KalaiBTC
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January 05, 2018, 01:47:51 PM |
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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.
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South Park
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January 05, 2018, 08:52:15 PM |
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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 ? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FMpZwUAw.jpg&t=665&c=SlOrVB25xsG9hA) 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.
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llyfee4u
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January 05, 2018, 09:55:35 PM |
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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.
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pixie85
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January 05, 2018, 10:12:07 PM |
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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.
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Janinjo11
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January 05, 2018, 11:37:36 PM |
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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.
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Lionidas
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January 05, 2018, 11:39:45 PM |
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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](https://bitcointalk.org/Smileys/default/undecided.gif)
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oegarod
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January 05, 2018, 11:58:26 PM |
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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.
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siti25
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January 05, 2018, 11:58:50 PM |
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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.
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South Park
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January 06, 2018, 08:20:15 PM |
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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.
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carodupuis
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January 08, 2018, 05:56:35 AM |
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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.
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StonedWolf (OP)
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January 16, 2018, 10:45:45 PM |
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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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LuanX3
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January 19, 2018, 11:16:58 AM |
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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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TheGodFather
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January 29, 2018, 04:43:15 AM |
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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 ? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FMpZwUAw.jpg&t=665&c=SlOrVB25xsG9hA) 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
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szpalata
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January 29, 2018, 01:49:11 PM |
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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.
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DU18
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January 29, 2018, 02:45:09 PM |
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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.
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tabas
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January 29, 2018, 07:04:06 PM |
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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.
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Theb
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January 30, 2018, 01:39:43 AM |
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It is possible in the future but it will always depend on two things which is first the club owner and of course the legality of Bitcoin where the club is situated in. If the two requisites are all good then there will be no problem for a club paying in Bitcoin for the transfer fee of the player. I don't see any wrong with this as even car sellers are now accepting cryptocurrencies outside of Bitcoin which is really a good sign as many businesses are seeing what opportunity cryptocurrencies are giving to us. We can also say that these businesses are not afraid of the volatility as they can handle it on their own.
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rickadone
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January 30, 2018, 07:15:02 AM |
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It is possible in the future but it will always depend on two things which is first the club owner and of course the legality of Bitcoin where the club is situated in. If the two requisites are all good then there will be no problem for a club paying in Bitcoin for the transfer fee of the player. I don't see any wrong with this as even car sellers are now accepting cryptocurrencies outside of Bitcoin which is really a good sign as many businesses are seeing what opportunity cryptocurrencies are giving to us. We can also say that these businesses are not afraid of the volatility as they can handle it on their own.
I wonder why it is not already happening in the sports world as they are would have been many big shots are already using bitcoins for many reasons and then they are approaching any player for paying them with the bitcoin payments along with explaining what are the advantages they will be having by accepting bitcoin payments. Because sports industry is a multi trillion industry and players are being signed for millions. The recent IPL auction is a good example. When players are considering about paying multi-tier taxes then definitely they will prefer to go for crypto based payments for sure.
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BlockEye
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February 01, 2018, 04:41:54 AM |
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It is possible in the future but it will always depend on two things which is first the club owner and of course the legality of Bitcoin where the club is situated in. If the two requisites are all good then there will be no problem for a club paying in Bitcoin for the transfer fee of the player. I don't see any wrong with this as even car sellers are now accepting cryptocurrencies outside of Bitcoin which is really a good sign as many businesses are seeing what opportunity cryptocurrencies are giving to us. We can also say that these businesses are not afraid of the volatility as they can handle it on their own.
There are employees soon that will be paid thru bitcoin in Japan soon as the news flew last year of December, meaning we can't really tell this early that it will be impossible, it will base if an Sports agency or organization will be open on this idea. Having bitcoin as salary can be a good idea to those who have already knowledge in cryptos but to those who are just starting it will took them courage if they will accept it. There are sports organization that are open for ICO or have idea to run some ICO, who knows some of them might offer paying their players in bitcoin soon.
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