metabear said:
BearoutEast67 said:
Do we get paid in Monopoly money?
Apparently.
Quote:
On behalf of the university, Learfield, the multimedia rightsholder of Cal Athletics, will accept payment in cryptocurrency.
About a week back was the 50th anniversary (Nixon) of the US going-off the gold standard. As a kid who took his weekly allowance to the local coin shops to purchase world currencies, I collected money from over 100 different countries before I traveled outside the US for the first time. I've long been fascinated by the concept and valuation of money. A ten dollar bill, for example, was worth its value in gold. No longer...
The world, and more recently the US has been printing money at rates never seen before. Nearly 40% of the dollars ever printed were put into circulation this past year. Our dollars are worth less and less because of such, and with no gold backing, it's all about the full faith and trust of our government. Yup, "I'm from the Government and I'm here to help.", those guys... Monopoly money, funny money? Yes, our USD. The whims of centralized fiat currencies served as the impetus for Bitcoin and all that follows.
Bitcoin and crypto are increasingly being added to balance sheets, becoming legal tender, crypto ETFs are being created, tech companies hiring crypto experts like crazy, big money is getting more on-board, even the likes of Suze Orman are recommending a longterm position in Bitcoin.
I'm in, and even put 25% of my Roth IRA into BTC and other crypto assets a month or so back. Preliminary returns have been astounding... The aforementioned Cardano (ADA) is about to hit 3 bucks as I type. Was a buck, about month ago. I encourage anyone to read-up on Cardano all that it will be able to do. It's launching smart contracts on 12 Sep 2021.
Super excited to see Cal's relationship with FTX-US!
Sig test...