EPT/r/Bitcoin to sponsor Axiom. - Page 3
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sumsaR
Sweden1812 Posts
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Cheren
United States2911 Posts
On April 06 2014 03:42 sumsaR wrote: So it's basically sponsor money fuelled by donations. They stand to gain from exposure just like any other sponsor, it's just decentralized. | ||
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Fuzzmosis
Canada752 Posts
The more people they can get to believe in Bitcoin, the more value it has. If you have 100 coins, and can convince 50,000 people that they are worth money, they may increase demand, making your coins increase in value, and it's worth your time. So, makes perfect sense to me. More advertising, more chances at evangalizing, and hopefully Axiom gets something good out of it. | ||
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Fyodor
Canada971 Posts
On April 06 2014 03:17 Targe wrote: This feels like r/bitcoin think this legitimizes bitcoins or are trying to pretend it does meh You talk like it's illegal. | ||
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krutopatkin
Germany2612 Posts
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Zax19
Czech Republic1136 Posts
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Targe
United Kingdom14103 Posts
You talk like its not illegal. | ||
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nGBeast
United States914 Posts
On April 06 2014 02:07 -Kyo- wrote: Well maybe you can enlighten me then... How does a subreddit sponsor a team in a meaningful way? I do not understand. Doing some research would probably help. | ||
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Autodidact
United States27 Posts
Also, for those responding with comments that bitcoin value is volatile etc etc.. if you look at the full picture, it's value year over year has always been in an upward trend. Not that anyone at Axiom is solely betting on this as some sort of long-term investment, but rather it's a sponsorship, and all they really need is support which is exactly what they are getting! | ||
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Crot4le
England2927 Posts
I have no words... | ||
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Zax19
Czech Republic1136 Posts
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OmniEulogy
Canada6600 Posts
On April 06 2014 04:00 Fuzzmosis wrote: Bitcoin needs to evangalize not just to increase value, but stay alive. The more people they can get to believe in Bitcoin, the more value it has. If you have 100 coins, and can convince 50,000 people that they are worth money, they may increase demand, making your coins increase in value, and it's worth your time. So, makes perfect sense to me. More advertising, more chances at evangalizing, and hopefully Axiom gets something good out of it. I just woke up so I can't tell if you are intentionally calling it a pyramid scheme or not. tone on the internet is hard  | ||
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linkhimura
Argentina231 Posts
Still, grats, and let's see what they can bring to the table. | ||
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FiWiFaKi
Canada9859 Posts
On April 06 2014 05:03 linkhimura wrote: reddit sponsoring a team? that's the first time I see that. Well, I don't think it's a bad thing if they can provide something the team needs. Still, grats, and let's see what they can bring to the table. What do you mean? They are obviously giving financial support. What does "let's see what they can bring to the table" mean? They'll bring money, like sponsors in most sports. | ||
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Fuzzmosis
Canada752 Posts
On April 06 2014 05:02 OmniEulogy wrote: I just woke up so I can't tell if you are intentionally calling it a pyramid scheme or not. tone on the internet is hard Oh, not at all. I'm just a non believer. I have friends who are believers. I just notice that it has a lot to do with faith and evangalizing to increase value. Not anything else. Power perceived is power achieved, and all that. It's nice that you truly believe in it's value. Your belief helps add to it! There's certainly room for more believers and more value too. I just looked at it, and choose to step aside, ignoring all possible gains and losses. I'd rather not be involved in something that is only valuable if everyone involved it in is a good salesman. | ||
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Cheren
United States2911 Posts
On April 06 2014 05:09 Fuzzmosis wrote: Oh, not at all. I'm just a non believer. I have friends who are believers. I just notice that it has a lot to do with faith and evangalizing to increase value. Not anything else. Power perceived is power achieved, and all that. It's nice that you truly believe in it's value. Your belief helps add to it! There's certainly room for more believers and more value too. I just looked at it, and choose to step aside, ignoring all possible gains and losses. I'd rather not be involved in something that is only valuable if everyone involved it in is a good salesman. Yeah, it's like a god in the Forgotten Realms or a Terry Prachett book. | ||
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entropius
United States1046 Posts
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canikizu
4860 Posts
On April 05 2014 22:55 jakethesnake wrote: Sick indeed! About -50% over the past four months.... Well, grats to Axiom, although I wonder how a subreddit can make enough money to sponsor a team... Still, I'm very excited for TB and the rest of the team! You mean in the ONE month? Bitcoin basically went from 1k/coin to 400/coin in couple week, even its biggest bitcoin market exchange crashed and went out of business. Its value is around 400-450/coin with no centralized market right now. At least that was the last time I heard and cared about bitcoin. | ||
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TotalBiscuit
United Kingdom5437 Posts
Can we start handing out punishments for people that accuse sponsors of illegal activity? This defamatory nonsense helps nobody. | ||
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imre
France9263 Posts
On April 06 2014 05:55 TotalBiscuit wrote: Can we start handing out punishments for people that accuse sponsors of illegal activity? This defamatory nonsense helps nobody. well it is not recognized as currency in some countries, which is the closest to illegality you can get for something that claims to be a currency. It's more speculative than wall street too. I'm sure a bunch of the biggest esports sponsor have illegal activities too, mainly tax dodging so it's not a precedent either... | ||
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