Ultimately there will probably end up being basically bit-tunes or an iTunes like service accepting btc.

50 had lately only been working at his boxing promotional company, so I'm sure that will get tied in somewhere too..

Now he needs to change his name to Fitty Satochi.

fo' shizzle, dawg

Why so much criticism? I don't bother whether he is having a personnel bitcoin wallet or not. The important thing is that, if you have Bitcoins, then you will be able to buy his albums.

As long as you can get what you're looking for by paying with bitcoins it counts as if he's accepting bitcoins.

This is good news. I would like to buy ;D

Wow can't believe I missed this. Thanks for posting.

relevant question from the thread: "what made you want to accept Bitcoin payment for your new album?"

50 cent: "stay with times. technology is what's changing the business gotta get with it. I take money no matter if its coins or dollars."

 That's a good answer. He recognizes that the technology is changing and you will get left behind if you don't accept it.

I hope more artists start accpeting bitcoin. It's good for publicity for both parties when they do.

It's good PR for sure and shows that 50Cent has brains
Not sure if this is a big deal for adoption though
Will fans adopt just because their heroes are given the obstacles that exist to acquiring and securing btc?

I hope this is a good start bitcoin acceptable among any including Hollywood superstars in there

50 Cent probably didn't instigate it, but he's made many other business decisions that have made him a lot of money.

I'm sure if those celebrities "advertised" Bitcoin, it would become Huge. I remember 50 once advertised a penny stock he has stake in on his Twitter, and made 9million off of it as his fans went to grab it up.

That is unethical. That is market manipulation.

The penny stock mentioned here is HNHI. Quite a worthless stock, and the company does not do anything other than importing the "Sleek by 50" headphones that 50 Cent endorses.

Is that even legal? Thats just like a pump and dump isnt it?

Should we call him 50 Bit?

 ;D ;D ;D

When was the last time he released an album, I don't listen to his music.

That sounds very unethical indeed. Depends how he advertised it though.

He had a few million Twitter followers. He tweeted in his account, urging is followers to buy the shares. May did so, and the price climbed to almost $2.00 per share from just $0.10 in no time.  ;D

Most of his followers are probably kids and plastic gangsters so I'm not sure how they managed to buy stocks.

With 50 cents accepting bitcoins as payment for his new album we I hope will see soon others VIP following it.

Most of them. Not all. Remember that the total market cap of that stock (before the tweet) was like $ 10 million. Even if 5% of his twitter followers had spent just $1,000 each to buy the stocks, that signals a massive investment of $250 million.

That's progress though, right? This is a step towards artists accepting bitcoins as payment.

Fitty cent is yesterday's news. Lil Jon is the shit now. Turn down for what?

if this is true then bitcoin are going mainstream now  :)
hopefully to see many artist accepting this then maybe bitcoin will bring back to its original price of 1k usd because of its demand

Maybe for Bitcoin ehthusiast, he/she will spend 5o cent listening to music.

Very smart way to make money in the age of piracy if this goes well then more record labels will use bitcoin to sell records and that will be highly beneficial to the bitcoin community.

lol... 50 cent alone can take Bitcoin to $1,000.

He is having more than 5 million Twitter followers. If just 1% of his followers buy BTC1 each, then the exchange rate will hit $1,000. (Just like what he did with the penny stock HNHI).

Yeah I was looking at cryptocoins for some time.  ;D

I'm not a fan, but I do see it as a good sign of Bitcoin adoption.
I hope other artists will follow suit :)

Whether he gets paid in cash or BTC this is still a step in the right direction. I love this actually and it's a great way to show other artists the ropes so they can eventually accept BTC as well. It's only a matter of time before BTC starts becoming accepted for almost anything online.

And when it does, price will skyrocket. Better buy now while it's still affordable, heh.

I have a source on his next album title. "Get Rich or Die Mining"

he is a intelligent person,thats why he does

Lol, if he endorses Bitcoin that may very well be his next album title :P

Wow, that pretty awesome, but i think i would find cooler things to buy with bitcoin. Not a fan of 50 cent

Whether or not you like him and plan to actually buy the album doesn't matter. What matters is that he is promoting Bitcoin to his huge fan base and encouraging other artists / entrepreneurs to accept bitcoin as payment. 50 Cent reaches out to millions of people so when he does something, people notice.

Smart guy.  :)

If he is promoting Bitcoin, then I suspect that he is having his own reasons for it. He might have amassed a large number of bitcoins, and might be waiting to offload them. He has already did the same with HNHI.

This is a good one from 50 cent. So we can buy it with btc but where is the delivery robot?  ;D (if you remember his old tweet)..

Wow thats really good promoting on bitcoin a SUPERSTARS accept BITCOIN !

What do you expect from a gangsta? You have to keep up with the times, like the man himself said. Beats waiting to get gunned down by some teenager driving by...

Question is, does the new album have a track called "Pumpin' 'n' Dumpin ('s how we roll, now)"

lol... he can do as much Pumpin' as he want, but there is not going to be any Dumpin for sure. There is a lot of demand for Bitcoin right now. Even a dump of BTC10,000 can't do much permanent damage to the exchange rates. (I really doubt whether he has that many).

It's the beginning of the real adoption. :)

It is, lets wait for more and more company will start accepting Bitcoin.

Too bad this isn't true. I was hoping it was.

WTF man? The news is true and 50 cent is actually selling his latest album for Bitcoin (through the processor Bitpay). It is true that he is not directly accepting Bitcoin, but you can buy his album for BTCs.

Everything said here is true, he's just not accepting it 'directly'.

no 50cent is not selling his album for bitcoins.

his record company is PUBLICISING the record in RELATION to bitcoins.. yes
his record company is using SHOPIFY to sell the record
Shopify are using bitpay to accept bitcoins..

but all in all
50cent receives FIAT from record company
record company receives FIAT from Shopify
Shopify receives FIAT from Bitpay

the distance between 50cent and bitcoins financially is 3 companies apart.. its only th publicity stunt, also known as advertising that has a direct link to the name 50 cent, not the person

It might be 3 companies apart, but it's still closer than any other world famous artist. :p

The actual sales of albums will likely have very little effect on the acceptance of bitcoin.

The positive of this news is that it will create more awareness about bitcoin.

Meh. I've been accepting bitcoin directly for one of my albums for just shy of two years.

https://www.coindl.com/page/item/293 (https://www.coindl.com/page/item/293)

OK, so I don't have quite as high a profile as Fitty.

Hmm... maybe I oughta reprice that sucker. It was a good value at the time I put it up. XD

Good advertising, bro. :)

Good, maybe 50cent doesn't even know a bean about Bitcoins but i think things like this increase it's popularity both Bitcoin and the Artist, i

as a musician, am personally glad of this because Bitcoin opens an endless lot of opportunities for us.

Those are some steep prices. 650 dollars for 12 songs? I guess at the time you put it up it was more like 10.  ;D

Somewhere about $8, if memory serves.

Wait - I mean - hey! It charted and all! Gotta be worth it. ;^)

I'll update it when I get the time to work through the CoinDL interface again.

ETA: get rich or die tryin'

great news.
wish we could use more artists to spread the bitcoin

That's a great news, hope that more artist accepts Bitcoin in the next future, label including (Sony, Vevo ecc.).

More of this, I follow 50 cent and I listen him  ;D

Cents accepting Bitcoin....that's just hillarious.

I tried putting some tracks for sale on Coindl but kept getting told to re upload them so I gave up (last year).

For those interested, you can sell your tracks on Soundcloud for bitcoin (or doge/ltc etc) by using a site called Coinlock. You upload the track to Coinlock then use the link you get from them on Soundcloud on your song listing. You have to enter all the record label/ release date BS but once you have done that you will have a nice button/ link under your track saying something like "buy now with bitcoin!".

Now, I haven't sold any tracks to know that Coinlock works but it seemed pretty "legit", be your own label!

P.S. ofc it would be much better not to have a centralize company holding your tracks but it's still early days.

so he will dump millions of bitcoins to get his migthy $
just lol if you think rappers are going to be rapping about anything but cash$

It's a big deal for my adoption of 50 Cent. Don't think I've bought a rap Album since N.W.A.

If 50 cent starts to keep his coin he can collaborate with ytcracker https://soundcloud.com/ytcracker (https://soundcloud.com/ytcracker) and do a remake of Bitcoin Baron https://soundcloud.com/ytcracker/ytcracker-bitcoin-baron-v1-ssl (https://soundcloud.com/ytcracker/ytcracker-bitcoin-baron-v1-ssl)  ;)

I don't really like this kind of music but I support the idea!  ;)

WOW  :o
The good news, if so I'll buy it  ;D

none the less, its nice to see any bitcoin related press/exposure.
bitcoin is still young, but of all the others investment opertunities, it seams to be blooming the best :)

This. And Laxori666 does not really know what 50cent is doing with the bitcoin sales of his album. He already has a lot of money and would not necessarily need to convert it to fiat right away.

May be. He has already done similar shit with the penny stock (HNHI). He might stash quite a few coins, and then urge his Twitter followers to do the same, just like what he did with HNHI.

Do you have a link/source that he did this?

What, you don't knew about this?

Check these:

http://www.theguardian.com/business/2011/jan/11/50-cent-ramps-stock-on-twitter
http://www.huffingtonpost.com/2011/01/11/50-cent-makes-87-million-on-twitter-encourages-fans-to-invest-in-scheme_n_807327.html

F^cker conned his fans and made some $9 million from the penny stock.  >:(

There are several interesting things to notice here:

Firstly, the simple fact that so many people look up to a single individual like this that's nothing but a rapper.
Secondly, that they blindly invest and/or support his endeavors.
Fanboys will agree with whatever they idol says.

I think that those who lost out has learned some very important lessons: People care about themselves first, fans are for most musicians nothing they particularly care about once they become big enough. And is really a single individual worthy of all that attention and admiration? And lastly, you never invest in something because your idol just tweeted about it, it might pique your interest, but do your own research.

Sometimes I cannot stop to be amused of the silliness of people.

50 cent calling out stocks might be the only thing worse than Jim Cramer.... whoever listened is not exactly a financial guru.

That is very interesting. I am curious as to why he was not charged with insider trading/market manipulation. #teamobama #becauseheisblack

Do y'all think he would have accepted Coinye? :D