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On April 06 2014 08:16 leova wrote:Bitcoin is, and always will be, a joke... (It was invented from NOTHING and exists as NOTHING, and can be created with Dell PCs. It will never be a legitimate international currency) But I do wish TB and Axiom the best in their endeavors. They really are a fantastic group, providing tons of opportunities to SC2 players(and especially displaced Korean pros), so them getting a sponsor is a good thing in general 
Without going into details about how bitcoin works, the miners and how it inherits its value/is valued etc:
Do you know what a joke the more widely used fiat currency is? It is truly based on nothing, is being printed like its christmas eve (by the federal reserve, look up quantitative easing etc). Back in the day it was gold backed, but not so much anymore.... Today it's nothing but castles in the clouds (loan bubbles, and non-stop printed money).
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yeah, but at least there's the whole "US Government backs this piece of paper" thing, what with it being written on the money and all...
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God... r/bitcoin is not full of genius person :D
But teamliquid seems a lot worst.
If you do not like bitcoin, it's your life, this sponsoring is good for E-sport and this Team.
But all i see is people do not like bitcoin, and look very misinformed and tell us like they now the truth.
Bitcoin on 6 months : change: +267.48%
Bitcoin on 2 years : change: +9383.06%
What are you talking about ? Yes their is a "down" it's free new market - who care ? People who invest less than 3months ago ? Maybe... But if they HOLD, money invest will be back don't worry about it.
I just can't understand in a Starcraft community we have just a lot of Bitcoin hater. Bitcoin is a international, almost free fee, new "currency" who bring new opportunity (micro transaction, tips), to the world of internet, and e-sport, it's a money design for people like us, who born in this incredible virtual world, where "national" currency mean nothing for "us".
If you think 10 seconds and read some articles, about cryptocurrency, (and forget about the price) i just don't know how you can't be against it.
Maybe youngest generation don't know how primitive internet was aswell, full of scam, and shady.
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On April 06 2014 08:20 leova wrote:
yeah, but at least there's the whole "US Government backs this piece of paper" thing, what with it being written on the money and all...
You also get the "regulated" industries taking advantage of politics and the crashes associated with such greed, such as in 2008, are all a part of this product "backed by the government." I'm not saying that it's a bad thing to have some confidence instilled behind a currency via government backing, but what I am saying as that your argument is shallow and there is much more to it than that. This thread doesn't even touch on what exactly bitcoin is, what it can do, and where it is now. It's mostly one-liner punch marks made from broad generalizations.
Let's just be happy that donations are being made from a community for the greater good of e-sports
If you want to discuss digital currency, trust me, there are plenty of avenues to do that! And to be fair, all of the points made in this topic thus far have been beaten to death already...
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On April 06 2014 04:54 nGBeast wrote:Show nested quote +On April 06 2014 02:07 -Kyo- wrote:On April 06 2014 01:04 TotalBiscuit wrote:On April 05 2014 23:50 Thrill wrote:
Absolutely stupid.
I suppose reddit and tb are a match made in heaven though. Thanks for your expert business advice. 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.
The assumption of my post was that TB does have "business advice" on this subject, clearly, as he is the one who signed whatever partnership; and therefore, it would be nice to have some general information. The point was to ask for him to elaborate upon it because I do not understand how a subreddit can sponsor a team. Telling me to "do some research" is a rather childish response to a genuine question.
A person posted that they have an "advertising budget" but I have no clue if that has any correlation to whatever TB signed. I do not want their exact partnership details written out, as that would be expecting too much, but "how" the subreddit plans to help the team or in what ways is not too much to expect. For all we know it might just be a branding thing to increase awareness of both since there really was no details on the partnership and TB has signed promotional sponsors previously.
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Canada16217 Posts
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On April 06 2014 08:50 -Kyo- wrote:Show nested quote +On April 06 2014 04:54 nGBeast wrote:On April 06 2014 02:07 -Kyo- wrote:On April 06 2014 01:04 TotalBiscuit wrote:On April 05 2014 23:50 Thrill wrote:
Absolutely stupid.
I suppose reddit and tb are a match made in heaven though. Thanks for your expert business advice. 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. The assumption of my post was that TB does have "business advice" on this subject, clearly, as he is the one who signed whatever partnership; and therefore, it would be nice to have some general information. The point was to ask for him to elaborate upon it because I do not understand how a subreddit can sponsor a team. Telling me to "do some research" is a rather childish response to a genuine question. A person posted that they have an "advertising budget" but I have no clue if that has any correlation to whatever TB signed. I do not want their exact partnership details written out, as that would be expecting too much, but "how" the subreddit plans to help the team or in what ways is not too much to expect. For all we know it might just be a branding thing to increase awareness of both since there really was no details on the partnership and TB has signed promotional sponsors previously.
It's a sponsorship. It's money, what else would it be? That's what a sponsorship is.
And no I have never signed a "promotional sponsor" whatever that means. Every sponsor of Axiom has done what a sponsor does, which is pay for the sponsorship.
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maybe he meant "promotional vs physical", as in, one that sends you just money, vs one that also sends gear/etc
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Whether you like bitcoin or not (I'm not informed enough to have an opinion), you have to admit it's a funny position that Axiom is in... users of r/bitcoin will be cashing in their physical currency for a cryptocurrency, then send that currency to Axiom as per their sponsorship, then Axiom will cash in that cryptocurrency for physical currency which they will then give to their players. It seems like there are more steps in the process than are necessary. Unless of course r/bitcoin won't be giving Axiom bitcoins, but that would seem kind of silly and pointless...
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Have we figured out how /r/bitcoin gets its money yet?
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On April 06 2014 10:20 Omigawa wrote:
Whether you like bitcoin or not (I'm not informed enough to have an opinion), you have to admit it's a funny position that Axiom is in... users of r/bitcoin will be cashing in their physical currency for a cryptocurrency, then send that currency to Axiom as per their sponsorship, then Axiom will cash in that cryptocurrency for physical currency which they will then give to their players. It seems like there are more steps in the process than are necessary. Unless of course r/bitcoin won't be giving Axiom bitcoins, but that would seem kind of silly and pointless...
You started with "I'm not informed enough to have an opinion", it's was better to stop here.
Yeah you don't know anything about bitcoin so... People who are able to donate not cash-in at all they have huge reserve of bitcoin (most of them bought bitcoin under 20$), or are miner bitcoin or other crypto (like me).
No one will cash in for give donation, don't worry about it, people are not so kind :-D
And maybe Axion will use bitcoin to buy stuff with bitcoin (flight, or whatever they need on the web since "a lot" of website started accepting BTC)...
So what you are saying is "kind of silly and pointless" ;-)
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On April 06 2014 10:27 Orcasgt24 wrote:
Have we figured out how /r/bitcoin gets its money yet?
If I had to guess, I'd wager through bitcoins.
If one of the members/founders happened to be one of the nerds who started with bitcoins in 2009, he'd easily have well over 20k coins. if not 200k. That does leave a fair bit of disposable income to follow through on whatever they'd want.
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On April 06 2014 10:27 Orcasgt24 wrote:
Have we figured out how /r/bitcoin gets its money yet?
just follow the bitcoins
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On April 06 2014 10:47 MaNGi wrote:Show nested quote +On April 06 2014 10:20 Omigawa wrote:
Whether you like bitcoin or not (I'm not informed enough to have an opinion), you have to admit it's a funny position that Axiom is in... users of r/bitcoin will be cashing in their physical currency for a cryptocurrency, then send that currency to Axiom as per their sponsorship, then Axiom will cash in that cryptocurrency for physical currency which they will then give to their players. It seems like there are more steps in the process than are necessary. Unless of course r/bitcoin won't be giving Axiom bitcoins, but that would seem kind of silly and pointless... You started with "I'm not informed enough to have an opinion", it's was better to stop here. Yeah you don't know anything about bitcoin so... People who are able to donate not cash-in at all they have huge reserve of bitcoin (most of them bought bitcoin under 20$), or are miner bitcoin or other crypto (like me). No one will cash in for give donation, don't worry about it, people are not so kind :-D And maybe Axion will use bitcoin to buy stuff with bitcoin (flight, or whatever they need on the web since "a lot" of website started accepting BTC)... So what you are saying is "kind of silly and pointless" ;-)
I said I wasn't informed enough about bitcoin to have an opinion on whether or not I like them... I am informed enough to to have an opinion on how silly it is that Axiom will have to cash in a cryptocurrency for a physical currency in order to use the money that their sponsor is giving them. It would be less of a hassle, and equally as funny, if r/bitcoin sent them American Express prepaid visa cards instead as part of their sponsorship arrangement.
You seem entirely too worked up about this issue.
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On April 06 2014 08:04 TotalBiscuit wrote:Show nested quote +On April 06 2014 06:20 buckKeefe wrote:Everything here is legal and legitimate. definitely legal, but "legitimate" leaves a lot of room for interpretation... if were on the team, i would not feel especially confident in having my livelihood contigent on the bitcoin market (presumably the investment behind the sponsorship, even if it's not the actual currency being transferred). still, more sponsors is better than fewer sponsors, so good for axiom! If you were a player you'd understand that a small sponsorship like r/bitcoin makes next to no difference monetarily and not a single shred of their salary is "contingent" on the bitcoin market. But that would require common sense.
How can you claim common sense when we had no idea it was a "small" sponsorship? For all we knew they could have became your second largest sponsor (assuming you'd call your largest sponsor your title sponsor, otherwise it could be your largest). Also, I believe he meant that the funding from the sponsorship was in Bitcoins. So if the market suddenly crashed into nothing, you'd presumably not be getting any money from them.
Congrats to Axiom! While I'm not a believer in Bitcoin, or similar currency, it's nice that eSports is getting new sponsors.
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On April 06 2014 13:52 Ercster wrote:Show nested quote +On April 06 2014 08:04 TotalBiscuit wrote:On April 06 2014 06:20 buckKeefe wrote:Everything here is legal and legitimate. definitely legal, but "legitimate" leaves a lot of room for interpretation... if were on the team, i would not feel especially confident in having my livelihood contigent on the bitcoin market (presumably the investment behind the sponsorship, even if it's not the actual currency being transferred). still, more sponsors is better than fewer sponsors, so good for axiom! If you were a player you'd understand that a small sponsorship like r/bitcoin makes next to no difference monetarily and not a single shred of their salary is "contingent" on the bitcoin market. But that would require common sense. How can you claim common sense when we had no idea it was a "small" sponsorship? For all we knew they could have became your second largest sponsor (assuming you'd call your largest sponsor your title sponsor, otherwise it could be your largest). Also, I believe he meant that the funding from the sponsorship was in Bitcoins. So if the market suddenly crashed into nothing, you'd presumably not be getting any money from them. Congrats to Axiom! While I'm not a believer in Bitcoin, or similar currency, it's nice that eSports is getting new sponsors.
It is a small sponsorship.
If you check /r/Bitcoin, you will see their entire advertising budget consists of 15-40 thousand USD.
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On April 06 2014 14:11 FiWiFaKi wrote:Show nested quote +On April 06 2014 13:52 Ercster wrote:On April 06 2014 08:04 TotalBiscuit wrote:On April 06 2014 06:20 buckKeefe wrote:Everything here is legal and legitimate. definitely legal, but "legitimate" leaves a lot of room for interpretation... if were on the team, i would not feel especially confident in having my livelihood contigent on the bitcoin market (presumably the investment behind the sponsorship, even if it's not the actual currency being transferred). still, more sponsors is better than fewer sponsors, so good for axiom! If you were a player you'd understand that a small sponsorship like r/bitcoin makes next to no difference monetarily and not a single shred of their salary is "contingent" on the bitcoin market. But that would require common sense. How can you claim common sense when we had no idea it was a "small" sponsorship? For all we knew they could have became your second largest sponsor (assuming you'd call your largest sponsor your title sponsor, otherwise it could be your largest). Also, I believe he meant that the funding from the sponsorship was in Bitcoins. So if the market suddenly crashed into nothing, you'd presumably not be getting any money from them. Congrats to Axiom! While I'm not a believer in Bitcoin, or similar currency, it's nice that eSports is getting new sponsors. It is a small sponsorship. If you check /r/Bitcoin, you will see their entire advertising budget consists of 15-40 thousand USD.
And TB, conveniently, didn't say where the money was coming from in his post above, even though he was specifically asked about their marketing budget.
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On April 06 2014 14:14 Ercster wrote:Show nested quote +On April 06 2014 14:11 FiWiFaKi wrote:On April 06 2014 13:52 Ercster wrote:On April 06 2014 08:04 TotalBiscuit wrote:On April 06 2014 06:20 buckKeefe wrote:Everything here is legal and legitimate. definitely legal, but "legitimate" leaves a lot of room for interpretation... if were on the team, i would not feel especially confident in having my livelihood contigent on the bitcoin market (presumably the investment behind the sponsorship, even if it's not the actual currency being transferred). still, more sponsors is better than fewer sponsors, so good for axiom! If you were a player you'd understand that a small sponsorship like r/bitcoin makes next to no difference monetarily and not a single shred of their salary is "contingent" on the bitcoin market. But that would require common sense. How can you claim common sense when we had no idea it was a "small" sponsorship? For all we knew they could have became your second largest sponsor (assuming you'd call your largest sponsor your title sponsor, otherwise it could be your largest). Also, I believe he meant that the funding from the sponsorship was in Bitcoins. So if the market suddenly crashed into nothing, you'd presumably not be getting any money from them. Congrats to Axiom! While I'm not a believer in Bitcoin, or similar currency, it's nice that eSports is getting new sponsors. It is a small sponsorship. If you check /r/Bitcoin, you will see their entire advertising budget consists of 15-40 thousand USD. And TB, conveniently, didn't say where the money was coming from in his post above, even though he was specifically asked about their marketing budget.
I don't see why it matters. Why do you need 100% transparency about everything a team does? TB is still more transparent that 95% of the teams out there (at least).
The matter of fact is, Axiom has support, and we should be happy about it. It's from a legitimate source, yes, the market is less stable than some, but honestly, the chances of bitcoin crashing to very low amounts at this point are very very low. And even if it did happen, it's not like Axion would fail. Totalbiscuit still funds a chunk(unsure how significant now, used to be very significant) out of his own pocket, and if Bitcoin failed, he would keep trying to find new sponsors and support his passion out of his own pocket. I really think TB does a great job, and I think the community should give him more respect.
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On April 06 2014 14:25 FiWiFaKi wrote:Show nested quote +On April 06 2014 14:14 Ercster wrote:On April 06 2014 14:11 FiWiFaKi wrote:On April 06 2014 13:52 Ercster wrote:On April 06 2014 08:04 TotalBiscuit wrote:On April 06 2014 06:20 buckKeefe wrote:Everything here is legal and legitimate. definitely legal, but "legitimate" leaves a lot of room for interpretation... if were on the team, i would not feel especially confident in having my livelihood contigent on the bitcoin market (presumably the investment behind the sponsorship, even if it's not the actual currency being transferred). still, more sponsors is better than fewer sponsors, so good for axiom! If you were a player you'd understand that a small sponsorship like r/bitcoin makes next to no difference monetarily and not a single shred of their salary is "contingent" on the bitcoin market. But that would require common sense. How can you claim common sense when we had no idea it was a "small" sponsorship? For all we knew they could have became your second largest sponsor (assuming you'd call your largest sponsor your title sponsor, otherwise it could be your largest). Also, I believe he meant that the funding from the sponsorship was in Bitcoins. So if the market suddenly crashed into nothing, you'd presumably not be getting any money from them. Congrats to Axiom! While I'm not a believer in Bitcoin, or similar currency, it's nice that eSports is getting new sponsors. It is a small sponsorship. If you check /r/Bitcoin, you will see their entire advertising budget consists of 15-40 thousand USD. And TB, conveniently, didn't say where the money was coming from in his post above, even though he was specifically asked about their marketing budget. I don't see why it matters. Why do you need 100% transparency about everything a team does? TB is still more transparent that 95% of the teams out there (at least). The matter of fact is, Axiom has support, and we should be happy about it. It's from a legitimate source, yes, the market is less stable than some, but honestly, the chances of bitcoin crashing to very low amounts at this point are very very low. And even if it did happen, it's not like Axion would fail. Totalbiscuit still funds a chunk(unsure how significant now, used to be very significant) out of his own pocket, and if Bitcoin failed, he would keep trying to find new sponsors and support his passion out of his own pocket. I really think TB does a great job, and I think the community should give him more respect.
I didn't say we needed to know, he just need to be transparent about these things if he's going to claim common sense about it. And, as I said in my original post, I am happy for Axiom, regardless of my feelings about Bitcoin.
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